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Jump in Bad Loans Threatens Big Banks’ Earnings
Jump in Bad Loans Threatens Big Banks’ Earnings
January 08, 2024  |  Debt

The specter of an increase in bad debt hangs over America’s largest lenders. Banks such as JPMorgan Chase and Wells Fargo will release their earnings...

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Report: Ant Group Plans $200 Million Purchase of MultiSafepay
Report: Ant Group Plans $200 Million Purchase of MultiSafepay
January 07, 2024  |  Acquisitions

China’s Ant Group is reportedly preparing to purchase Dutch payments firm MultiSafepay. The deal, worth about $200 million, comes as Ant Group — which owns Alipay — is...

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Payments Experts: G20 Faster Payments Goals Could Foster Financial Crime
Payments Experts: G20 Faster Payments Goals Could Foster Financial Crime
January 07, 2024  |  Faster Payments

Will the G20’s campaign for faster payments have unintended negative consequences? A new report by the U.K.’s Future of Financial Intelligence Sharing (FFIS) said plans to make...

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LinkedIn: Crypto Enthusiasm Hasn’t Yielded Crypto Job Openings
LinkedIn: Crypto Enthusiasm Hasn’t Yielded Crypto Job Openings
January 07, 2024  |  Cryptocurrency

Recent enthusiasm surrounding the cryptocurrency sector apparently hasn’t led to more hiring within the industry.  In fact, crypto job posting on LinkedIn fell 57% between December 2022...

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EU Antitrust Head Plans Summit With Big Tech CEOs
EU Antitrust Head Plans Summit With Big Tech CEOs
January 07, 2024  |  Big Tech

Europe’s top antitrust official is reportedly meeting with several American Big Tech CEOs this week. Margrethe Vestager will meet with executives from Apple, Google, Nvidia, Broadcom and OpenAI to discuss competition policy and digital regulation...

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OpenAI Backer Thrive Capital Plans $3 Billion Fundraise Amid Tech Downturn
OpenAI Backer Thrive Capital Plans $3 Billion Fundraise Amid Tech Downturn
January 07, 2024  |  Investments

Venture firm Thrive Capital is reportedly preparing to raise at least $3 billion amid a downturn in tech funding. The planned fundraising, the subject of a Sunday (Jan....

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Coinbase Plans to Offer Crypto Derivatives in Europe 
Coinbase Plans to Offer Crypto Derivatives in Europe 
January 07, 2024  |  Cryptocurrency

Coinbase plans to purchase a Cyprus-based company to offer cryptocurrency-linked derivatives in the European Union. America’s largest crypto firm announced the plans on its blog Friday...

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Personal Loan Delinquencies Jump in Nov., Presaging Holiday ‘Hangover’
Personal Loan Delinquencies Jump in Nov., Presaging Holiday ‘Hangover’
January 07, 2024  |  Consumer Finance

Americans ended 2023 dealing with increasing financial strain, relying more on personal loans. That’s according to a recent report by VantageScore, which warns that increased...

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Uber Allowing Commuters to Bid for Rides in India
Uber Allowing Commuters to Bid for Rides in India
January 05, 2024  |  Aggregators

Uber is testing a new flexible pricing service called Uber Flex in over a dozen cities in India, allowing commuters to bid a particular fare for...

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