Fintech nightmare: ‘I have nearly $38,000 tied up’ after Synapse bankruptcy

A dispute between a fintech startup and its banking partners has ensnared potentially millions of Americans, leaving them without access to their money for nearly two weeks, according to recent court documents. Since last year, Synapse, an Andreessen Horowitz-backed startup that serves as a middle man between customer-facing fintech brands and FDIC-backed banks, has had disagreements with several […]

Italy’s Eni likely to finalise Enilive stake sale by year-end, CEO says

Italian energy group Eni expects to complete the sale of a minority stake in its biofuel unit Enilive by the end of 2024, Chief Executive Claudio Descalzi said on Monday. “The (sale) plan is in progress, there are still issues that are being discussed… our goal is to close by the end of this year, (talks) have accelerated,” […]

S.Korea system to detect short-selling to be ready Q1 2025, watchdog says

A new South Korean stock market monitoring system to detect illegal short-selling is expected to be implemented from the first quarter of 2025, Lee Bok-hyun, governor of the Financial Supervisory Service, said in a radio interview on Monday. The new mechanism, which was proposed in April, has been touted as a prerequisite in order to lift […]