20 August 2017
visit www.avoka.com

Globeset in cash crisis - FT

01 November 2000  |  1889 views  |  0 Globeset in cash crisis - FT

The Financial Times is reporting that Texas-based Internet payments operator Globeset has laid off almost all its 300 staff and closed its international offices after a cash crisis.

The privately-owned company- whose backers include Deutsche Bank, American Express, Citigroup, and Chase Manhattan - is believed to be looking for a buyer for its technology, the paper reports.

The FT quotes an un-named employee at the company's Slough office as saying that almost all US staff had been sacked on Monday. "The UK office is closed," the source is reported as saying. "As of the end of today we will no longer have an office in the UK."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.niceactimize.comvisit www.abe-eba.eu

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
9809 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
8318 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
7886 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
7651 views 0 | 2 tweets | 1 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
7129 views comments | 15 tweets | 13 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job