After all innovation typically moves faster than regulation and the growing strain between traditional banks and future-fit fintech and crypto firms can also be in part chalked up to the inevitable consequence of outdated regulatory frameworks stricter know your customer kyc and anti-money laundering aml standards as well as heightened fraud risks that report said. Recommended bears bulls and regulations shape cryptos aspirations big lots long road ahead: discount retailer faces challenges.
despite acquisition fdic rates banks outstanding in cra compliance algeria cell phone number list falconx acquires arbelos to expand crypto derivatives business see more in: bitcoin blockchain cross-border payments crypto cryptocurrency digital assets fintech markets in crypto-assets mica news pymnts news regulations stablecoins stock market big lots faces challenges despite acquisition by pymnts january big lots big lots a once-dominant player in the discount retail sector faces an uncertain future following an acquisition by gordon brothers retail partners.
The agreement finalized dec. Ensures hundreds of big lots stores will remain operational as the assets of the bankrupt retailer are transferred to other entities including variety wholesalers. Under the new ownership structure variety wholesalers will take over to big lots locations maintaining the brand and continuing operations along with up to two distribution centers. For big lots the deal with gordon brothers offers a lifeline after a turbulent year marked by financial struggles and declining sales.
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