Core Viewpoint - A class action lawsuit has been filed against Klarna Group PLC, alleging securities fraud and unlawful business practices by the company and its officers [2][3]. Group 1: Lawsuit Details - Investors are encouraged to contact Pomerantz LLP for participation in the class action, with a deadline of February 20, 2026, to apply as Lead Plaintiff [3]. - The lawsuit arises from Klarna's initial public offering (IPO) and subsequent financial disclosures that raised concerns about the company's business practices [2][4]. Group 2: Financial Performance - Klarna conducted its IPO on September 10, 2025, offering 34,311,274 shares at $40 each [4]. - Following the IPO, Klarna reported a net loss of $95 million, with provisions for credit losses amounting to $235 million, exceeding analyst expectations of $215.8 million [4]. - Provisions for credit losses represented 0.72% of gross merchandise volume, an increase from 0.44% the previous year [4]. - As of December 22, 2025, Klarna's stock closed at $31.31, which is below the IPO price [4]. Group 3: Market Context - The company faces scrutiny over customer loan defaults, particularly within its buy now, pay later (BNPL) business model, which has been criticized for targeting younger individuals with lower financial security [4]. - Research from the Richmond Fed indicates that BNPL customers typically have riskier credit profiles, being younger, less-educated, and carrying higher debt burdens [4].

Core Viewpoint - A shareholder has filed a securities class action lawsuit against Klarna Group plc, alleging misrepresentations in the Registration Statement related to the company's IPO in September 2025 [1][3]. Group 1: Lawsuit Details - The lawsuit claims that the defendants materially understated the risk associated with the company's loss reserves, which were expected to increase significantly shortly after the IPO [3]. - The misrepresentations pertain to Klarna's business operations and future prospects, particularly regarding the risk profile of individuals using Klarna's buy now, pay later loans [3]. Group 2: Legal Process - Investors wishing to serve as lead plaintiffs must file necessary documents by February 20, 2026, with the role involving representation of other class members in the litigation [4]. - Participation as a lead plaintiff is not required to share in any potential recovery, and all representation is on a contingency fee basis, meaning shareholders incur no fees or expenses [4]. Group 3: Law Firm Background - Bernstein Liebhard LLP, the law firm handling the case, has recovered over $3.5 billion for clients since 1993 and has a strong track record in class action litigation [5]. - The firm has been recognized multiple times in legal industry rankings, indicating its reputation and experience in handling such cases [5].

Core Viewpoint - A class action lawsuit has been filed against Klarna Group plc on behalf of investors who acquired Klarna securities during the specified Class Period, alleging that the IPO documents did not disclose significant financial risks [1][3]. Group 1: Lawsuit Details - The lawsuit claims that Klarna's IPO documents failed to disclose material financial risks, particularly the underestimated likelihood of rising loss reserves shortly after the IPO [3]. - Investors who purchased Klarna securities during the Class Period have until February 20, 2026, to seek appointment as lead plaintiff representatives [2]. Group 2: Financial Impact - Following a report on November 18, 2025, that Klarna had set aside greater provisions for credit losses than the market anticipated, the company's share price declined by 21% from the IPO price of $40 to $31.31 [4].

BENSALEM, Pa., Jan. 13, 2026 /PRNewswire/ -- The Law Offices of Howard G. Smith announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Klarna Group plc ("Klarna" or the "Company") (NYSE: KLAR). IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN KLARNA GROUP PLC (KLAR), CONTACT THE LAW OFFICES OF HOWARD G. SMITHBEFORE FEBRUARY 20, 2026 (LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT. Contact the Law Offices of H ...

Klarna CEO Sebastian Siemiatkowski has expressed support for President Donald Trump's call to cap US credit card interest rates at 10% for one year. "I think Trump is wise here and is proposing something that makes a lot of sense," Siemiatkowski told CNBC on Monday.Siemiatkowski said traditional credit cards are designed to push consumers to put most or all of their spending on credit and carry large balances at high interest rates. That structure, he said, incentivizes people to borrow as much as possible ...

