World Bank launches first bond instrument built on a blockchain with the Australian Bank

The World Bank has launched the first bond on a blockchain with the Commonwealth Bank of Australia. The A$110 million ($87 million) bond-i (blockchain operated new debt instrument) — so named, I’m assuming, because of Australia’s famed Bondi Beach (bankers have the funnies!) — is the first bond to be…

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Lending startup Portal Finance nabs $200 million for small business loans in Latin America

Latin American small businesses just got a big boost with a new commitment for a $200 million lending joint venture between the Bogota-based startup Portal Finance and Latin America’s largest financial services institution, BTG Pactual. For Portal Finance, the deal with BTG caps a meteoric rise, which has seen the…

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A new foreign investment bill will impact venture capital and the US startup ecosystem

Bobby Franklin President Trump’s time in office has been punctuated by rising tension with China on a host of economic issues. He’s received bipartisan criticism for the impact of tariffs on Chinese goods and the resulting retaliation against American exports. These concerns led to passage of the Foreign Investment Risk Review…

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Credit Karma acquires mortgage platform Approved

Credit Karma, the service best known for providing free credit score monitoring and other financial advice (mostly to millennials), is getting into the mortgage business. The company today announced that it has acquired Approved, a mortgage platform that brings modern technology to a process that even today often still involves faxing…

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Banks Arent as Safe as They Think

In the decade since the collapse of Lehman Brothers, regulators around the world have taken steps which, they argue, have greatly strengthened the resilience of the financial system. Buoyant asset prices and rising bank shares suggest that investors largely believe them. Unfortunately, the effectiveness of these measures remains uncertain. That…

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Crossrail running 600m over budget

Image copyright PA Image caption Jo Johnson said the project was 93% complete However, think tank IPPR North said the announcement about the increased funding will be “poorly received by people in the north… who are yet to see the investment that we need.” Liverpool City Region mayor Steve Rotheram…

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Gusto raises $140 million to go after small business payroll and benefits with more gusto

Gusto, which sells payroll, benefits and human resources management and monitoring services to small businesses, has raised $140 million in its latest round of funding. The company said it will use the money to add new services to increase payment flexibility for employees. The company launched a new service called…

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You won’t be able to transfer money to your friends on Snapchat after this summer

You won't be able to send money to your friends on Snapchat after this summer.Image: MASHABLE COMPOSITE. SNAPCHAT The days of Snapchat‘s peer-to-peer payment service Snapcash are numbered. Snapchat will officially end its mobile payment service on Aug. 30, according to buried code within the Android app uncovered by TechCrunch. …

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Toys ‘R’ Us Said To Be Preparing To Liquidate All Its U.S. Stores After Bankruptcy

For millions of Americans who made countless visits to Toys “R” Us as kids, they’ll likely be saying goodbye to the beloved toy store in the near future. Back in September, the retailer filed for Chapter 11 bankruptcy in an effort to deal with its $5 billion dollar debt load,…

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