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Alibaba’s Ant Group Produces Preparatory Regulatory Filing For Intended IPO

PYMNTS

Ahead of an intended initial public offering (IPO), Alibaba Group Holding’s Ant Group has conducted a preliminary filing with the securities watchdog of China, Reuters reported. Ant Group indicated in July that it had begun the procedure for a dual listing in Shanghai on STAR Market and in Hong Kong.

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NYC Taxi Commission Accused Of $810 Million Fraud

PYMNTS

These taxi medallions were marketed as a pathway to the American Dream, but instead became a trapdoor of despair for medallion owners harmed by the TLC’s unlawful practices,” she added. . The TLC had said medallions were investments “with greater returns than the stock market,” a statement from the attorney general’s office alleges.

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Shanghai Stock Exchange Holds Up Ant Group IPO Following Regulators' Questioning

PYMNTS

Several regulatory agencies — the People’s Bank of China (PBOC), Insurance Regulatory Commission, the Securities Regulatory Commission and the State Administration of Foreign Exchange — summoned Ma, the controlling shareholder in Ant Group, on Monday (Nov. Ant was founded in 2004 as Alibaba's payments processor. billion in 2019. .

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Report Finds CEO Pay Rises After Data Breach

PYMNTS

firms between 2004 and 2016, focusing on high-profile cyberattacks that caused a drop in share value. Despite the market value of those firms declining, the researchers found that CEO pay increased during those years. The report examined instances of data breaches at 41 public U.S. ”

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Everything you didn’t know about the repo rate!

BankBazaar

RBI loans out money to commercial banks in return for qualifying securities. They enter into a repurchase agreement for these securities. It usually happens when the commercial banks are struggling to maintain liquidity during volatile market conditions or when they’re simply strapped for cash.

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Happy 15th IPO Anniversary Google!

PYMNTS

. — Silicon ValleyEntrepreneur, Inventor and Futurist Jeffery Kaplan on Google’s 2004 IPO . Alphabet, with an $800 billion+ market cap, hundreds of millions of active daily users, and stable duology with Facebook for the bulk of web’s advertising revenue has inarguably succeeded since IPO went off 15 years ago today (Aug.

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Mexico’s B2B Payments Opportunity As A Global eInvoice Leader

PYMNTS

Mexico’s eInvoicing requirements began back in 2004, when its tax authority, the SAT, first developed its eInvoicing legal framework. Its eInvoicing traction isn’t the only way the Mexican market differentiates itself from the U.S. While the U.S. For accounts payable, it’s a one-stop-shop to make a payment.”.

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