The Japanese conglomerate will examine whether to put its banking, securities, credit card and insurance businesses into a single group within the company, it said in a statement on Monday.Shares of Rakuten and its banking arm rose after the announcement spurred optimism over the prospects for the group’s fintech business. Billionaire Hiroshi Mikitani’s company is grappling with debts that mounted during an unprofitable foray into the mobile phone carrier business.
Rakuten Group climbed 3% at the close of trading in Tokyo, while its banking unit jumped 3.6% to the highest since it was listed a year ago. Meanwhile, Rakuten Bank has been increasing customers thanks to the group’s reward point system designed to lock in users. It raised its annual profit forecast earlier this year.The CPP pegs the start retirement age at 65, but it's not necessarily the ideal option to start pension payments. The post Why Claiming CPP at 65 Could Be a Mistake appeared first on The Motley Fool Canada.
Stocks just had their best first quarter in 5 years — here's where strategists think the market is headed
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CryptoAmb - 🏆 22. / 68 Read more »