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Chesapeake Energy (NYSE: CHK) stock price lost more than half of its value this month alone due to debt obligations and going concern issues. CHK shares are down almost 70% since the beginning of this year. The share price selloff has been receiving support from bearish sentiments regarding the declining oil and gas prices. However,…
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Google plans to offer a checking account in joint venture with Citigroup, in the latest push by big tech giants into financial services. The Silicon Valley group is currently working on the project, codenamed project Cache, with the Wall Street powerhouse, and a credit union at Stanford University. The account is due to launch next…
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An Australian payments firm has bought an Irish rival to boost its fintech clients and open banking services around the world. Brisbane-based EML Payments has agreed to buy PrePaid Financial Services (PFS) Ireland for £226m, plus an earn out component of up to £55m. PrePaid Financial Services has become one of the fastest-growing e-money and…
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Apple CEO Tim Cook and the US President Donald Trump will inspect the Texas factory of the company next week. Although no formal announcement has been made about the tour, people who are familiar with the tour arrangements said the tour would happen as early as next week. According to the sources, the details about…
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Revolut has appointed City grandee Martin Gilbert as chairman, as the digital bank bids to control its corporate governance and battles accusations of a toxic company culture, amid rapid growth. The London-based fintech said Gilbert will take up the post of non-executive chairman on 1 January next year. The move comes after the app-only bank…
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A US credit white label credit card business has raised $50m from investors, led by Goldman Sachs. California-based Deserve – which uses machine learning to provide bespoke cards for consumer brands to universities – was backed by a range of investors including Sallie Mae, Accel and Aspect Ventures. The fintech said it will use the…
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A Chinese company known as Fosun has bought the Thomas Cook. The cost of the acquisition is reported to be ₤11 million. This marks a drastic change of fortunes for what was reputed to be the oldest global tourism firm in existence and one of the most famous. The multi-million-pound deal also includes the Cook’s Club…
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The FCA has extended the deadline for notification for the temporary permissions regime (TPR) until 30th October 2019. Since the UK and the EU substantively agreed to move the date for the withdrawal of the UK from the European Union, the FCA has also followed suit by extending the deadline for firms to register for…
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Bitcoin System is a tool that reportedly enables users to profit from crypto volatility. The bot is said to be fully auto and completely beginner-friendly. But is the robot legit, and is it possible to make money through it? From the data we have analysed, it appears to be legit. Just remember that all trading…
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General Electric (NYSE: GE) stock price moved into a double-digit figure for the first time in the last three months. GE’s share price rally is backed by the trader’s confidence in restructuring actions and improving financial numbers. The share price surged more than 11% in a single day after the earnings announcement. The significant share…
