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klarna gets a full banking license, gears up to go beyond financing payments


 after anders holch povlsen and his firm brightfolk bought up a stake of at least $225 million in klarna earlier this month, today the profitable swedish payments startup, now valued at over $2.25 billion, is stepping up its game. klarna has announced that it has picked up a full banking license from finansinspektionen, the swedish financial supervisory authority. the license will give… read more






fashion magnate takes $225m+ stake in swedish payment unicorn klarna


 payments startup klarna is ramping up its valuation again as it picks up a new, strategic investor. last valued at $2.25 billion in 2015, the company today announced that brightfolk, controlled by fashion tycoon anders holch povlsen, is becoming a “qualified owner” of klarna — that is, buying up at least 10 percent of the company. this is a secondary deal: specifically,… read more






what motivates homeowners to seek second mortgages?


first mortgages are a common way to finance the purchase of a residential property. this strategy makes it possible to pay the seller in full and then make a series of installment payments to a lender until the debt is repaid. while some homeowners never look at any additional financing involving the home, others take […]






klarna buys billpay, the paypal of germany, for $75m from wonga


 some chopping and changing is afoot in the world of payments in europe. today, klarna, the payments startup out of sweden, confirmed that it has acquired billpay, a payments company based in germany, from its previous owner wonga, the startup that once achieved notoriety for predatory payday loans. the companies are not disclosing the value of of the deal, but a couple of reports from over… read more






klarna buys billpay, the paypal of germany, for $75m from wonga


 some chopping and changing is afoot in the world of payments in europe. today, klarna, the payments startup out of sweden, confirmed that it has acquired billpay, a payments company based in germany, from its previous owner wonga, the startup that once achieved notoriety for predatory payday loans. the companies are not disclosing the value of of the deal, but a couple of reports from over… read more






klarna buys billpay, the paypal of germany, for $75m from wonga


 some chopping and changing is afoot in the world of payments in europe. today, klarna, the startup out of sweden that works with online merchants to enable flexible payment options, confirmed that it has acquired billpay, a payments company based in germany, from its previous owner wonga, the startup that once achieved notoriety for predatory payday loans. the companies are not disclosing… read more






as he gears for re-election, freeman confronts the racial divide


jamar clark decision shadows freeman as he gears for reelection






as he gears up for re-election, hennepin county attorney mike freeman confronts


jamar clark decision shadows freeman as he gears for reelection






fashion magnate takes $225m+ stake in swedish payment unicorn klarna


 payments startup klarna is ramping up its valuation again as it picks up a new, strategic investor. last valued at $2.25 billion in 2015, the company today announced that brightfolk, controlled by fashion tycoon anders holch povlsen, is becoming a “qualified owner” of klarna — that is, buying up at least 10 percent of the company. this is a secondary deal: specifically,… read more






monzo, a uk digital-only challenger bank, granted full banking license


 monzo, one of a number of so-called “challenger” banks in the u.k. aiming to re-invent the current account, has had the “restrictions” on its banking license lifted and says it will begin rolling out full current accounts to its pre-paid card and beta app users. read more






zelle, the real-time venmo competitor backed by over 30 u.s. banks, arrives this


 the u.s. banking industry’s answer to venmo has now arrived. starting this month, a new, person-to-person payments network called zelle will roll out to the over 86 million mobile banking customers here in the u.s., promising a faster form of digital payments compared with apps like paypal, venmo, square cash, and others. instead of transfers taking place overnight or after a couple of… read more






senate banking panel votes in favor of clayton’s sec nomination


the u.s. senate banking committee voted on tuesday to advance jay clayton’s nomination as the next head of the u.s. securities and exchange commission to the full senate for approval. the committee voted 15 to 8, with some democrats including massachusetts senator elizabeth warren and sherrod ...






merlon intelligence raises $7.65 million in seed financing to combat money laund


 flightcaster, prismatic and now merlon intelligence. bradford cross, founder of the venture capital firm data collective is a known figure in the ranks of vcs who have caught the entrepreneurship bug, abandoning what could have been a cushy lifestyle for one with considerably more volatility. his third startup, merlon intelligence, services banks, helping them cut down on risk and put a… read more






merlon intelligence raises $7.65 million in seed financing to combat money laund


 opendoor, oscar health, palantir and now merlon intelligence. bradford cross, founder of the venture capital firm data collective is joining the ranks of vcs who have caught the entrepreneurship bug, abandoning a cushy lifestyle for one with considerably more volatility. his latest startup, merlon intelligence, services banks, helping them cut down on risk and put a stop to money laundering. read more






milpitas letters to the editor for march 10:


ethical banking dear editor, one of the four banks the city of milpitas uses for short-term deposits is wells fargo. besides being a too-big-to-fail bank, it is financing the dakota access pipe line (dapl). those of us who care about the future of the planet are working to stop that ill-conceived project. across the nation, […]






lloyds bank jumps onboard microsoft's windows hello secure payment tech


microsoft joins forces with lloyds banking group for more secure payments via windows hello.






