TheGuardian

APRIL 18, 2024

Tentative offer follows four months of talks and could create new banking group with almost 5m customers Coventry Building Society has tentatively offered £780m to buy the Co-operative Bank from its hedge fund owners, in what could be the latest in a string of takeovers among UK lenders.

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PYMNTS

MARCH 2, 2020

His TCC Group has put in a bid for the Tesco’s assets, with funding already in place in the event that the bid is successful, The Wall Street Journal reported, citing unnamed sources. Central Group and CP All PCL, the other two conglomerates in Thailand, have also reportedly put forward bids. To purchase the Asian assets of U.K.

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Groups National Operations Resources 188

PYMNTS

OCTOBER 12, 2020

FinTech company Ant Group continues to press toward having the biggest initial public offering (IPO) ever, with returns at an estimated $35 billion. Ant Group is the online payment affiliate of China-based Alibaba Group Holding. Ant Group gets most of its revenue from consumer loans made on the Alipay payments app.

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Groups Operations Online Fintech 205

PYMNTS

DECEMBER 8, 2020

G-III Apparel Group , whose owned brands include DKNY and G.H. Bass and Wilsons Leather share of the company’s retail operations segment were $38.2 The company said it is reorganizing its retail operations segment, as announced in the past. G-III Apparel Group reported net income of $1.29 8) that net sales plunged 26.7

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Groups Report Branding Retail 241

PYMNTS

JANUARY 8, 2020

The post did not say when Amex would start operations in the country. Final approval from the PBOC is still required in order for Amex to begin operating there. Amex has teamed up with the Lianlian Group in order to settle and process payments in yuan in China. Lianlian counts PayPal and Apple among its strategic partners.

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Operations social media Cards Apple 187

PYMNTS

OCTOBER 22, 2020

Ant Group has won the nod from China's top security regulators for its Shanghai offering, the last hurdle to clear for the $35 billion dual listing, Reuters reports. Ant, the FinTech backed by China's Alibaba Group, plans to list simultaneously in Hong Kong and Shanghai in the next few weeks, according to sources quoted by Reuters.

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Groups Capital Regulation Fintech 175

Bank Innovation

OCTOBER 31, 2017

Exchange operator CME Group has announced plans to launch bitcoin futures in the fourth quarter. The announcement by the operator, the largest in the world, prompted a surge for the currency that set bitcoin’s price to a record high (again) of $6,300.

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Bitcoin Groups Regulation Operations 255

PYMNTS

OCTOBER 16, 2020

billion all-stock merger deal between First Citizens and CIT Group will result in the creation of the 19 th biggest U.S. The merged firm will be headquartered in Raleigh, North Carolina and will operate under the First Citizens name and NASDAQ ticker symbol FCNCA. An approximate $2.2

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Groups South Carolina North Carolina Raleigh 220

PYMNTS

SEPTEMBER 21, 2020

Ant Group , the online payment provider for China-based Alibaba Group Holding Ltd., Ant Group declined to comment in an emailed statement. The company operates the Alipay payments app, where it gets most of its revenue from consumer loans. The news comes as Ant Group gained profits of $1.3 It contributed $433.7

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PYMNTS

DECEMBER 7, 2020

high street, Frasers Group said it is in talks to purchase the Debenhams department store company from administrators, The Irish Times reported. Last week, administrators for the department store chain said it would be wound down, and that all locations would be shuttered following 242 years in operation.

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PYMNTS

NOVEMBER 5, 2020

Ant Group 's initial public offering (IPO) could be delayed by six months and its valuation reduced by quite a lot after its delay this week, a report from the Financial Times says, as new regulations come into play. 3), one day after Beijing debuted a set of regulations that would have forced Ant Group to re-do its business model.

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PYMNTS

JUNE 10, 2020

based The Restaurant Group , which serves up casual dining, reportedly plans to close 125 locations. According to the Financial Times , The Restaurant Group will use a “company voluntary arrangement” — which allows businesses to renegotiate debts with creditors. All told, the group could be left with 160 locations.

