April 17, 2025 - 12:42
In a significant move within the financial services sector, a private equity group has reached an agreement to potentially acquire an 80% stake in Barclays’ payments business over a seven-year timeline. This strategic partnership marks a notable shift in the competitive landscape of payment processing and financial technology.
The deal underscores the growing interest from private equity firms in the payments industry, which has seen substantial growth due to the increasing reliance on digital transactions. Barclays' payments division, known for its innovative solutions and robust infrastructure, presents a valuable opportunity for investment and expansion.
As the agreement unfolds, stakeholders will be closely monitoring the integration process and the impact on existing clients and operations. This acquisition could enhance the division's capabilities and drive further innovation in payment solutions, aligning with the evolving needs of consumers and businesses alike. The financial community is eager to see how this partnership will reshape the future of payment processing services.
June 13, 2025 - 21:32
Declining Business Tax Revenues Continue to Raise ConcernsSenate budget writers may be hopeful about future business tax revenues for the upcoming biennium, yet the figures from May reveal a troubling decline. Recent data indicates that business tax...
June 13, 2025 - 02:33
Brian Rolapp to Lead PGA Tour's New Commercial DivisionIn a significant move, Brian Rolapp, a prominent executive from the NFL, is set to transition to the PGA Tour as the inaugural CEO of its newly established commercial division. This appointment...
June 12, 2025 - 20:27
Complimentary Small Business Counseling Launches in Blowing RockBLOWING ROCK, NC — The Blowing Rock Chamber of Commerce is excited to introduce free small business counseling sessions, starting June 10. These sessions will be held biweekly on Tuesdays from...
June 12, 2025 - 10:03
Newport's Economic Leaders Introduce AI Resource for Local EnterprisesThe Newport Area Chamber of Commerce and the Newport Economic Development Commission (NEDC) are launching an innovative tool designed to support local businesses, landlords, and realtors. This new...