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Metro Bank Plunges on Misclassified Assets, Capital Concern

Bank Innovation

Metro Bank Plc fell the most since going public after applying an incorrectly low-risk weighting to parts of its loan book, with the British lender’s chief saying he doesn’t know how long the mortgages in question had been wrongly classified. The shares plunged as much as 34 percent Wednesday and the bank’s bonds also fell […].

Metro 170
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Online B2B Marketplaces See New Funding Rounds 

PYMNTS

million in venture capital. As reported by The Business Times , in Singapore, Tin Men Capital, a venture capital firm focused on B2B tech startups, led a $5 million Series A funding round to invest in RateIt. The company has expanded from Australia to southeast Asia and clients include Lego, Metro, Pandora and others.

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Car Talk: Shift Announces Plans To Go Public

PYMNTS

revved a little higher Monday (June 29) as online car sales platform Shift announced it will go public in the third quarter via a complicated reverse merger arrangement. Arison said the move was about adding capital to scale the company. Securing that capital is even more complicated than the IAC merger.

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BankBazaar Moneymood® Report 2020 : A Deep Dive

BankBazaar

BankBazaar , India’s leading online marketplace for financial products has launched the second edition of the BankBazaar Moneymood ® 2020 report. Trends are segregated based on metros & non-metros, gender, and age. When it comes to credit products, the divide between metros and non-metros is noted to be dwindling.

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Grofers Raises $200M In SoftBank-Led Round

PYMNTS

Grofers, the Indian online grocery startup, has raised more than $200 million in a new round of fundraising. Tiger Global, Sequoia Capital and new investor KTB took part in the investment. He noted that by the end of this quarter, Grofers will be the country’s biggest online grocer. per share, or $59.9 million.

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Black Friday Heads Toward Shades Of Gray

PYMNTS

COVID-19 shows no signs of abating – in fact, fears of a second wave have already hit New York City, among other metro areas. percent shopped online during Black Friday last year, which was double the 2018 number. percent of shoppers visited both a physical store and an online store last year. On the flip side, 20.4

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Bitcoin Daily: China Debuts Blockchain-Backed Subway eInvoices; Bitcoin’s Crypto Market Majority On The Decline

PYMNTS

percent of the market’s total capitalization, falling to a low of 50.54 The invoice, which was issued at the Futian Station of the Shenzhen Metro, was developed by the Shenzhen Municipal Taxation Bureau with the help of Chinese tech giant Tencent , according to Coin Telegraph. percent on March 17. Parliament on Monday (March 18).