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CFPB Monitor

FEBRUARY 14, 2024

The Federal Trade Commission (“FTC”) recently entered into proposed stipulations with a group of student loan debt relief providers to resolve allegations that the group conducted deceptive marketing and sales practices in collecting over $8 million in “junk fees” for nonexistent debt relief services.

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PYMNTS

JUNE 8, 2020

With the pandemic putting its business into a state of disorder, Lane Bryant and Ann Taylor owner Ascena Retail Group is reportedly in talks with lenders about a possible bankruptcy filing.

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Groups Retail Dallas United States 179

Cisco

OCTOBER 4, 2022

It is an update to the 2004 Operations book, and links the different processes of Architecture, Infrastructure, and Operations (AIO) into a cohesive framework for auditors to assess. In this booklet the FFIEC discusses the principles and practices for IT and operations, as well as processes for addressing risk respective to IT systems.

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Operations Software Risk Management Management 118

PYMNTS

FEBRUARY 1, 2021

Mall owner Simon Property Group has formed a “blank check” company to go on the hunt for “a company or assets with significant growth potential and prospects.” The new company will be a special purpose acquisition company (SPAC) called Simon Property Group Acquisition. McDade currently serves as CFO of Simon Property Group.

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PYMNTS

JULY 8, 2020

Ant Group, the online payment service affiliate of China’s Alibaba Group Holding Ltd, is looking to go public as early as this year, Reuters reported. . Ant Group was launched in 2014 to provide global financial services. If the IPO moves ahead, one of the sources said it would be one of the world’s biggest listings this year.

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Groups Report Capital Regulation 175

Bank Innovation

DECEMBER 15, 2017

Here comes the world’s first virtual transit card in Android Pay, well at least according to Google and Portland’s public transport operator TriMet, who teamed up to unveil the Hop Fastpass.

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Portland Google Operations Cards 286

PYMNTS

JANUARY 7, 2021

China’s Ant Group is mulling the creation of a new consumer loan unit that would allow it to continue making loans throughout the country while complying with new Chinese banking regulations. Ant Group had planned to go public for $35 billion, which would have made it the largest IPO in market history. China TransInfo Technology Corp.

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Groups Regulation Lending Operations 141

PYMNTS

SEPTEMBER 17, 2020

To enable customers to shop from the complete selection of multiple mall offerings and retrieve their purchases from one place, European mall operator Citycon is creating a buy-online-pick-up-in-store (BOPIS) service. Citycon runs 40 shopping centers throughout Estonia and the Nordic nations, Bloomberg reported.

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Operations Philadelphia United States Online 159

PYMNTS

AUGUST 28, 2020

Bloomberg News reported that Transport for London (TfL) will stay neutral and let the court decide whether Uber can operate in its biggest European market. Citing that Uber was unfit to hold a license, TfL suspended the company’s operations last November. The App Drivers and Couriers Union (ADCU), a U.K.-based

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Operations Regulation Groups Data 154

Payments Dive

FEBRUARY 27, 2018

The Purchase, New York-based card network has already helped MNOs such as Vodafone Ukraine, Digicel Group in the Caribbean, Viettel Telecom in Vietnam and Taiwan's Chunghwa Telecom to roll out various services related to digital payments.

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Operations New York Mobile Groups 281

PYMNTS

FEBRUARY 1, 2021

Add Simon Property Group to the list – the real estate investment trust formed a blank check firm known as Simon Property Group Acquisition in an IPO slated to raise up to $300 million. Funds that have expertise in both companies operating in Asia and how U.S. capital markets work hold a significant advantage.”

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Groups Florida Retail Capital 248

PYMNTS

JANUARY 11, 2021

Retail and hospitality technology firm NCR Corporation is looking to acquire ATM operator Cardtronics for $39 per share, or about $1.7 Other investors include Blackrock Institutional Trust and Vanguard Group. 11) press release. . Cardtronics’ biggest backer — Hudson Executive — owns a 19.44

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ATM Operations Houston Georgia 172

PYMNTS

MARCH 9, 2020

billion, Tesco has struck a deal to sell its Malaysia and Thailand assets to entities of CP Group. South Korea and Japan, and also relinquished some control of its Chinese operations as of 2011. It is currently engaged in a price war with discount grocers and eCommerce rivals, such as Ocado Group PLC and Amazon.com Inc.

