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Revolut targets $1.5bn to join fintech elite

Revolut targets $1.5bn to join fintech elite

Business
British-based digital payments and banking group Revolut is trying to raise $ 1.5bn (£1.2bn) from investors as part of a quest to become one of the world's most highly-prized fintech companies.Sky News has learnt that Revolut has hired investment bank JP Morgan to orchestrate both a $ 500m (£395m) equity-raise and the issuance of a $ 1bn (£790m) convertible loan in the coming months. If successfully completed, it would catapult the business into the ranks of technology companies which have secured individual funding rounds in excess of $ 1bn (£790m).Sources said this weekend that the company, led by founder and chief executive Nik Storonsky, would target a valuation from the capital-raising of between $ 5bn (£3.9bn) and $ 10bn (£7.9bn) - which would make it the most valuable fintech player
Tyronn Lue to join Los Angeles Clippers’ coaching staff

Tyronn Lue to join Los Angeles Clippers’ coaching staff

Sports
Aug. 14 (UPI) -- Former Cleveland Cavaliers head coach Tyronn Lue is nearing a deal with the Los Angeles Clippers to join Doc Rivers' staff. League sources told ESPN and the New York Times on Wednesday that Lue is expected to reunite with Rivers as one of his top assistant coaches. Lue was the leading candidate to become the L.A. Lakers' head coach this off-season until negotiations fell apart over contract details. The Lakers opted to hire former Indiana Pacers head coach Frank Vogel to succeed former coach Luke Walton. Lue previously served as the head coach of current Lakers star LeBron James and the Cleveland Cavaliers. The pair won an NBA championship with the Cavs in 2016 before the team fired him at the beginning of last season following a 0-6 start. In three-plus seasons leading ...
Revealed: BBC’s top paid stars – and the women who join the list

Revealed: BBC’s top paid stars – and the women who join the list

Entertainment
The BBC has revealed three women have moved into its top 10 list of highest paid stars - compared to none last year.Claudia Winkleman, Zoe Ball and Vanessa Feltz all joined the elite group which is still topped by Match of the Day host Gary Lineker. This is the first time since presenter salaries were disclosed in 2017 that women have made the top 10.Former Radio 2 breakfast show host Chris Evans, who left the corporation in December, is still featured among the highest earners.He was succeeded by Ball and her figure will only reflect what she earned for hosting the show in the first three months of the year, as well as her earnings for the Saturday show she hosted before that. Advertisement The corporation...
California is the latest state to help millions of workers join retirement savings plans

California is the latest state to help millions of workers join retirement savings plans

Finance
An estimated 7.5 million California workers soon will have access to workplace retirement savings.That's due to CalSavers, the Golden State's automatic individual retirement account enrollment plan, which officially begins on Monday. The program was established after the state required employers with five or more employees to either join CalSavers or begin offering a private plan.Over the next several years, employers will face rolling deadlines to register with CalSavers in order to comply. The first is for businesses with more than 100 employees, which have a deadline of June 30, 2020. The deadline for entities with five or more employees is June 30, 2022.The truth is, you may or may not need to replace all of your current income to retire early.ImageegamI | Getty ImagesBut all businesse...

Transfer news and gossip LIVE: De Ligt ‘decides to join Juventus’, Liverpool plot Coutinho return, De Gea in Man United talks

Sports
[unable to retrieve full-text content]Former Liverpool and Chelsea striker Fernando Torres announces his retirement Man United should sell or sack Jesse Lingard for ‘bringing shame on the club’ – Ian Holloway Liverpool boss Jurgen Klopp may make a shock swoop for Pierre-Emerick Aubameyang if the Arsenal striker becomes available Juventus sporting director says Serie A giants ‘love’ Paul Pogba […] talkSPORT