Klarna CEO Sebastian Siemiatkowski follows the launch of the online payment start-up pop-up store in London. Dave Benett | Getty Images for Klarna Swedish online payment company Klarna reported a balloon loss net loss in the first half of 2020, as the company invested in an international expansion company and …
Read More »Banks and tech companies including JPMorgan, Google and Amazon form New York Jobs Council
Jamie Dimon, CEO of JPMorgan Chase & Co. Giulia Marchi | Bloomberg | Getty Images The CEOs of banks, tech companies and consulting firms form a group to encourage hiring from underrepresented groups in New York. Leaders of 27 companies representing much of New York’s dominant industry have teamed up …
Read More »EU watchdog tells UK banks to prepare for full Brexit
LONDON (Reuters) – Banks using Britain as a gateway to the European Union must fully implement their plans to serve EU customers before the end of the Brexit transition period in December, it said on Wednesday. EU banking watchdog. FILE PHOTO: British Union Jack and EU flags are displayed at …
Read More »Chinese banks urged to abandon SWIFT as US sanctions loom
BEIJING (Reuters) – China should prepare for possible U.S. sanctions by increasing the use of its own financial messaging network for cross-border transactions on the mainland, Hong Kong and Macao, according to a report by the Bank’s investment banking unit. China. FILE PHOTO: A general view of the Central Business …
Read More »Barclays Q2 2020 Earnings
A sign hangs above an entrance to a branch of Barclays Plc Bank in the City of London, UK Bloomberg | Bloomberg | fake pictures Barclays posted a net income of £ 695 million ($ 765.64 million) for the first half of 2020, while increasing its coronavirus-related provisions. The British …
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