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The Boston-based bank said the Office of the Comptroller of the Currency gave it the highest grade possible on its most recent Community Reinvestment Act examination. Santander had received a “needs to improve” grade in 2017 and a “satisfactory” rating in 2018.
February 19
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MoneyLion and Opportunity Financial are following in the footsteps of financial technology businesses that have raised billions of dollars from special purpose acquisition companies. The quick injection of funds is expected to accelerate their growth as well as make them more competitive with banks and other mainstream financial services firms.
February 19
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Transit and parking draw new users to mobile wallets, and Google is expanding both features to add use cases for its payment app.
February 19
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The Small Business Administration wants to vet Paycheck Protection Program loans of $2 million or more, but lenders have grown tired of waiting for months with no updates.
February 19
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Citigroup told employees in Texas they could take shelter in the firm’s offices as the state grapples with the effects of a snow and ice storm earlier this week.
February 19 -
The Federal Reserve warned of significant risks of business bankruptcies and steep drops in commercial real estate prices in a report published on Friday.
February 19 -
A severe cold snap in the state has tested financial institutions unaccustomed to such weather-related disruption.
February 19
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The uncertainty and changeable environment requires lots of options, says Ivalua's Arnaud Malarde.
February 19
Ivalua -
Twelve banks joined the Tencent financing deal, which initially had a $6 billion size.
February 19
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Joseph Lajoie has succeeded Pamela Mello, who stepped down last month after more than five years in charge.
February 19
