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Barclays Eyes US Expansion

PYMNTS

In addition, sources say that Barclays is putting more capital behind its U.S. credit card operations. Since then, it launched an online lender in Delaware, which collects term deposits to fund its large U.S. accounted for 40 percent of the bank’s profits, and around a fifth of the bank’s capital is allocated to the country.

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Jeans Maker True Religion Files For Chapter 11 Bankruptcy

PYMNTS

The court filing took place in Delaware on Monday, April 13. True Religion was acquired for $824 million in 2013 by London-based capital investment firm TowerBrook Investment Partners, and ended up filing for bankruptcy in 2017. True Religion tried to capitalize on that with its own brand of workout pants.

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India OKs Facebook Subsidiary’s Acquisition Of Jio Platforms Share

PYMNTS

CCI said Jaadhu is a wholly owned Facebook subsidiary, which was started in March of this year under Delaware state laws, according to a press release. It also has all of Reliance Jio Infocomm Limited’s (RJIL) outstanding and issued share capital.

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OCC outlines risk plan as Northeastern loan growth doubles

Abrigo

Operational Risk: Lastly, the OCC mentioned an increase in operational risk, and its intent to focus on: • Significant growth areas, new products, new or expanded services and changes in strategic direction. The OCC on Oct. It measures 1-5, with 1 being the best score an institution can receive and 5 the worst).

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Chapter 11 Watch: Hanjin’s Latest Lifeline, Caesars Raises The Stakes And E-Cigarette Troubles

PYMNTS

Korean Air’s board of directors approved a 60 billion won ($54 million) loan to Hanjin in an effort to help it continue daily operations. NJOY, one of the largest makers of e-cigarettes, filed for bankruptcy protection in Delaware federal court on Sept. and is saddled with $5.37 billion in debt. 22) after the news.

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LVMH, Tiffany Engage In Luxurious War Of Words

PYMNTS

The suit, filed Monday in Delaware , says that LVMH “continues to have full confidence in its position that the conditions necessary to close the acquisition of Tiffany have not been met.”. The two sides go to trial in January in Delaware. In the balance lies the future of one of retail’s truly iconic luxury brands. billion takeover.

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Finance in motion— $1B moved for $0.02

Lex Sokolin

Goldman Sachs entered and dominated personal digital lending, runs a neobank and roboadvisor, bought a large digital wealth footprint in United Capital, launched a credit card in partnership with Apple, and is now looking into cryptocurrency stablecoins ?—?something Do you think we will see another moment like this in our careers? but “How?”.

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