The country’s largest banks by assets have set aside nearly $30 billion to cover losses associated with COVID-19, a tally of recently disclosed plans indicates. The figure includes J.P. Morgan Chase’s decision, announced today and reported by The Wall Street Journal, to set aside $10.47...
Cryptocurrency exchange Bitfinex must answer allegations by the state of New York that the Hong Kong-based company hid more than $800 million in losses of client and corporate funds, the New York Court of Appeals ruled Thursday (July 9), according to Bloomberg. Companies connected to...
As a result of the COVID-19 health crisis, Starbucks anticipates a loss of for its fiscal third quarter as it forecasts a loss in revenue of up to $3.2 billion, CNBC reported. The quick-service coffee chain is predicting 64 cents to 79 cents in net...
As India sees COVID-19 cases quickly climb for the seventh day in a row as of Tuesday (May 26), Uber, like most businesses in the country, is seeing a severe dropoff in the demand for its services and will layoff about 600 workers. The move...
July 17, 2020
The troubles afflicting Wirecard AG are not limited to the German payment processing company. Some European lenders say they expect to recover as little as 20 percent of the nearly $2 billion they are owed, sources told The Wall Street Journal. As the one-time darling of Europe’s financial technology (FinTech) community faces insolvency with the debt […]
July 14, 2020
The country’s largest banks by assets have set aside nearly $30 billion to cover losses associated with COVID-19, a tally of recently disclosed plans indicates. The figure includes J.P. Morgan...
July 09, 2020
Cryptocurrency exchange Bitfinex must answer allegations by the state of New York that the Hong Kong-based company hid more than $800 million in losses of client and corporate funds, the...
June 10, 2020
As a result of the COVID-19 health crisis, Starbucks anticipates a loss of for its fiscal third quarter as it forecasts a loss in revenue of up to $3.2 billion,...