police hold 1 in belgium over terror financing probe


belgian authorities are holding one person in custody after launching raids in two locations in connection with a terror financing probe.






is fox in the doghouse with the feds over payments made by former fox news ceo r


whether rupert murdoch’s 21st century fox lands in hot water with federal prosecutors over payments made to resolve sexual harassment claims at fox news could boil down to a few key issues: were murdoch and other high-level corporate officers aware of the payments, and did they conspire to shield...






china arrests 800 in crackdown on underground banking


more than 800 people have been arrested in a crackdown on unlicensed banking operations as beijing tries to stem outflows of money from the country, the police ministry says.






europe-wide raids against suspects in online banking fraud


police in three european countries have raided homes and offices linked to a gang of suspected cyberthieves that targeted online banking customers in germany.






feds sue unitedhealth over medicare payments


the government alleges that united failed to correct patient data in ways that would have reduced payments to the insurer.






deal: google offers $75 off pixel or pixel xl when spending $750 or more with fi


the google store is offering a $75 discount for its pixel phones if you purchase one for $750 and over via its financing plan.






pentagon joins probe of michael flynn payments


us president trump's fired national security answer is being investigated over payments from foreign sources.






sunnyvale approves financing program for energy projects


authorization of the property assessed clean energy financing program to operate in sunnyvale was approved unanimously during the council’s june 6 meeting.






cleveland oks last chunk of financing to upgrade cavs' arena


cleveland officials have committed the final chunk of financing for $140 million in upgrades planned at the cavaliers' home arena.






pentagon probing former trump aide over payments


former national security adviser michael flynn was warned not to accept foreign government payments, documents show






china arrests 800 in crackdown on underground banking


china's policy ministry says more than 800 people have been arrested in a crackdown on unlicensed banking operations as authorities try to stem outflows of money from the country.






insider q&a: ceo of the consumer bankers association


a slew of banking issues are on the agenda in washington right now, from proposals to roll back some of the regulations implemented after the financial collapse a decade ago to questions over the structure of the consumer financial protection bureau. wells fargo is still in the headlines, feeling more repercussions from its scandal over fake accounts. banks are also facing pressure from silicon valley, which has looked to scoop up business in things like payments and student loans.






security vendors find banking malware, spyware on google playsecurity vendors fi


daily video: security vendors warn of banking malware, spyware on google play; oracle patches 299 vulnerabilities in april critical patch update; docker takes aim at modernizing traditional enterprise applications; and there's more.






55% off gears of war 4 for xbox one - deal alert


a new saga begins for one of the most acclaimed video game franchises in history. after narrowly escaping an attack on their village, jd fenix and his friends, kait and del, must rescue the ones they love and discover the source of a monstrous new enemy. in gears of war 4 for xbox one, enjoy two-player co-op with friends locally via split-screen or over xbox live. player 2 can select either kait or del. team up with four others and battle wave after wave of increasingly difficult enemies by choosing your combat class, leveling up your skills and deploying fortifications anywhere on the map. compete online in new and favorite game types, all at 60fps on dedicated servers. a new visible ranking system means fairer matchmaking for social, competitive and professional players alike. the typ






how increased banking regulations undercut federal pretense at helping small bus


if small businesses really are struggling to get credit, fewer banking options likely makes that struggle more intense. the consumer financial protection bureau is counterproductive.






kingco tax payments go astray


several dozen homeowners have complained their payments made around april 26 were never recorded with the county. officials are investigating.






republicans launch effort to roll back dodd-frank banking regulations


rep. jeb hensarling on wednesday launched what is expected to be a protracted fight over easing banking regulations by pointing to who hasn't been supporting his effort: big wall street banks.






barclays bank ahead of schedule in recovery plan


banking group barclays said thursday it will complete its restructuring plan six months early as it sheds risky assets and focuses on consumer, corporate and investment banking in new york and london.






feds sue unitedhealth over medicare payments


agency says insurer inflated medicare payments through “one-sided” chart reviews.