Category: #Banking
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Fed glitch shuts down wire transfers, direct deposits, other services
Enlarge / The Federal Reserve Building in Washington, DC. (credit: Rudy Sulgan / Getty Images) Federal Reserve electronic systems that enable US banks to send…
Mastercard will support cryptocurrency payments later this year
Mastercard has become the latest payment company to give cryptocurrencies its blessing. The financial services firm has begun preparations to support select cryptocurrencies later this…
Dow tumbles 700 points amid GameStop mania, on pace for worst day since October
There are fears that the GameStop frenzy is a sign of a larger bubble in the market. Source: https://www.nbcnews.com/business/markets/dow-tumbles-700-points-amid-gamestop-frenzy-pace-worst-day-n1256186 Droolin’ Dog sniffed out this story…
Bank cop halts Trump rule boosting loans to private prisons, energy industry
A key bank regulator on Thursday halted a last-minute, Trump-era rule that would prevent big banks from denying loans and other services to entire industries…
Mastercard to raise fees to EU firms by 500% for online sales to UK shoppers
Change from October could lead to higher prices for those paying with UK-issued cards Mastercard is to increase the fees it charges EU firms to…
Banks cash in as Wall Street blows out Main Street
America’s big banks capped off a winning year, led by soaring Wall Street-facing business lines. Why it matters: Banks cashed in on the white-hot IPO…
Biden’s Wall Street backers face new threat from Warren
Private equity firms went all out for Joe Biden in the 2020 election, giving his campaign six times more money than they donated to President…
New Zealand central bank says data system hacked
Investigation launched into “malicious attack,” said Governor Adrian Orr. Source: https://www.nbcnews.com/news/weird-news/new-zealand-central-bank-says-data-system-hacked-sensitive-information-n1253652 Proactive Computing found this story and shared it with you. The Article Was Written/Published…
Bitcoin hits $20,000, an irresistible investment in an unstable economy
This time around, large funds and even CEOs of publicly traded companies are fueling bitcoin’s 2020 run. Source: https://www.nbcnews.com/business/business-news/bitcoin-hits-20-000-irresistible-investment-unstable-economy-n1250211 Droolin’ Dog sniffed out this story…
Pornhub: Mastercard and Visa to block use of cards on site after child abuse allegations
Companies respond as investigation finds videos of rape and revenge pornography Mastercard and Visa said on Thursday they would block their customers from using the…
PayPal says all users in U.S. can now buy, hold and sell cryptocurrencies
PayPal announced today it’s dropping the waitlist to buy, hold and sell cryptocurrency in the U.S. With the move, all customers in the U.S. will…
Deutsche Bank seeking to offload three Trump loans: report
Deutsche Bank is aiming to end any financial ties to President Trump after the United States elections due to negative attention the bank has received…
JPMorgan puts $30B toward fixing banking’s ‘systemic racism’
JPMorgan Chase says it will extend billions in loans to Black and Latino homebuyers and small business owners in an expanded effort toward fixing what…
Bankers back Biden despite gains under Trump
Executives and employees at the nation’s biggest banks are giving a boost to former Vice President Joe Biden’s campaign for the White House, despite economic…
Trump’s energy chief: Banks are ‘redlining’ oil and gas investments
Bank restrictions on the financing of oil and gas drilling in the Arctic are akin to past practices —known as redlining — of not loaning…
Brent falls 10%, WTI below $30 as coronavirus spreads
Brent fell by 10% on Monday, and U.S. crude to below $30, as emergency rate cuts by the U.S. Federal Reserve and its global counterparts…
U.S. stock futures plunge despite Fed’s emergency rate cut
U.S. stock futures fell to their offshore trading limit within half an hour from opening on Monday even as the U.S. Federal Reserve led the…
Ripple is thriving off the failures of antique SWIFT system, market analyst tells Boom Bust
Ripple, the company behind cryptocurrency XRP, has raised US$200 million in its latest investment round – bringing its valuation to $10 billion – as the…
How to Save the World from Financialization
Labour Party advisor and author Grace Blakeley discusses her just released book, Stolen: How to Save the world from Financialization. The post How to Save…
A Russian hacking group literally called ‘Evil Corp’ stole $100 million from banks
Sometimes life imitates cheesy, pulpy Cold War-era art. And when it does, it’s truly amazing. The U.S. Department of the Treasury has sanctioned and indicted…
Google to offer checking accounts in partnership with banks starting next year
Google is the latest big tech company to make a move into banking and personal financial services: The company is gearing up to offer checking…
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