Remove tag trade deal
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Brexit Trade Deal Flop Could Mean $80 Billion Price Tag For Businesses

PYMNTS

New analyst estimates say the cost of Brexit without a negotiated trade deal will cost businesses on both sides of negotiations billions of dollars. According to news from The Independent on Monday (March 12), a “no-deal Brexit” would cost both U.K. from making trade deals with other countries, reports explained.

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LendingClub and Morgan Stanley, A Tale of Two Bank Deals

PYMNTS

Call it a tale of two bank deals. The stories come with significantly different price tags: $185 million and $13 billion. The LendingClub Deal. More immediately, the deal would give LendingClub a cheaper funding source for its loan business — last year, the company originated more than $12.3 The Morgan Stanley Deal.

Banking 97
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Today In Payments: Google Reports Resurgence In Pandemic Hacking; Tech Cos Make M&A Deals

PYMNTS

In today’s top news, Google reported a resurgence of hacking and phishing attempts in April, and tech companies are making deals at their fastest pace since 2015. Tech Cos Making M&A Deals Amid Pandemic. Plus, Samsung and SoFi have partnered to offer a new mobile money management tool.

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FTC Launches Antitrust Probe Into Apple-Amazon Deal

PYMNTS

The Federal Trade Commission is reportedly carrying out an antitrust investigation surrounding a partnership between Apple and Amazon , according to The Verge. The tech giants made a deal last year which would allow Apple to sell its products directly to consumers through an official store on the Amazon site.

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Ghana To Adopt West African ‘Eco’ Currency

PYMNTS

Under the deal, African countries in the bloc will not have to keep half of their reserves in the French Treasury, and a French representative will no longer sit on the currency union’s board,” Reuters said. Ghana is not part of the West African Economic and Monetary Union (UEMOA), which is largely comprised of former French colonies.

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Payment Firm Moneycorp Acquires Australia’s Rochford Group

PYMNTS

That deal marked the company’s first foray into the South American market. million transactions and traded £35.5 The companies did not disclose the price tag of the deal, but moneycorp did say it would pay 20 percent using cash on hand. A payments service provider based in the U.K., The company said it took care of 5.9

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Russia in Ukraine: Let Loose the Dogs of War!

CFO News Room

The graph below shows the sovereign spreads for Russia and Ukraine in the weeks leading up and including the conflict: The sovereign CDS spread for Russia, which started the year at 1.70% soared above 25%, just after hostilities commenced, and were trading at 10.56% on March 16, after rumors that peace talks were underway brought them down.

Economics 130