Core Insights - Nift has appointed John McNerney as General Manager for the APAC region to facilitate its expansion into Australia and the broader Asia-Pacific market [1][2][3] Group 1: Company Overview - Nift is a technology company that enables commerce platforms to generate incremental revenue through experience-led media [1][6] - The company partners with over 14,500 brands globally, delivering more than 50 million experience-led moments each month [3][7] - Nift's services help retail media networks, fintech, and travel companies enhance customer engagement and loyalty [3][6] Group 2: Leadership and Strategy - John McNerney brings over 15 years of international experience in SaaS, data, and advertising technology, having held leadership roles across APAC and EMEA [4] - His previous role was Managing Director at Yahoo, where he led business and technology strategy in Australia and Southeast Asia [2][4] - McNerney's expertise includes driving growth through product innovation and strategic partnerships, making him a suitable leader for Nift's expansion [4][5] Group 3: Market Importance and Future Plans - The APAC region is strategically important for Nift as commerce platforms seek new revenue generation methods while maintaining customer trust [3] - Nift's expansion follows its recent launch in the UK and ongoing growth in North America [3] - McNerney emphasized that Australia is a natural launch market for Nift, aiming to build a strong presence in the region [5]

NEW YORK, Jan. 12, 2026 (GLOBE NEWSWIRE) -- Kirby McInerney LLP reminds Klarna Group plc (“Klarna” or the “Company”) (NYSE: KLAR) investors of the February 20, 2026 deadline to seek the role of lead plaintiff in a pending federal securities class action. If you purchased or otherwise acquired Klarna securities, have information, or would like to learn more, please contact Lauren Molinaro of Kirby McInerney LLP by email at investigations@kmllp.com, or fill out the form below, to discuss your rights or intere ...

Core Viewpoint - A class action lawsuit has been filed against Klarna Group plc on behalf of investors who acquired Klarna securities during the specified class period, alleging omissions in the IPO Registration Statement regarding potential increases in loss reserves [1][3]. Group 1: Lawsuit Details - The lawsuit claims that Klarna's IPO Registration Statement failed to disclose critical information about the potential increase in loss reserves following the IPO, which the defendants should have been aware of due to the risk profiles of their customers [3]. - The class period for the lawsuit is defined as September 7, 2025, through December 22, 2025, including shares issued during Klarna's September 2025 IPO [1][2]. - As of the lawsuit filing, Klarna shares were trading at $31.31, significantly lower than the IPO price of $40 [4]. Group 2: Investor Information - Investors who purchased Klarna securities during the class period have until February 20, 2026, to seek appointment as lead plaintiff representatives [2]. - The lawsuit is being handled by Berger Montague, a law firm specializing in complex civil litigation and class actions [5].

Core Viewpoint - President Trump demands credit card companies to set a cap on interest rates at 10% and maintain it for one year, threatening legal action if they fail to comply [1][2][6] Group 1: Impact on Credit Card Companies - Major credit card companies, including JPMorgan Chase, First Capital Financial, and Citigroup, face increased political pressure following Trump's statements, leading to significant stock declines in pre-market trading [1][6] - Analysts from Wells Fargo and JPMorgan Chase warn that the proposed cap could eliminate profitability for credit card businesses and potentially force consumers into higher-cost debt [1][6] - In pre-market trading, First Capital Financial's stock dropped by 9.7%, American Express by 4.6%, Citigroup by 4.1%, JPMorgan Chase by 2.8%, and Wells Fargo by 2.2% [1][6] Group 2: Barclays Bank's Position - Barclays views its credit card business as a core component of its U.S. personal banking operations, with expectations of generating £3.6 billion in revenue by 2025, contributing 12% to total group revenue [4][10] - The bank's stock fell by 4.8% in London, marking its largest intraday drop since October 17 [1][4] Group 3: Potential Beneficiaries - The proposed interest rate cap may benefit "buy now, pay later" platforms like Klarna and Affirm, as traditional credit card loans may decline in popularity [2][7] - Klarna and Affirm's stocks rose by 5.9% and 3.9%, respectively, in pre-market trading [3][8] Group 4: Regulatory Considerations - The strong influence of the banking lobby in the U.S. suggests that Trump's proposed interest rate cap may not be fully enforced [4][10]

Group 1 - Checkout.com has received conditional approval for a merchant acquirer limited purpose bank charter (MALPB) in Georgia, allowing it to bypass banks for underwriting merchants and authorizing transactions [3][7]. - The company is the third payments firm to receive such approval, following Fiserv and Stripe, indicating a trend in the industry towards direct banking capabilities [3][6]. - The charter will enable Checkout.com to integrate directly into Visa and Mastercard networks, enhancing control, innovation, and acceptance rates [4][5]. Group 2 - The approval is part of Checkout.com's strategy to expand its North American operations, with a new strategic hub established in Atlanta, Georgia, in addition to existing offices in New York and San Francisco [7]. - The company aims to achieve full charter banking operations within the year, although specific plans for the charter have not been disclosed [5][7]. - Industry consultants suggest that the charter will reduce costs by eliminating the need for third-party banks in the payment process [5].