Finance
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Databricks exec explains why open banking will disrupt finance the same way open source upended software
Junta Nakai is the global industry leader for financial services and sustainability at Databricks, a big data and AI company valued at...
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A list of the biggest credit card merchants and payment processing companies in 2021 (JPM, BAC, C, WFC, VNTV, TSS, BCS, FDC, WPG)
Credit card processors are mostly responsible for data transmission and security when you use your card at a store or online to...
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Here’s how you can stick to your budget in 2021 — even when the unexpected happens
Many Americans aren’t prepared for major expenses. My Chase Plan can help cardmembers pay off large purchases while still earning rewards. The...
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Behind Knotel’s meltdown: A dozen insiders trace the coworking firm’s turbulent fall into bankruptcy after losing $400 million in 2 years
Free spending and outsized ambitions brought about Knotel’s bankruptcy, insiders say. The flexible-workspace company’s mounting bills and vacant spaces posed problems pre-pandemic....
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Goldman’s Marcus head exits — Payoneer goes SPAC — Visa pushes into crypto
Ken Griffin’s Citadel and Citadel Securities are everywhere you look in the GameStop frenzy REUTERS/Lucy Nicholson Ken Griffin has been at the...
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Minority-owned firms found it hardest to access credit during the pandemic, a Fed survey says. White-owned firms are more optimistic about 2021 than Black-owned ones.
Minority-owned businesses struggled the most to access credit during the pandemic, a Fed survey found. Just shy of 80% of Asian-owned firms,...
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McKinsey has agreed to pay $573 million over its role in boosting opioid sales during an epidemic that has killed more than 450,000 Americans
McKinsey has agreed to pay $573 million to settle investigations into its role in the opioid crisis. The firm has been accused...
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A hedge fund made $700 million on its GameStop investment but bailed after Elon Musk’s ‘Gamestonk’ tweet
Senvest Management made $700 million on its Gamestop investment, The Wall Street Journal reported. The hedge fund sold its 5% stake after...
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PayPal reported its strongest-ever quarterly growth in payment volume in Q4 with $277 billion as the pandemic fueled online transactions (PYPL)
PayPal reported its strongest quarterly growth in total payment volume in Q4 with $277 billion. That’s a 39% increase from Q4 2019,...
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Goldman Sachs partner Adam Dell has stepped down from his role running Marcus as the bank prepares for a massive transformation in its consumer business
Adam Dell, a Goldman Sachs partner and head of digital product for its consumer business, has stepped down from his role, Insider...