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Credit Suisse and ING Complete $30 Million Securities Transaction on Blockchain Platform

Bank Innovation

Credit Suisse Group and Dutch bank ING Groep NV today announced they successfully completed a €25 million ($30.48 The application was built on R3’s Corda distributed ledger platform and in collaboration with financial resource management firm HQLAX. In a statement released today, Romain.Read More.

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Takeaway Says Just Eat Takeover Is A Done Deal, Approval Pending

PYMNTS

10 in its all-stock offer for Just Eat, which came out ahead of a competing Prosus NV cash bid. But a Competition and Markets Authority (CMA) probe is still taking place, and the two firms have to keep operating with separate branding and management until that finishes. Takeaway noted victory on Jan. It was reported that 92.2

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Wirecard Catches A $1.8M Break From Lenders

PYMNTS

As many as 15 lenders are assessing the extent of potential losses, including ABN Amro Bank NV, Commerzbank AG and ING Groep NV, who have loaned Wirecard 1.6 The management board of Wirecard assesses on the basis of further examination that there is a prevailing likelihood that the bank trust account balances in the amount of 1.9

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Nonfinancial Corporations Sitting On Record Pile Of Cash

PYMNTS

The unintended consequence of this situation is all of a sudden, companies have a lot of cash,” Thomas Majewski , managing partner at Eagle Point Credit Management, told the news outlet. In Europe, Ferrari NV and Volkswagen AG have the highest growth in liquidity ratios, according to FactSet. “As

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Wall Street Investors Place Their Bets On Millennials

PYMNTS

According to Reuters , hedge fund managers at the 2018 Sohn Investment Conference in New York offered stock ideas that would benefit from the steadily growing influence of millennials, who are expected to become the largest generation in the United States in 2019. With that in mind, John Khoury, founder and managing partner of the $2.7

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Payment Co. Nexi’s IPO Raises $2.3B

PYMNTS

The payment company is a credit card issuer and also an ATM manager, and its IPO comes in the wake of two other notable ones: Network International, which went public in London on April 10 and Adyen NV, scheduled for June in Amsterdam. The shares begin trading on April 16 in Milan, and the company’s equity value is about 5.7

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Amazon Expands Amazon Home Services To Twenty New Metro Areas

PYMNTS

In a press release , the eCommerce giant said the new cities include Indianapolis, IN; Las Vegas, NV; San Antonio, TX; Ann Arbor, MI; Cleveland, OH; Milwaukee, WI; Boulder, CO; Raleigh, NC; Trenton, NJ; and more. said Nish Lathia, general manager of Amazon Home Services , in the press release. Amazon announced Monday (Nov.

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