"I don't see banks at all as my competitors. They just can't move fast enough," N26 CEO Valentin Stalf says.
Baidu will also cooperate with Amazon on search service, distribution, and video content
This is part of a major restructuring that has forced the lender to take an axe to a fast-growing business in the industry.
IPOs & Markets
Plans by Yahoo Inc's board to sell struggling Internet biz sent the company's shares up more than 5 % on Wednesday
GIC and CVC did not disclose the deal value. The transaction is expected to close in early 2016
Mark Zuckerberg's pledge on Tuesday to give away most of his Facebook shares, a roughly $45 billion fortune, helps cement his role as one of Silicon V
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