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Groups Taxes Resources Operations 130

PYMNTS

JANUARY 8, 2021

To do that, and to clear the next hurdle, Whisler said many financial institutions (FIs) still need to “modernize internally to be a 24/7 operation shop.”. It’s not just technical connectivity that financial service executives need to think about as their business or their FI moves to 24/7,” she said.

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Operations Payments Industry Management 349

PYMNTS

JUNE 1, 2020

The National Coalition of Associations of 7-Eleven Franchisees (NCASEF) said store operators who took in federal Paycheck Protection Program (PPP) loans could potentially have to pay back a “material portion” of the funds. The NCASEF is a trade association for 7-Eleven franchise operators in the U.S., The group says the 7-Eleven Inc.

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Operations National Groups Examples 131

PYMNTS

JANUARY 20, 2020

South African regulators also approved Goldman Sachs for a bank operation license as the firm strives for growth in the most liquid and sophisticated economy on the continent. The filings also indicated that interest income would be spread across operating segments. Last month, it named Jonathan Penkin as head of the local business.

Operations 150

Operations Capital Groups Apple 150

PYMNTS

JANUARY 8, 2020

The post did not say when Amex would start operations in the country. Final approval from the PBOC is still required in order for Amex to begin operating there. Amex has teamed up with the Lianlian Group in order to settle and process payments in yuan in China. Lianlian counts PayPal and Apple among its strategic partners.

Operations 134

Operations social media Cards Apple 134

Gonzobanker

MARCH 6, 2020

Addressing common loan and deposit operations process inefficiencies can help financial institutions deliver optimized value to customers and stockholders. In recent years, many financial institutions have been focused on improving their digital delivery capabilities, often at the expense of their operational groups.

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Operations System Groups Technology 117

Payments Dive

MARCH 24, 2020

Trade organizations and government officials are burning the midnight oil to help ATM operators and small businesses impacted by COVID-19, but owners are concerned that time needed for saving their businesses could run out before help arrives.

Groups 239

Groups Industry ATM Operations 239

PYMNTS

SEPTEMBER 9, 2020

Blockchain firm Digital Currency Group (DCG) has bought the Luno cryptocurrency exchange, which it will keep running as an independent subsidiary, according to a Wednesday (Sept. In August, a large share of a group of mayors inked a deal to take payment for taxes through the country’s digital currency. 9) announcement.

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Groups Bitcoin blockchain cryptocurrency 151

PYMNTS

JULY 16, 2020

The gloves are off in the retail landlord leasing battle, with Simon Property Group now suing mall tenants who aren’t paying their rent. Last month, Simon Property Group filed a similar lawsuit against Brooks Brothers seeking $8.7 Stern likes what Ingka Group, operator of IKEA stores, is doing.

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Groups Retail Comparison Survey 151

PYMNTS

APRIL 4, 2019

SWIFT announced Thursday (April 4) that its working group of payments industry experts is creating a common end-to-end implementation to increase the move of cross-border transactions to the ISO 20022 standard. In a press release, SWIFT said the community has decided to create the standard in light of multiple planned migrations to ISO 20022.

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Groups Guidelines Community United States 146

The Paypers

JANUARY 10, 2024

Malaysia-based fintech Boost and its consortium partner RHB Banking Group have gotten approval from Bank Negara Malaysia (BNM) and the Ministry of Finance to operate as a digital bank.

Operations 41

Operations Digital Banking Groups Fintech 41

Bank Innovation

MAY 22, 2017

Bank wants to revamp its Innovation group with a new artificial intelligence leader. Bank Innovation group,” including overseeing strategic product development, product innovation, and strategy efforts within the AI space, […]. The job posting is vigorous, to say the least.

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Innovation Operations Groups Strategy 199

PYMNTS

OCTOBER 16, 2020

16) that merger talks with TCS Group Holding (Tinkoff) have fallen apart. . TCS Group Holding is the parent company of the Russian lender Tinkoff Bank. “We Lavka stocks roughly 2,000 items and operates as a digital market for convenience items. Russian search giant Yandex said in a statement on Friday (Oct.

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Groups Google Capital Fintech 141