PYMNTS-MonitorEdge-May-2024

Today In Data: Companies In Flux

There’s a flurry of activity going on in terms of acquisitions, expansions and downsizing.

From providing better security tools to moving into Asian territory, companies are on the move.

Here are the numbers:

$100 million | Amount that ride-hailing app Grab plans to spend to buy Kudo and expand into Indonesia

Nearly 400 | Number of Lloyds Bank branches the bank plans to close in the U.K.

9,000 | Jobs lost due to Lloyds Bank branch closings

$100 million | Amount CO-OP Financial Services paid to acquire TMG

$25 million | CO-OP Financial Services’ 2017 investment in technology infrastructure and product innovation

PYMNTS-MonitorEdge-May-2024