July 11, 2023
SVB Capital Veteran John China Joins JPMorgan Innovation Economy
J.P. Morgan has added former SVB Capital President John China to its Innovation Economy (IE) business. China will serve alongside Melissa Smith as co-head of IE for Commercial Banking (CB), J.P. Morgan said in a Tuesday (July 11) press...
July 10, 2023
Report: After 5 Years, Uber CFO Nelson Chai Plans to...
Uber Chief Financial Officer Nelson Chai is reportedly planning to leave the firm after five years. Chai told the company’s CEO, Dara Khosrowshahi, that he intends to move on, but an effective date has...
July 10, 2023
China Creeps Toward Deflation as Recovery Slows
While much of the world deals with inflation, China has the opposite problem. The country’s economy reached the edge of deflation last month, the Financial Times (FT) reported Monday (July 10), triggering...
July 10, 2023
From Front Counters to Kitchens, AI Takes Over Restaurant Industry
As restaurants face labor challenges both in the front of the house and the back, many are tapping robotics and artificial intelligence (AI) to boost their ability to meet demand....
July 10, 2023
Convera Concludes Western Union Business Solutions Deal
B2B FinTech Convera says it has completed its acquisition of Western Union Business Solutions (WUBS). WUBS was acquired last year by Goldfinch Partners and The Baupost Group for $910 million and rebranded as Convera,...
July 10, 2023
China’s IPO Applications Plunge in First Half of 2023
So far, 2023 has not been a good year for the Chinese IPO (initial public offering) market. As Reuters reported Monday (July 10), IPO applications in that country dropped by a third...
July 07, 2023
FinTech IPO Index Slips 1% as Affirm Sinks on Analyst...
The job numbers came in hot. The Fed looks set to raise rates. And the interest rate-sensitive names in the FinTech IPO Index took a bit of a hit. In...
July 06, 2023
CAB Payments Goes Public Amid Tepid UK IPO Market
Great Britain’s CAB Payments raised $426 million upon becoming a public company Thursday (July 6). The firm, which had announced its initial public offering (IPO) plans last month, is a B2B foreign exchange and...
July 05, 2023
Claire’s Scrubs Plans to Go Public Amid Shaky IPO Market
Teen-centric jewelry and accessory retailer Claire’s has scrapped its plan to go public. The company had filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission...