22 January 2018
visit www.ebaday.com

Globeset in cash crisis - FT

01 November 2000  |  1933 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)
visit www.fivedegrees.nlvisit www.thomsonreuters.infovisit www.capgemini.com

Top topics

Most viewed Most shared
Europe begins Open Banking era in subdued styleEurope begins Open Banking era in subdued...
13240 views comments | 33 tweets | 38 linkedin
BofA leads on blockchain patentsBofA leads on blockchain patents
8446 views comments | 12 tweets | 12 linkedin
Standard Chartered establishes fintech innovation and investment unitStandard Chartered establishes fintech inn...
8359 views comments | 14 tweets | 14 linkedin
hands typing furiouslyFintech Adoption is About People, Not Tech
7347 views 1 | 7 tweets | 2 linkedin

Featured job

Competitive base + commission
London, UK

Find your next job