Wells Fargo Settles With SEC Over AML Reporting
Wells Fargo Settles With SEC Over AML Reporting
November 15, 2017  |  Security & Fraud

Wells Fargo Advisors and the Securities and Exchange Commission (SEC) reached a settlement this week resolving charges that the bank dropped the ball in reporting...

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Blackhawk And eBay Ramp Up B2B Gift Card Focus
Blackhawk And eBay Ramp Up B2B Gift Card Focus
November 15, 2017  |  Partnerships / Acquisitions

Blackhawk Network, a global financial technology company, announced that it has expanded its partnership with eBay to provide the online marketplace with end-to-end business-to-business (B2B)...

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FDIC Chief Warns Over Relaxed Banking Regs
FDIC Chief Warns Over Relaxed Banking Regs
November 15, 2017  |  Bank Regulation

Martin Gruenberg, the chairman of the Federal Deposit Insurance Corporation who is leaving the government agency, expressed concern that regulators may be doing too much...

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Big Banks Join Forces To Vet FinTech Partners
Big Banks Join Forces To Vet FinTech Partners
November 15, 2017  |  Security & Fraud

JPMorgan Chase and Bank of America are reportedly teaming up to create a group that will help them manage risks associated with FinTech partnerships. Get...

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Ally Bank Takes Banking To Alexa
Ally Bank Takes Banking To Alexa
November 15, 2017  |  Innovation

Ally Bank announced Tuesday (Nov. 14) that it is launching a new service that enables customers to conduct banking activities via voice. Get the Full...

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Goldman Sachs Warns Online Food Sales Could Mean Trouble For Grocers
Goldman Sachs Warns Online Food Sales Could Mean Trouble For Grocers
November 15, 2017  |  eCommerce

A report from Goldman Sachs warns that as more consumers get comfortable shopping for groceries online, the already-competitive supermarket backdrop might get even worse for...

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Millennials Have Lost Their Appetite For Eating Out
Millennials Have Lost Their Appetite For Eating Out
November 15, 2017  |  Retail

The problem with millennials is that they just won’t sit still and stick with the cultural definitions they’ve been given. Three years ago, millennials were...

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Wells Fargo Cuts Back SMB Card Unit As Part Of Card Processing Restructure
Wells Fargo Cuts Back SMB Card Unit As Part Of Card Processing Restructure
November 15, 2017  |  Banking

About 50 Wells Fargo employees were laid off from its SMB card processing unit as the bank works to restructure the entire unit geared toward...

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ECB Wants Ability To Freeze Bank Withdrawals
ECB Wants Ability To Freeze Bank Withdrawals
November 15, 2017  |  Bank Regulation

The European Central Bank (ECB) steps up efforts to launch a tool that would enable financial regulators to stop customers from withdrawing cash when a...

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