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The Swedish company announced Monday (July 6) that it had applied to the Utah Department of Financial Institutions and the Federal Deposit Insurance Corporation (FDIC) to establish Klarna Bank USA, its proposed Utah-chartered industrial bank. “Banking is built on trust,” Sebastian Siemiatkowski, co-founder and CEO of Klarna, said in a news release. “We’ve seen firsthand the appetite for…
For RIAs contemplating a sale of their business and looking for a way to obtain a quick valuation, there’s now a free online service for that. Processing Content The valuation consultant FP Transitions this week introduced what it’s calling its Estimated Value Index to help give advisors a better idea of what their firms could…
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Steve Jobs is regarded as one of the most visionary corporate leaders in recent history, but his handpicked successor, Tim Cook, may have been even more important to Apple‘s (AAPL +0.29%) success. Jobs resigned as CEO in August 2011, recommending Cook as his replacement. The board immediately approved Cook as CEO, and he’s served in…
(Bloomberg) — Warren Buffett is ramping up the pace of his annual donations of Berkshire Hathaway Inc. shares to charitable organizations run by his three children, putting him on track to completely dispose of his stake in the company over the next eight years. For the first time in two decades, Buffett decided to skip…
Andy Burnham has taken power with remarkably little scrutiny – no general election, no contest for the leadership of his party, and no form of questioning in Parliament. A few sound bites aside, we have very little idea of what his plans are. Instead, over his first week, he made a series of small announcements,…