Category: Banking

A few days after the Wall Street Journal reported that a few corporate supporters of Facebook’s cryptocurrency were considering bowing out of its so-called “crypto mafia”, PayPal became the first to do so Friday, announcing that it will no longer…

WeWork; Jackal Pan/Getty images; Samantha Lee/Business Insider WeWork could run out of money as soon as next year if it keeps burning $700 million per quarter, according to analysts at Bernstein. WeWork was counting on an influx of $9 billion…

Red Hat CFO ‘Dismissed’ From Company, Forfeits $4M Retention Award (wsj.com) Posted by EditorDavid on Saturday October 12, 2019 @06:34PM from the after-the-acquistion dept. “Red Hat Inc.’s finance chief Eric Shander has been dismissed from the company, forfeiting a $4…

DeWanda Wise attends the 2019 Girlboss Rally.Image: Rachel Murray (Getty)After the middling reception Jurassic World: Fallen Kingdom received, it seems as if Universal’s banking on the return of a number of classic characters from the Jurassic Park franchise to lure…

By Matthew GreenUNITED NATIONS, Sept 22 (Reuters) – Banks with more than $47 trillion in assets, or a third of the global industry, adopted new U.N.-backed “responsible banking” principles to fight climate change on Sunday that would shift their loan…

As profit-chasing banks abandon low-income and rural neighborhoods, nearly 8% of U.S. households are unbanked, and one in five people live in areas that are insufficiently served by banks, aka “underbanked,” which forces them to rely on alternative and often…

Photo: Michael Short (Getty Images)Officials across the European Union have already made their thoughts on Facebook’s Libra cryptocurrency project clear. Now those concerns have extended to Apple Pay, with EU antitrust chief Margrethe Vestager’s office probing whether the company’s pre-installed…

To help keep illicit products off the market, the industry is pleading for federal regulation for better control and testing. Image credit: boonchai wedmakawand | Getty Images October 16, 2019 6 min read Opinions expressed by Entrepreneur contributors are their…

While the Indian banking system could be hit by billions of dollars of additional soured debt, the cash crunch in the housing market has levied a toll in human misery. Francis Mascarenhas/Reuters India might have thought the worst of a…

Becoming a venture capitalist is notoriously difficult. One part timing, one part experience, another part network. Rarely can someone provide succinct instructions on how to break into the field of private market investing or how to create your own VC…