World Leaders Deny Wrongdoing After Pandora Papers Leak

Several world leaders have denied wrongdoing after being included in one of the biggest leaks of financial documents from offshore companies. The Pandora Papers investigation involved some 600 journalists of the International Consortium of Investigative Journalists (ICIJ) from a variety …

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Intuit Buys Mailchimp for $12 Billion

Tax and accounting software giant Intuit announced on Tuesday that it has agreed to purchase email newsletter platform Mailchimp in a $12 billion cash-and-stock deal. Intuit, which is known for owning financial and accounting software packages like TurboTax, QuickBooks, Mint, …

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PayPal Closes Deal to Acquire Japan’s Unicorn Paidy for $2.7 Billion

PayPal Holdings Inc. said that it has reached an agreement to acquire Japanese buy-now-pay-later (BNPL) payments platform Paidy for 300 billion yen ($2.7 billion). In a press release, the U.S. fintech giant announced the deal that is going to be …

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Indian Central Bank Orders Mastercard to Stop Issuing New Cards

The Reserve Bank of India (RBI) has ordered Mastercard to stop issuing prepaid, debit, or credit cards to domestic customers after authorities said that it failed to comply with the data storage rules of the country. In a statement, RBI …

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Financial Management Firm Seeks to Resign from Britney Spears Conservatorship Appointment

The wealth management firm Bessemer Trust has petitioned a Los Angeles judge to resign as appointed co-conservator for Britney Spears. Bessemer Trust filed the motion to withdraw from the arrangement on Thursday, citing Spear’s recent court testimony as driving their …

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Hong Kong Based Babel Finance Raises US$40 million as Asian Crypto Market Grows

Babel Finance, a Hong Kong-based cryptocurrency lender and asset manager, has secured US$40 million in funding on Monday from investors which include Sequoia Capital China, Zoo Capital, Dragonfly Capital, and Tiger Global Management. The US$40 million fundraisings exhibit the gaining …

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Crypto Trading Platform Binance Briefly Stopped Withdrawals of Bitcoin, Ethereum, and Dogecoin

Crypto trading platform Binance reported that it experienced errors with trading and briefly suspended withdrawals of Bitcoin, Ethereum, and Doge on May 10. “All withdrawals are temporarily suspended on #Binance. Rest assured our team is working on it. We apologize …

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