Business

JPMorgan invests in UK-based tech firm Icon Solutions

Editorial Bureau October 29, 2020

LONDON (UK) – JPMorgan Chase & Co said on Thursday that it has made a strategic investment in UK-based Icon Solutions, which advises and provides technology to banks to enable them to revamp their digital payments systems. However, the financial terms of the deal have not been

Tech

Amazon.com directs staff to uninstall TikTok from handsets, later revokes ban

Editorial Bureau July 11, 2020

WASHINGTON (US) – Amazon.com Inc on Friday imposed a ban on video sharing app TikTok in employee mobile phones and in the span of a few hours revoked it. This comes in the wake of US Secretary of State Mike Pompeo stating that the United States is “certainly looking at” banning TikTok, hinting that it […]

Finance

Staff in big banks reassured regarding potential job cuts

Ren Leen March 27, 2020

(Finance) – Big banks are postponing decisions about staff cuts as the coronavirus outbreak hits their businesses hard, with executives saying they are unsure how long the outbreak will hurt the economy and worried about being unprepared if business suddenly snaps back. Morgan Stanley, Goldman Sachs Group Inc, Wells Fargo & Co, Deutsche Bank AG, […]

Finance

Big U.S. banks work from home efforts strained by tech issues

Ren Leen March 20, 2020

Citigroup Inc requested its non-essential workers in North America to stop from logging into its remote access system until 1 p.m. on Thursday. This was because many employees to begin working from home and it braced for the impact of the same. This move is meant to minimize the time that employees in the U.S. […]

Business

Wells Fargo to pay $3 billion to U.S., admits pressuring workers in fake-accounts scandal

Ren Leen February 22, 2020

WASHINGTON- Wells Fargo & Co has agreed to pay $3 billion (2.3 billion pounds) to resolve criminal and civil probes into fraudulent sales practices and has admitted to pressuring employees in a fake-accounts scandal, U.S. officials said on Friday, wrapping up one of the last major investigations looming over the bank. Wells Fargo will pay […]

Business

Laura Ashley- major shareholder, lender in funding talks

Ren Leen February 17, 2020

On Monday, clothing and furnishing retailer Laura Ashley said that they were in talks with their lender and majority shareholder about their immediate funding requirements, owing to the drop in half-year revenue. Recent movements in Laura Ashley stocks and levels of customer deposits resulted in a reduction of what it could draw under the working […]

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