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UK Faces $30B In COVID Loan Losses

UK Faces $30B In COVID Loan Losses
UK Faces $30B In COVID Loan Losses
September 30, 2020  |  International

The U.K. government now estimates its losses from the pandemic could hit 23 billion pounds (about $30 billion), Bloomberg reported, coming from loans used to...

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Bitcoin Daily: SEC Charges Florida Crypto Trader In $6.8M Fraud Case; Salt Lending To Pay $250,000 Fine, Refund ICO Investors; SEC Alleges Swedish National Bilked Crypto Investors Of $1.5M
Bitcoin Daily: SEC Charges Florida Crypto Trader In $6.8M Fraud Case; Salt Lending To Pay...
September 30, 2020  |  Bitcoin

The U.S. Securities and Exchange Commission (SEC) claims that a Florida digital currency trader purportedly bilked customers out of $6.8 million, CoinDesk reported. Get the...

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Mnuchin, Pelosi Fall Short Of Agreeing On New Stimulus Deal
Mnuchin, Pelosi Fall Short Of Agreeing On New Stimulus Deal
September 30, 2020  |  Economy

Despite talks over a two-day period to reach a compromise on a new stimulus package, House Speaker Nancy Pelosi (D-California) and Treasury Secretary Steven Mnuchin failed to...

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Report: Bank Trade Finance Revenues Set To Fall 8 Pct In 2020
Report: Bank Trade Finance Revenues Set To Fall 8 Pct In 2020
September 30, 2020  |  B2B Payments

As returns from cash management offers are forecasted to drop 12 percent, trade finance revenues for banks are poised to fall by 8 percent in...

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SPACs Now Comprise 20 Pct Of IPO Market, Apollo’s Harris Says
SPACs Now Comprise 20 Pct Of IPO Market, Apollo’s Harris Says
September 30, 2020  |  Investments

Alternative investment firm Apollo Global Management Co-Founder Josh Harris said he thinks the trend of special purpose acquisition companies (SPACs) is not a flash in...

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Google Unveils New Chromecast With Google TV
Google Unveils New Chromecast With Google TV
September 30, 2020  |  Google

Google unveiled Chromecast with Google TV at its annual hardware event Wednesday (Sept. 30), the company announced in a blog post. Get the Full Story...

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Payroll Management Firm Papaya Global Notches $40M In Series B
Payroll Management Firm Papaya Global Notches $40M In Series B
September 30, 2020  |  B2B Payments

Global payroll company Papaya Global has landed $40 million in a Scale Venture Partners-led funding round, according to a blog post. Get the Full Story...

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Zomato, Swiggy Put On Notice By Google Over In-App Payments
Zomato, Swiggy Put On Notice By Google Over In-App Payments
September 30, 2020  |  Google

Food delivery apps Zomato and Swiggy have been put on notice by the Google Play Store for implementing in-app payment features, a Business-Standard report states,...

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Banks Push Back On Possible Banking Charters For Big Techs Like Amazon And Facebook
Banks Push Back On Possible Banking Charters For Big Techs Like Amazon And Facebook
September 30, 2020  |  Bank Regulation

A U.S. House committee this week began reviewing the idea of allowing the likes of Amazon or Facebook to receive charters to operate as banks...

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