November 07, 2019
Ex-Uber CEO Kalanick’s Startup Lands $400M From Saudi Fund

CloudKitchens, the delivery startup founded by former Uber CEO Travis Kalanick, has received a $400 million investment from Saudi Arabia’s Public Investment Fund (PIF), according to a report by The...

November 07, 2019
Italy Opposes German Proposal For EU Banking Union

A German proposal for the EU’s banking union is being opposed by Italy, which said it would impact banks’ ability to compete, according to a report by The Financial Times....

November 06, 2019
Inside Affirm’s ID Verification And Fraud Prevention Techniques

Stringent ID verification is crucial for online lenders to prevent fraudsters from using stolen identities to rip them off. This means lenders must utilize hard-to-falsify data, such as information pulled...

November 06, 2019
Silicon Valley Bank To Lend $200M To Danish Tech Firms

Silicon Valley Bank, a unit of SVB Financial Group, revealed plans to invest a minimum of $200 million to supply loans to Danish technology companies. Erin Platts, head of EMEA...

November 05, 2019
Walgreens Boots Could Go Private In Potentially Largest Buyout Ever

Walgreens Boots Alliance could be going private in what would be the largest leveraged purchase of a company ever, according to a report by Bloomberg. The company has been talking...

November 05, 2019
David’s Bridal Avoids Bankruptcy With Debt Deal

David’s Bridal has reached a debt deal, enabling the bridal chain to avoid another round in bankruptcy court. Sources told Bloomberg that the retailer had discussions with lenders and equity...

November 04, 2019
BBVA, Prosper Partner To Offer Easier Home Equity Loans

Online lending marketplace Prosper has teamed up with BBVA USA to offer a new way for consumers to apply for a home equity line of credit (HELOC), which involves significantly...

November 04, 2019
Citigroup To Offer American Airlines Cardholders Access To High-Interest Savings

Citigroup is planning to roll out a high-interest savings account option for users of its American Airlines co-branded credit card, CNBC reported on Monday (Nov. 4). Citigroup spokeswoman Jennifer Bombardier...

November 04, 2019
Coty Brings Back CoverGirl Tagline, TV Ads As It Tries...

CoverGirl cosmetics maker Coty Inc. is making an about-face, years into a turnaround that hasn’t yet taken hold. The company is doing away with a revival plan hinged on bringing...