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Swiss prosecutors are investigating a data leak involving thousands of former Credit Suisse Group clients who'd reportedly held $100 billion with the bank, in a case set to further discourage whistleblowing in the secretive country.
February 3
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The Patent Trial and Appeal Board has invalidated three patents owned by USAA, and some think this could be a turning point in ongoing patent litigation, in which USAA has already won more than $500 million from Wells Fargo and PNC.
February 3
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After soured loans rose above the private student lender's expectations in 2022, its stock price fell 16% on Thursday. One analyst wrote that "persistent credit issues have damaged management's credibility."
February 3
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Executives cited uncertainty created by surging interest rates, heightened regulatory scrutiny and the potential for a recession.
February 3
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Stripe Chief Financial Officer Dhivya Suryadevara is planning to leave the firm to attend to family matters as the company continues to weigh options for raising liquidity.
February 3
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Greenville, in particular, is attracting financial institutions enticed by its growing population and healthy business climate.
February 3
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The models that underpin the central bank's climate risk management exercise are deeply flawed and unsuited to the task at hand.
February 3
University of Maryland -
Banks, payment networks and fintechs are competing for a share of a sector that, on the whole, is growing faster than large corporations.
February 3
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An article in the Los Angeles Times provides an opportunity for bank executives to address the underlying problems. Instead comes a focus on damage control.
February 3
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Pointing to an FDIC policy change in 2020, regulatory experts say it's time for the agency to revisit what constitutes a brokered deposit.
February 2
