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David Marcus Threatens That China Will Win If Libra Fails

David Marcus Threatens That China Will Win If Libra Fails
David Marcus Threatens That China Will Win If Libra Fails
October 17, 2019  |  Cryptocurrency

David Marcus, the executive in charge of Facebook’s proposed cryptocurrency, Libra, said if Libra fails, the U.S. could fall behind China in the race for...

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French FinTech Lemon Way Gets $28M For API Expansion
French FinTech Lemon Way Gets $28M For API Expansion
October 17, 2019  |  Investments

The French payment processor Lemon Way has announced a near-$28 million (€25 million) investment round by the multi-asset fund management firm Toscafund, Aithority reported on...

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Ahead Of Suntrust Merger, BB&T Sees Strong Loan Growth, Credit Quality
Ahead Of Suntrust Merger, BB&T Sees Strong Loan Growth, Credit Quality
October 17, 2019  |  Earnings

BB&T Corp., ahead of its planned buy of SunTrust banks, posted results that beat expectations and showed a slight decrease in non-performing assets. Get the...

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Nestlé Will Give Shareholders $20B As It Continues Rebound
Nestlé Will Give Shareholders $20B As It Continues Rebound
October 17, 2019  |  Retail

Nestlé said it is going to return $20.2 billion to its shareholders over the next three years as it continues a turnaround to become more...

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Top News In Payments: China Allows PayPal To Operate; Mastercard Outlines Blockchain Intentions
Top News In Payments: China Allows PayPal To Operate; Mastercard Outlines Blockchain Intentions
October 17, 2019  |  News

In today’s payments news, China has allowed PayPal to operate in the country with its purchase of a majority stake in GoPay. Also, Mastercard has outlined...

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Video App Snaptube Charges For Fake Purchases, Runs Invisible Ads
Video App Snaptube Charges For Fake Purchases, Runs Invisible Ads
October 17, 2019  |  Security & Fraud

An Android video app called Snaptube has been taking unauthorized premium purchases from its users and generating fraudulent ad clicks. Get the Full Story Complete...

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ECB Calls For ‘Highest Regulatory Standards’ On Stablecoins
ECB Calls For ‘Highest Regulatory Standards’ On Stablecoins
October 17, 2019  |  Cryptocurrency

European Central Bank Executive Board member Benoit Coeure called for strict supervisory principles for digital currencies and stablecoins like Facebook’s Libra, Bloomberg reported on Thursday (Oct. 17)....

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Accel Leads $77M Funding Round For Galileo FinTech
Accel Leads $77M Funding Round For Galileo FinTech
October 17, 2019  |  Investments

Galileo, a FinTech whose APIs help run companies like Chime, Robinhood, Monzo, Revolut, TransferWise and Varo, has announced a $77 million Series A funding round...

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Goldman Employee Compensation Lowest In Over A Decade
Goldman Employee Compensation Lowest In Over A Decade
October 17, 2019  |  Banking

Goldman Sachs has lowered employee compensation as it focuses more on offerings like the Apple Card to help it continue to grow revenue. Get the...

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