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...A version of this article was first published by Nikkei Asia on February 2. ©2024 Nikkei Inc. All rights reserved....
...In worst-case scenarios, positions would be taken over by “backstop liquidity providers” who had agreed in advance to play such a role. FTX would also kick in $250mn to a guarantee fund....
...Nor were the bill’s corporate critics placated by the amendments to the bill circulated in advance of the vote....
...A version of this article was first published by Nikkei Asia on June 8, 2022. ©2022 Nikkei Inc. All rights reserved....
...Karl Racine, the attorney-general for the District of Columbia, on Tuesday accused the company of charging third-party merchants fees of as much as 40 per cent of a product’s price to sell through its website...
...own payments network, the Merchant Customer Exchange; it failed)....
...“A good merchant is never, never over-promising,” said one official....
...Having sold a portion of energy production in advance, the outages meant “the company had to purchase these volumes to fulfil its supply obligations” at prices of up to $9,000 a MWh....
...“Amex is very much a leader in cards today with 40 per cent of small business cards in US, and beyond that, we have moved into merchant cash advances, small business lending, and cash flow management,” said...
...Regulators advance: TheCityUK, a business lobby group, has called for an overhaul of fintech regulation, according to Finextra....
...The talks did not advance far beyond preliminary stages....
...It leaves the boutique advisory firm he set up in 2010 looking more like the merchant banks that ruled Wall Street decades ago....
...A version of this article was first published by Nikkei Asia on January 19. ©2021 Nikkei Inc. All rights reserved....
...A version of this article was first published by Nikkei Asia on December 16, 2020. ©2020 Nikkei Inc. All rights reserved....
...Mastercard works with 20,000 banks globally, and millions of merchants. It's not only merchants and banks who have to adopt the system, though, regular people need to get it and want it too....
...Before joining the new advisory boutique and merchant bank, McIvor was vice-chairman of M&A at Bank of America Merrill Lynch....
...Lends primarily to merchants which use Square for payments; deducts sums owed directly from payment flows. Average loan size $6,000....
...New World, Inc: How England’s Merchants Founded America and Launched the British Empire, by John Butman and Simon Targett, Atlantic Books RRP£25, 406 pages Michael Auslin is the author of ‘The End of the...
...In a statement on Thursday, Mastercard said that it expected to increase reserves by $210m “as a result of advances in negotiations” with merchants, while Visa said it had deposited $600m into a litigation...
...Total payment volume came in at $131bn for the quarter, 32 per cent higher year-over-year, thanks to a 36 per cent advance for its merchant-services business, which accounted for the bulk of overall payments...
...He also recently joined the Volcker Alliance, a non-partisan group that aims to advance effective management of government....
...The S&P 500 gained 0.2 per cent for the week, its seventh consecutive weekly advance, the longest such streak for the benchmark index since 2014....
...Grain middlemen have struggled as bumper harvests depress prices, leaving farmers reluctant to sell and customers wary of paying a premium for advance supplies....
...That’s the one that allows, effectively, an issuing bank to authorise a transaction that a merchant is requesting....
...The US, for its part, is worried about both Chinese and Russian advances in Southeast Asia....
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