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Wells Fargo Tops Forecasts with $5.8B Q4 Profits

Wells Fargo Tops Forecasts with $5.8B Q4 Profits
Wells Fargo Tops Forecasts with $5.8B Q4 Profits
January 14, 2022  |  Earnings

Wells Fargo posted fourth-quarter net income of $5.8 billion on Friday (Jan. 14), an 86% increase over last year’s $3.09 billion, according to the bank’s...

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Akulaku Considers Going Public Through SPAC at $2B
Akulaku Considers Going Public Through SPAC at $2B
January 14, 2022  |  SPAC

Indonesian online lender Akulaku Inc. is mulling going public in the U.S. through a merger with a blank-check company that would value the company at...

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China Is Building Its Own NFT Behind the Great Firewall
China Is Building Its Own NFT Behind the Great Firewall
January 14, 2022  |  Blockchain

Nonfungible tokens (NFTs) are so hot, China can’t ignore them anymore. So, it’s building a more controllable platform for digital collectables. And only the digital...

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Report: Federal Financial Regulators Should Ensure Protection of Personal Data
Report: Federal Financial Regulators Should Ensure Protection of Personal Data
January 14, 2022  |  Regulation

A review of five U.S. financial regulators responsible for protecting consumers’ personally identifiable information (PII) revealed four have failed to follow key practices, such as...

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Needham Bank Buys Eastern Bank’s Cannabis Business
Needham Bank Buys Eastern Bank’s Cannabis Business
January 14, 2022  |  Acquisitions

Massachusetts financial institutions Eastern Bank and Needham Bank have formed an asset purchase agreement that will see Eastern transfer its cannabis-related and money service business...

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US State Banking Regulators Drop Lawsuit Over FinTech Charters
US State Banking Regulators Drop Lawsuit Over FinTech Charters
January 14, 2022  |  Regulation

A group of U.S. banking regulators withdrew their lawsuit that sought to block the federal government from granting bank charters to FinTech companies.  Get the Full...

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Regulators to Exchanges: Prepare to Go Hybrid
Regulators to Exchanges: Prepare to Go Hybrid
January 14, 2022  |  Regulation

The world’s securities regulators are considering whether to strengthen exchanges given the high trading volatility demonstrated during the pandemic. Get the Full Story Complete the...

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North Korean Hackers Swiped $400M in Crypto Last Year
North Korean Hackers Swiped $400M in Crypto Last Year
January 14, 2022  |  Cryptocurrency

Hackers from North Korea swiped close to $400 million in cryptocurrencies across at least seven cyberattacks that targeted investment firms and centralized exchanges, with 58%...

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Nearly Two-Thirds of Retail Subscribers Want to Deal Directly With Brands
Nearly Two-Thirds of Retail Subscribers Want to Deal Directly With Brands
January 14, 2022  |  Subscriptions

Nearly one-third of all U.S. consumers have at least one retail subscription. Among these retail subscribers, direct-to-consumer (D2C) subscriptions are quickly growing more popular, according...

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