 |
Mfgc Will EMV Tempt iZettle To Enter The US Market
The Italian bank Aigis went belly up following the Greensill Capital debacle involving GFG Alliance invoices [url=https://www.cups-stanley-cups.us]stanley us[/url] , Financial Times FT reported on Monday May 24 .Aigis, based in Milan, was a specialty lender for small to medium businesses SMBs . The Bank of Italy ordered that the lenders assets and accounts be sold to its competitor Banca Ifis, also a specialty lender for SMBs. The intervention of Banca Ifis will protect the savings of retail customers, guarantee continuity of finance to businesses and safeguard jobs, Banca Ifis CEO Frederik Geertman said in a statement, per FT.Greensill Capital loans money to suppliers based on the value of their outstanding invoices minus a discount. The loans are then packaged into notes and sold to investors and banks, which reportedly included Sanjeev Guptas Aigis formally known as metals group GFG Alliance .The Italian banks problems were reportedly connected to invoice investment products purchased from Greensill, sources told FT. Some investments included receivables-backed notes connected to Guptas GFG.Greensills collapse was in part triggered by Sanjeev Guptas GFG Alliance, which depended on Greensill for financing. GFC, a metals conglomerate, defaulted on its debt to Greensill and is now struggli [url=https://www.stanleycups.co.nz]stanley nz[/url] ng to stay in business, FT reported.The assets Banca Ifis acquired from Aigis include nearl [url=https://www.cup-stanley-cup.ca]stanley canada[/url] y ?00 million over $366 million in SMB loans and ?40 million nearly $540 million in customer deposits.The U.K.s Financial Conduct Authority FC Sexd Wells Fargo Mixed 3Q Shows Some Traction In Cards
Daily-deal company Groupon Inc. this week reported a 26 percent increase in first-quarter revenue. But the company still experienced a $20 million net loss in operations during the period, due largely to marketing and other costs.Total revenues for the period ended March 31 were $757.6 million, up from $601.4 million a year ea [url=https://www.stanleycup.pl]stanley cup[/url] rlier. The net loss for the quarter compared with a $21.2 million loss a year ago. The net loss attributable to Groupon Inc. was $37.8 million, which compared with a $4 million net loss a year earlier, according to the companys earnings announcement.During a conference call with analysts, Eric Lefkosky, Groupon CEO and director, noted that the quarter represented another record for demand. Strategically, the company has never been in a better place, he said.Goals this year, he said, include reaccelerating local growth in North America and abroad, improving the gross margins and operating efficiency of the goods business, and continuing to achieve stability in international operations and reduce losses in the Rest of World segment, he said. We believe we are on course to achieve all three objectives by the end of 2 [url=https://www.stanleycups.us]stanley website[/url] 014 and have raised our full-year guidance accordingly, he said.Regionally, North American revenues totaled $431.1 million during the quarter, up 26.9 percent from $339.6 million. Europe Middle East and Africa revenues rose 25.6 percent, to $230. 9 million from $183.8 million [url=https://www.stanley-cup.us]stanley website[/url] , while Rest of World revenues totaled $95.7 million, up 22.5 perce |
