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Citi, Bank of America lead launch of open-market electronic trading platform

BankInovation

Seven financial services powerhouses, led by Citi and Bank of America, launched an independent company this week to create the first open-market electronic trading platform for syndicated loans and collateralized loan obligations (CLOs).

America 96
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MercadoLibre: The ‘Amazon Of Latin America’ Spreads Its Wings

PYMNTS

Imagine if a North American company had the market share of Amazon, the payment flexibility of PayPal and the credit portfolio of Visa. In Latin America, such a company exists in the form of MercadoLibre , a triple-threat regional financial powerhouse based in Argentina. It now operates in 18 countries in Latin America.

America 248
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Bank Of America Analyst Sinks Square Rating

PYMNTS

Bank of America has lowered its rating of Square Inc. Bloomberg News reported analyst Jason Kupferberg said the gradual opening of states amid the coronavirus is a positive sign for retailers. Shares of the San Francisco-based mobile payment company fell by 2.29 percent at noon on Monday (May 18), according to Yahoo Finance.

America 186
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Today In Retail: Bed Bath & Beyond Completes Sales Of Cost Plus World Market; Starbucks To Help Out Washington State With Vaccine Distribution

PYMNTS

In today’s top retail news, Bed Bath & Beyond said it has finished its sale of Cost Plus World Market (CPWM) to a private equity firm, while Starbucks will help Washington state with the distribution of coronavirus vaccines. Bed Bath & Beyond Finishes Sale Of Cost Plus World Market To PE Firm. Bed Bath & Beyond Inc.

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From Community Hubs To In-Store Theater, Retailers Double Down In Digital At NRF

PYMNTS

The National Retail Federation ’s annual convention may have come and gone but the sentiments, strategies and lessons learned from facing nearly a year of pandemic-led changes by some of the world’s largest merchants are going nowhere fast — especially when it comes to their embrace of increased digitalization. Stores As Social Centers.

Community 269
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Kiosks Flourish In International Markets

PYMNTS

Kiosks are gaining more power in retail, especially as it becomes ever more obvious that consumers are not quite ready to cut ties with physical forms of buying, contrary to the early fever dreams of the eCommerce age. There are seven million family-run mom-and-pop stores that dominate retail outside big cities in China,” that analysis reads.

Marketing 158
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Cancel Culture: Technology Makes Managing Subscriptions Easy For Consumers and Banks

PYMNTS

Minna co-founders and CEO Joakim Sjöblom and Chief Operating Officer Jonas Karles told PYMNTS that getting a better handle on subscription spend can be done through retail banking channels, boosting financial institutions’ own revenue streams. Subscription management is part of that. Embracing The Subscription .