Mexican Unifin’s debt restructuring is negative for other financial companies, Moody’s says

Signage is seen outside the Moody’s Corporation headquarters in Manhattan, New York, US, November 12, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register MEXICO CITY, Aug 12 (Reuters) – Mexican leasing firm Unifin’s debt restructuring is credit negative and could reflect tight refinancing conditions for Mexican financial institutions, Moody’s rating agency … Read more

Analysis: Bruised by a valuation freefall, payments companies brace for M&A

Italy’s Nexi draws takeover interest -sources Billtrust owner, Paya reviews strategic options – sources Valuation gap is narrowing amid market turmoil LONDON/NEW YORK, Aug 12 (Reuters) – Battered by a near 50% plunge in its shares over the last 12 months, Nexi (NEXII.MI), Europe’s biggest payments processor, has not gone unnoticed. Earlier this year, the … Read more

SoftBank plans Vision Fund job cuts after record net loss

SoftBank was in a bubble on valuations – Son No sacred areas for cost cuts – Son SoftBank has exited stake in Uber Announced Y400 monthly share buyback TOKYO, Aug 8 (Reuters) – SoftBank Group Corp (9984.T) is planning to cut headcount at its flagship Vision Fund investing arm, CEO Masayoshi Son said on Monday, … Read more

Macquarie nearing $2.5 billion deal for Suez’s UK waste business, Bloomberg reports

The logo of Australia’s biggest investment bank Macquarie Group Ltd adorns a desk in the reception area of ​​its Sydney office headquarters in Australia, Oct. 28, 2016. REUTERS/David Gray/File Photo Register now for FREE unlimited access to Reuters.com Register Aug 7 (Reuters) – French waste and water management company Veolia Environnement SA is nearing a … Read more

Berkshire CEO-designate Abel sells stake in energy company he led for $870 million

Gregory Abel, the CEO of Berkshire Hathaway Energy and who is designated to succeed Warren Buffett as Berkshire CEO, walks through the crowd at the first in-person annual meeting since 2019 of Berkshire Hathaway Inc in Omaha, Nebraska, US April 29, 2022. REUTERS/Scott Morgan Register now for FREE unlimited access to Reuters.com Register Aug 6 … Read more

India’s Pine Labs eyes $4-5 billion in monthly payments volume from new business

MUMBAI, Aug 5 (Reuters) – India’s Pine Labs is targeting $4 billion to $5 billion in monthly transactions within two years for its new online payments business, its chief executive told Reuters. At that point, online payments should contribute 20% of revenue, Pine Labs chief executive Amrish Rau said, disclosing the company’s targets for the … Read more

Thomson Reuters raises sales outlook on core business strength in slowing economy

The Thomson Reuters logo is seen on the company building in Times Square, New York, US, January 30, 2018. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com Register NEW YORK, Aug 4 (Reuters) – Thomson Reuters Corp (TRI.TO) reported higher second-quarter operating profit on Thursday and raised its full-year revenue forecast, citing … Read more

Global Payments to acquire EVO in $4 billion deal to boost B2B segment

REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Aug 1 (Reuters) – Global Payments Inc (GPN.N) said on Monday it would buy smaller peer EVO Payments Inc (EVOP.O) for nearly $4 billion including debt, as the fintech firm seeks to expand its footprint in the business- to-business (B2B) space. Companies such as … Read more

UK financial watchdog fines three former Carillion executives

Financial Conduct Authority’s (FCA) logo is seen at their head offices in London, Britain March 10, 2022. REUTERS/Toby Melville Register now for FREE unlimited access to Reuters.com Register LONDON, July 28 (Reuters) – Britain’s financial watchdog said on Thursday it has fined three former executives of Carillion for “recklessly” publishing misleading financial statements before the … Read more

EXCLUSIVE Business payments firm Billtrust up for sale -sources

NEW YORK, July 27 (Reuters) – BTRS Holdings Inc (BTRS.O), the owner of business payments vendor Billtrust, is exploring options that include a potential sale, according to people familiar with the matter. The Lawrenceville, New Jersey-based company is working with an investment bank as it considers its alternatives, the sources said. A sale to a … Read more