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Attendees at the Bitcoin2013 conference were excited about the technology's potential to disrupt the payments business specifically micropayments, international remittances and charitable giving.
May 22
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JPMorgan Chase shareholders have voted in favor of allowing Jamie Dimon to continue in his dual role as chairman and CEO. However, Dimon emerges from the fight bruised and facing formidable challenges.
May 21
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Senate Majority Leader Harry Reid plans to hold a long-awaited vote later this week on the confirmation of Richard Cordray as director of the Consumer Financial Protection Bureau. With the opposition GOP planning to block the nomination, the move is a rehash of past battles and a sign that politics is once again trumping pragmatism in bank policymaking, argues Washington Bureau Chief Rob Blackwell. Ironically, the Republican's opposition will keep the CFPB focused largely on banks, rather than on their nonbank rivals, and could end up doing their banker friends more harm than good.
May 21
