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Goldman’s consumer unit, Marcus, has so far lost $1.3 billion; big lenders like JPMorgan Chase and Amex are making loans for small-ticket items like clothes and cosmetics.
September 30 -
There is no way to know exactly what the market will look like in 2023 or 2024 when FedNow debuts. We're working on a solution that can help our customers right away, says Luanne Cundiff, president and CEO of First State Bank of St. Charles in Missouri.
September 30
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Nearly a third of the women in the annual ranking are new additions, the largest amount in years. Here's an overview of the changes. Plus, Citi's Corbat on its bold gender equity move, and Wells Fargo's less bold CEO decision.
September 28
Financial Planning -
Congress should consider acting quickly or companies could treat the Golden State's new data privacy restrictions as a national standard.
September 27
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Rep. Denver Riggleman, R-Va., explains why he has introduced legislation requiring greater transparency over the Federal Reserve’s forthcoming payment system.
September 27
Virginia -
A research paper says the president’s constant criticisms are driving Fed policy, directly or indirectly; the huge demand by banks for cash may be the result of tougher regulations.
September 27 -
As businesses navigate the trade war, these loans can help cover anything from inventory to office supplies – any area where a business is taking a hit, says Become's Eden Amirav.
September 27
Become -
With passive biometrics, customers are identified by their behavior online and not by static data such as passwords or one-time codes, says NuData Security's Justin Fox.
September 26
NuData Security, a Mastercard company. -
Wells Fargo still having trouble finding permanent CEO; Some lenders are using the deals to keep their best customers.
September 26 -
Today, borderless supply chains define business opportunities and brick and mortar presence is just an afterthought, says Amex's Dean Henry.
September 26
American Express

