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Capital One Disclosed Inquiry Into Anti-Money Laundering Practices

PYMNTS

Capital One Financial disclosed in a Securities and Exchange Commission filing last week that it’s being investigated by the New York District Attorney’s Office, the Justice Department and the Financial Crimes Enforcement Network of the Treasury Department for its anti-money laundering program. That all changed with the filing late last week.

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Searching for the Priceline of Fintech after Lending Market Meltdown Week

Bank Innovation

You could have bought Priceline stock below $10 in 2001. For many years you had little to show for it. From then until 2008, you had some appreciation, but not much. Then the stock shot up above $1,000 (as of writing it is $1,261). Yes that is 100x return from Read More.

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Investor Group, Including Amazon, Buys Disney’s $3.47B Stake In YES Network

PYMNTS

Additional equity investors include RedBird Capital, funds managed by Blackstone’s Tactical Opportunities business, and Mubadala Capital. We look forward to working with our strategic partners and our investors — RedBird Capital, Blackstone and Mubadala Capital — to expand the network in innovative and exciting ways.”.

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Street Cred: How One Spa Entrepreneur Is Navigating The COVID-19 Crisis

PYMNTS

She has capitalized on her experience by changing directions. It was so successful that she expanded in 1998 and then again in 2001. Assistant Secretary of Commerce. Hampers could have retired right there and been quite accomplished. But a slew of Boston area residents are thankful that she hasn’t.

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Turkey’s PayCore Snags New Majority Investor Amid Digital Payments Boom

PYMNTS

Mediterra Capital is expanding its portfolio with a big new investment that will give the top Turkish private equity firm a stake in the country’s fast-growing digital payments sector. Launched in 2001, PayCore notes that more than a million POS terminals in Turkey operate with software developed and provided by the company.

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Solve This Problem with Your Strategic Horizon

South State Correspondent

Strategic Horizon and Capital As mentioned, the problem that bank’s often run into when it comes to strategic planning is their time horizon is too short. The fundamental problem is a bank’s implied average life of capital is long, some 18+ years, but their strategic horizon is too short – likely under three years.

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PingPong To Enter Europe Via $113M Investment

PYMNTS

Luxembourg had already passed a bill to legally issue “dematerialized securities” in April 2013 through an amendment to a 2001 securities law.