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...But, of course, there’s a reason why it’s widely called Shitibank; the sprawling, gormless Citi has for a v v v very long time proven adept at blithely ambling onto various rakes around the world....
...Activist investor Elliott Management’s stake in PayPal last year was a criticism of chief executive Dan Schulman. He has led the company since its split from eBay....
...It has been on the hunt for a new boss since February, when incumbent Dan Schulman announced he would step down at the end of this year. The vacancy at the top comes at a delicate time....
...“The shift towards digital currencies requires a stable instrument that is both digitally native and easily connected to fiat currency like the US dollar,” said Dan Schulman, chief executive of PayPal....
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...in a statement....
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...Email me your thoughts at sid.v@ft.com. Latest news Amy Kazmin in Rome has a fascinating piece on why Giorgia Meloni is pushing back on Italy’s shift to digital payments....
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...The Korean Wave opens September 24, V&A ‘Make, Break, Remix: The Rise of K-Style’ by Fiona Bae, (Thames & Hudson), will be published in the UK & Ireland on 22 September 2022...
...“Under the current circumstances, we are suspending PayPal services in Russia,” said chief executive Dan Schulman....
...The same collection also lent the V&A a gold and enamel box, and both have been retained in Britain. So this is a tricky one: do those objects count as public art, or as pieces of private wealth?...
...Reach out to me (imani.moise@ft.com) or Sid (sid.v@ft.com) to let us know. Happy reading!...
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