CEO Greg Carmichael Stepping Down From Fifth Third Bancorp
CEO Greg Carmichael Stepping Down From Fifth Third Bancorp
April 15, 2022  |  Personnel

Fifth Third Bancorp CEO Greg Carmichael is retiring from his role effective July 5, according to a company statement on Friday (April 15). Carmichael will become executive chairman of...

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Fed: Factory Output Rises, Car Production up 7.8%
Fed: Factory Output Rises, Car Production up 7.8%
April 15, 2022  |  Economy

U.S. factory production rose by 0.9% in March, marking the third consecutive month of gains, Bloomberg reported Friday (April 15). Get the Full Story Complete...

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Container Shipping Rates Tank Amid US Inflation, Shanghai’s Pandemic Lockdown
Container Shipping Rates Tank Amid US Inflation, Shanghai’s Pandemic Lockdown
April 15, 2022  |  Economy

The cost of gas, groceries and almost everything else is rising, but container shipping rates have started to sink, The Wall Street Journal (WSJ) reported...

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This Week in Payments: Commerce Takes Shape in the Metaverse, Everyone Becomes a FinTech, and Amazon Takes the Lead Over Walmart
This Week in Payments: Commerce Takes Shape in the Metaverse, Everyone Becomes a FinTech, and...
April 15, 2022  |  Payments Innovation

The connected economy saw big news on several fronts this week, with buzz around Elon Musk’s Twitter takeover bid, Meta disclosing its plans for commerce...

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NY Auto Show Shows Auto OEM Focus on Digital Features
NY Auto Show Shows Auto OEM Focus on Digital Features
April 15, 2022  |  Technology

The New York International Auto Show (NYIAS) is back as a live event, but much of the news around the vehicles being displayed there revolves...

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Nearly $10B Is Bet on Pending Revamp of Ethereum
Nearly $10B Is Bet on Pending Revamp of Ethereum
April 15, 2022  |  Blockchain

Close to $10 billion — or roughly 3.2 million Ether tokens — has been deposited on decentralized finance (DeFi) platform Lido Finance in preparation for...

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JPMorgan’s $1B Loss Reserve Signals Souring Loans and ‘Pain’ Ahead for FinTechs
JPMorgan’s $1B Loss Reserve Signals Souring Loans and ‘Pain’ Ahead for FinTechs
April 15, 2022  |  Banking

When JPMorgan reported first-quarter earnings results this week, the company also built $902 million in reserves — a move that signals a tough credit environment...

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Rising Prices Give Consumers Pause Before They Reach for Digital Wallets, P2P Apps
Rising Prices Give Consumers Pause Before They Reach for Digital Wallets, P2P Apps
April 15, 2022  |  Digital Payments

Inflation continued to be a factor for shoppers during March, PYMNTS’ latest study tracking consumer spending and eCommerce trends found. Get the Full Story Complete...

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Startup Slope Taps New Chief Financial Officer
Startup Slope Taps New Chief Financial Officer
April 15, 2022  |  BNPL

Startup Slope, which offers businesses an easy way to extend buy now, pay later (BNPL) services, is moving forward to grow its footprint with the...

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