LAS VEGAS - (01/09/06) Search engine Google introducedits long-anticipated online payments system over the weekend aspart of the launch of a pay-per-download online video servicecalled Google Video Store, at the annual Consumer Electronics Showhere. The electronic payments system, dubbed Google Wallet, will besimilar to eBay's PayPal application, which allows consumers to payfor purchases by funding e-payments from their credit cardaccounts. Through Google Video Store the company plans to beginselling video content, including entertainment, sports and newsprogramming, from providers such as CBS Corporation, Sony BMG andmajor league sports. Hit shows, movies and NBA basketball gameswill be available over Google for $1.99 or more. To pay for contentconsumers will need a credit card account. The new payment systemwill not only give Google access to millions of consumer accountsbut also establish Google as a new financial intermediary, indirect competition with banks and credit unions.
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Liberty Bank in Salt Lake City had been "structurally unprofitable" since 2008, according to its regulators. Experts criticized the FDIC for allowing the bank's demise to play out in slow motion.
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The San Francisco-based firm's Anchorage Digital Trusted Liquidity and Settlement network, better known as Atlas, will allow clients to settle a range of cryptocurrency transactions.
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Artificial intelligence models are energy hogs. Climate First Bank and UBS are among the very few trying to solve this problem.
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The FDIC board debated and ultimately withdrew two separate proposals to address asset managers' control over banks, but acting Comptroller of the Currency Michael Hsu said he couldn't support either and called for more research and debate about how asset managers' control over banks impacts safety and soundness.
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