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The most digitally-native cohort is rapidly reshaping the financial services landscape. With their purchasing power projected to reach $12 trillion in just five years and a staggering $84 trillion in assets by 2045, GenZ represents an undeniable force for banks worldwide. However, their unique behaviors — from preferring non-traditional providers to demanding real-time payouts and aligning with...
American companies are reportedly resorting to job cuts amid tariff-related uncertainty.
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More than 170 companies are expected to announce layoffs this month, Seeking Alpha reported Saturday (June 14), citing WARNTracker.com, a website that tracks cuts based on Worker Adjustment and Retraining Notification (WARN) Act notices filed by employers.
According to the report,...
Cryptocurrency exchanges Coinbase and Gemini are reportedly on the verge of being licensed in Europe.
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That’s according to a report Friday (June 13) by Reuters, which noted that the companies are reaching this milestone amid contention among European Union (EU) regulators over how quickly and easily some countries are granting such licenses.
The EU’s Markets in Crypto-...
StubHub is reportedly threatening to leave the U.K. over a proposed cap on ticket-resale prices.
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As the Financial Times (FT) reported Sunday (June 15), the British government is considering plans to limit ticket resales to their original price, or limit increases to 30%. The goal is to crackdown on scalpers charging steep prices to fans attending sporting events or...
American travelers are reportedly delaying or scaling back their vacations in an uncertain economic climate.
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As the Financial Times (FT) reported Sunday (June 15), fewer people passed through U.S. airports in the last 90 days than in the same timeframe in 2024. Air travel has begun to dip for the first time since the height of the COVID pandemic, the report added,...
The U.K.’s Metro Bank has reportedly been approached about a possible private equity takeover.
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Pollen Street Capital made an informal approach to the bank in recent weeks, the Financial Times (FT) reported Saturday (June 14), citing sources familiar with the matter.
PYMNTS has contacted Metro Bank for comment but has not yet gotten a reply.
The FT noted that Metro,...
Looking for a travel-related business that’s actually booming during the year of COVID-19? It’s out on the water, in rented boats of every shape and size from kayaks to luxury yachts.
“We had our drop-off in April, and then come May we saw a very quick rebound, Bryan Petro, chief operating officer of boat rental and charter marketplace GetMyBoat, told PYMNTS. “From April [to August], we are...
In China, crypto over-the-counter (OTC) traders are being arrested in an attempt to crack down on illegal transactions, according to a report from CoinDesk.
Prominent OTC trader Zhao Dong, of crypto lending platform RenrenBit, was held up by police in the city of Hangzhou, the report says. Zhao has a prominent status among the community, and rumors online began to circulate. One poster relayed...
Two innovators approached a well-heeled investor asking for money. Their sales pitch was very convincing. They told this investor that their innovation was so incredibly cutting-edge that only the hopelessly uninformed would fail to recognize its value. The innovators said that they had picked him because he was smart and forward-thinking enough to see the potential. The investor, who prided...