Source: Investing.com
https://www.investing.com/news/stock-market-news/mastercard-battles-return-of-19-billion-uk-class-action-2456606
Loblaw Companies announces senior management changes as President, Sarah Davis, retires, and Galen G. Weston returns as Chairman and President
Source: Benzinga
BRAMPTON, ON , March 23, 2021 /CNW/ – George Weston Limited (“GWL” or “George Weston”) (TSX: WN ) and Loblaw Companies Limited (“Loblaw”) (TSX: L ) jointly announced today the upcoming retirement of Loblaw President, Sarah Davis , on May 6, 2021 . She will be succeeded by Executive Chairman, Galen G. Weston , who will become Chairman and President in addition to his current role as Chairman and CEO at GWL. The companies also announced that Robert Sawyer will join Loblaw as Chief Operating Officer (“COO”) and that Richard Dufresne , President and Chief Financial Officer (“CFO”) of GWL, will expand his responsibilities to include becoming CFO of Loblaw on May 6, 2021 . “In light of George Weston’s strategic decision to focus on retail and real estate which was announced today, Sarah and I agreed that now is the right time for her to pursue her plans for an early retirement, which she first shared with me upon becoming President in 2017,” said Galen G. Weston . “Sarah has made an invaluable contribution to the company and I appreciate her leadership over the last 14 years.
These Are The Biggest (Public) Holders Of Bitcoin
Source: Zero Hedge
These Are The Biggest (Public) Holders Of Bitcoin As Ray Dalio and Rana Faroohar recenly noted , Bitcoin isn’t so much a bubble as “the last functioning fire alarm” warning us of some very big geopolitical changes ahead,” and 2021 has seen an increasing number of investors (large and small) begin to recognize that reality). In fact, as BofA notes in a lengthy treatise on bitcoin’s “dirty little secrets”, institutional demand has become more active in the past year… With supply capped by design and supply growth built to halve every so often, the various swings in Bitcoin demand in recent years have been key to price changes. While there is no single way to split Bitcoin demand, we would differentiate between retail, whale/institutional, and illicit activity demand for crypto assets. For example, institutional announcements in the past year have led to major price increases (Exhibit 5), as a number of household names like Tesla, Square, and PayPal have incorporated Bitcoin into their businesses either as a treasury holding or as a means of payment.
Bitcoin Market Cap Is Now More Than Mastercard and Visa Combined
Source: Goodreturns
Bitcoin’s (BTC) price dropped on Thursday, along with U.S. stocks and oil prices, as Treasury yields reached their highest levels in a year. Bitcoin briefly hit $60,000 on Thursday morning but was unable to sustain that price volume. Bitcoin’s market capitalization has
Today In B2B: Mastercard Boosts Invoiced AR Tech; Amazon Business Prime Links With InsurTech
Source: PYMNTS
Today in B2B payments, Mastercard teams up with Invoiced to deepen the connection between accounts payable and accounts receivable, while Amazon Business Prime announces an InsurTech partnership. Plus, PayFit secures funding for its payroll technology, Sapiens collaborates on healthcare B2B payments and SPACs raise a record-breaking quarterly sum. Invoiced, Mastercard Team on SMB Reconciliation PayFit […]
Invoiced, Mastercard Team On SMB Reconciliation
Source: PYMNTS
Invoiced teams with Mastercard to automate reconciliation for smaller businesses’ accounts payable.
Three ways for your business to avoid the Visa and Mastercard Brexit price hikes
Source: Evening Standard
Big rises in charges have angered merchants in the EU but there are alternatives
Morgan Stanley to offer to wealthy clients bitcoin fund access — a first for a major US bank
Source: Business Insider
Summary List Placement Morgan Stanley is set to become the first major American bank to offer its wealth management clients access to bitcoin funds, CNBC reported Wednesday. This will allow certain clients ownership of the cryptocurrency. The investment bank told its financial advisor in an internal memo on Wednesday about its plan to launch three funds. Two will be run by Galaxy Digital, the crypto firm founded by Mike Novogratz, while one will be jointly managed by FS Investments, an asset manager, and NYDIG, a bitcoin company. The announcement comes amid a wave of institutional investors throwing their weight behind bitcoin, which has hit new highs of $61,742 on March 13. Banks, however, have mostly stayed on the sidelines even as major companies such as Tesla and MasterCard announce their support for the digital asset. Morgan Stanley is the first among the six biggest US banks to offer their clients access to bitcoin. The people CNBC spoke to said the move came after clients demanded exposure to the popular token.
Today In Payments: Olo’s IPO To Raise $450M; Chime Preps For IPO, Valuation Could Reach $30 Billion
Source: PYMNTS
In today’s top news, Olo is expected to raise $450 million in its initial public offering (IPO), and Chime could IPO within the year. Plus, Mastercard and Visa have postponed their planned interchange fee hikes. Olo Prices Shares At $25 – IPO To Raise $450M ResTech platform Olo priced its stock at $25 a share […]
Visa to join Mastercard in hiking interchange fees for UK shoppers
Source: Daily Mail Online
Regulators have been urged to crack down on ‘profiteering’ by Britain’s two largest card providers after Visa appeared to be joining Mastercard in massively hiking interchange fees this year.
