30 January, 2017 by The TZ Newswire Staff Comments Off on UBS: China’s Debt Bubble Is Reaching Dangerous Proportions
UBS: China’s Debt Bubble Is Reaching Dangerous Proportions
From Tyler Durden: Nearly three years ago, Morgan Stanley may have jumped the shark (a little) when its strategists Cyril Moulle-Berteaux and Sergei Parmenov declared that China’s Minsky Moment has arrived.
30 January, 2017 by The TZ Newswire Staff Comments Off on Nyca Partners Raises $125M For Second FinTech VC Fund
Nyca Partners Raises $125M For Second FinTech VC Fund
Nyca Partners, the venture capital firm focused on the FinTech market, raised $125 million for a second fund. According to a report, Hans Morris, the former Visa president turned venture capitalist, created Nyca Partners in 2014, launching a $30 million fund. The fund invested in a slew of FinTech startups, including Lending Club, SigFig and Orchard.
30 January, 2017 by The TZ Newswire Staff Comments Off on MoneyGram CEO On Ant Financial — And The Transformation of Payments
MoneyGram CEO On Ant Financial — And The Transformation of Payments
In 2015, $582 billion was sent by migrants to relatives in their home countries. Of that total amount, nearly a quarter (23 percent), or $133.5 billion, originated from the United States. It’s a big deal, but it is mostly an area of financial services that goes wholly unnoticed except by the population that use and rely on it. The remittance business is massive and massively important to the individuals and the countries that receive them, but in the face of other retail payments innovation, they keep a relatively low profile.
30 January, 2017 by The TZ Newswire Staff Comments Off on Treasury And The Evolving Role Of Cash Management
Treasury And The Evolving Role Of Cash Management
Used to be that managing a company’s liquidity and cash position was a matter of reconciling disparate bank accounts at the end of the day. The role has evolved, along with the complexities of global supply chains and doing business across multiple currencies.
30 January, 2017 by The TZ Newswire Staff Comments Off on World’s Richest Men Say Everything Will Be Fine
World’s Richest Men Say Everything Will Be Fine
The world’s two wealthiest men recently expressed to a crowd of over 1,300 at Columbia University that they have hope for the future of the United States as the nation adjusts to the Trump administration.
The two were speaking to a group of students on the future after Donald Trump’s first week as president. Many are concerned about the future status of the nation.
“I am confident that America will move ahead,” Buffett was quoted as saying.
30 January, 2017 by The TZ Newswire Staff Comments Off on Retail Stocks Take A Hit On GDP And Trump’s Mexico Wall
Retail Stocks Take A Hit On GDP And Trump’s Mexico Wall
Retail stocks took a hit in trading late last week after GDP numbers came in lower than expected and concerns reverberated about a potential trade war with Mexico as President Trump battles it out with Mexico over covering the cost of his wall.
In trading Friday (Jan. 27), a slew of retail stocks declined, including Stein Mart, Express, Guess, Nordstrom, Gap, L Brands, Francesca’s, Abercrombie & Fitch, JCPenney, Kohl’s and a host of others.
30 January, 2017 by The TZ Newswire Staff Comments Off on TSYS Names Barclaycard Executive As President Of Merchant Solutions
TSYS Names Barclaycard Executive As President Of Merchant Solutions
TSYS announced Friday (Jan. 27) it named Philip McHugh as senior executive vice president and president of Merchant Solutions, effective as of May 1.