Banks’ $25B Loan Reserves Show Grim Expectations For Economic Road Ahead
Banks’ $25B Loan Reserves Show Grim Expectations For Economic Road Ahead
April 16, 2020  |  Economy

Against a backdrop where Labor Department data showed 5.2 million additional Americans filed for unemployment, it may make sense that banks’ outlooks for the future...

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Revised Libra To Be Connected With Individual Country Currencies
Revised Libra To Be Connected With Individual Country Currencies
April 16, 2020  |  Cryptocurrency

With a revised version of the planned digital currency, Facebook‘s Libra will be supervised by worldwide watchdogs and connected to individual country currencies. The potential...

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Santander FinTech PagoFX To Compete With TransferWise
Santander FinTech PagoFX To Compete With TransferWise
April 16, 2020  |  Banking

Madrid-based Santander, the world’s 16th-largest bank, is set to roll out PagoFX, a new FinTech spinout intended to compete with cross-border money transfer service provider...

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IRS Has Rocky Start With Stimulus Funds As Money Misrouted
IRS Has Rocky Start With Stimulus Funds As Money Misrouted
April 16, 2020  |  Coronavirus

From error messages on the Get My Payment tool to misrouted funds and checks sent to dead people, the IRS is having a tough time...

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Verizon To Purchase Video Conferencing Firm BlueJeans
Verizon To Purchase Video Conferencing Firm BlueJeans
April 16, 2020  |  Partnerships / Acquisitions

Verizon has announced it is set to acquire BlueJeans, a video-conferencing company catering to business customers. The move comes as the COVID-19 crisis has changed...

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SBA Small Business Loan Program Is Out Of Cash
SBA Small Business Loan Program Is Out Of Cash
April 16, 2020  |  Loans

There’s no more money in the Small Business Administration’s (SBA) bailout initiative. CNBC has reported that the $349 billion intended to keep small businesses afloat...

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BofA: Slumping Card Volume, Surging PPP Applications And A Gloomy Future Forecast
BofA: Slumping Card Volume, Surging PPP Applications And A Gloomy Future Forecast
April 16, 2020  |  Earnings

Given the full-scale shutdown in the U.S. and across the world, one might have expected that quarterly earnings season would be a less than sunny...

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More ‘No-Touch Payments’ For B2B
More ‘No-Touch Payments’ For B2B
April 16, 2020  |  Coronavirus

“We anticipate that the COVID-19 crisis may be the catalyst for ending manual check printing and mailing in B2B payments,” Neal Anderson, president and CEO...

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Survival Mode: Fashion Retailers Slash Prices
Survival Mode: Fashion Retailers Slash Prices
April 16, 2020  |  Retail

The world of high fashion is starting to look like a fire sale. As retailers look for a way out of an unprecedented cash flow...

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