As those at Fidelity see it, the late-trading cases that have arisen in the scandal illustrate how important it is to have the time-stamps in the firm grip of a neutral, regulated entity -- not in the hands of intermediaries who may have a big stake in whether an order from a valued, big-bankroll customer makes the deadline.
Now he focuses on leveraging GE Capital's AAA credit rating and GE's giant presence in aircraft engines, power plants and medical equipment to bankroll 1 million corporate customers.
The company just closed a $16 million Series B led by Battery Ventures with participation from Mayfield, Trinity Ventures and Bloomberg Beta, to bankroll expansion efforts focused on marketing and customer acquisition.
When Cotsakos returned last summer to seek $400 million more to bankroll losses in building a brand name and customer base, Son sent the money after a single phone call and didn't even want a board seat for his trouble.
The rationale was to dissuade loyal customers from moving part of their bankroll into other hands.
My suspicion is that as Stich Fix has entered these new categories, they are for the first time facing headwinds in customer acquisition costs against Trunk Club (bankrolled by Nordstrom) and Dia & Co (backed by Sequoia's deep pockets), whereas they scaled with relatively little friction within the women's category.
LA-based online fashion outlet Nasty Gal, which picked up almost $50 million in funding last year in two rounds (both from Index Ventures), is now using some of that cash to bankroll a limited time offer of free overnight shipping for customers who spend $150+.
Ordinary customers in Germany have to pay a green energy surcharge to bankroll the country's energy transition, but energy-intensive industries are exempt.
E-Trade's 3.8 million customer accounts and $53 billion in customer assets make a palatable morsel for any number of financial giants with the bankroll to buy their way into the top tier of online financeCitigroup, say, JP Morgan Chase or American Express.
"We want Stuart Gulliver [HSBC's chief executive] to make an unambiguous commitment that HSBC will never bankroll companies logging or clearing natural tropical forests, and then to put credible measures in place to show its customers and shareholders that it is serious about delivering on that commitment".
