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Bank Insiders Leaks Data on Client Accounts
Finance & Economics

Bank Insiders Leaks Data on Client Accounts

Toronto-Dominion Bank expected that the new employee would increase the efficiency of this financial institution in detecting cases of money laundering from the outpost in New York, but the final result turned out to be another example of how optimistic hopes do not match the pessimistic reality.

One-Click Checkout Is Most Desired Feature for U.S. Merchants
News

One-Click Checkout Is Most Desired Feature for U.S. Merchants

A recent report indicates that 45% of U.S. online merchants have requested one-click checkout solutions from their payment service providers (PSPs) in an effort to enhance conversion rates.

OpenAI Outlines New For-Profit Structure
Science & Technology

OpenAI Outlines New For-Profit Structure

OpenAI on Friday, December 27, outlined plans to revamp its structure.

US Airlines Say Goodbye to Difficult Year
Finance & Economics

US Airlines Say Goodbye to Difficult Year

The current year turned out to be a busy period in terms of the number of events that occurred in the United States aviation sector, but the string of news from the relevant sphere activities was clearly not unambiguously positive and contained a lot of negative information that has sensitive consequences for companies in the […]

New York Reportedly Tights Financial Scrutiny
News

New York Reportedly Tights Financial Scrutiny

The media published information according to which the New York authorities are tightening financial scrutiny ahead of the January return of Donald Trump, who won the United States presidential election last month, to the White House.

US Weekly Jobless Claims Demonstrate Decline
News

US Weekly Jobless Claims Demonstrate Decline

Last week in the United States, the number of locals applying for jobless benefits decreased to the lowest level in the current month.

US Launches New Probe Into Legacy Chinese Chips
News

US Launches New Probe Into Legacy Chinese Chips

This week, the administration of the President of the United States Joe Biden launched a new probe regarding legacy Chinese semiconductors, which can be used in a large number of product categories, including the automotive industry, the defense systems sector, and the household goods section.

Big Banks Sue Fed Over Annual Stress Tests
Finance & Economics

Big Banks Sue Fed Over Annual Stress Tests

In the United States, a group of banks and business groups are suing the Federal Reserve as part of an annual banking stress test.

S&P 500 Rises 1% on Christmas Eve
News

S&P 500 Rises 1% on Christmas Eve

In the United States, the stock market experienced an upward dynamic on Christmas Eve.

Visa Analysis Reveals Online Holiday Shopping Growth
News

Visa Analysis Reveals Online Holiday Shopping Growth

Online retail shopping during the holiday season increased by 7.1%, according to Visa observations, though the majority of purchases still take place in brick-and-mortar stores.

Crypto.com Launches U.S. Custody Trust Company
Blockchain & Crypto

Crypto.com Launches U.S. Custody Trust Company

Crypto.com exchange expands its institutional services in the U.S. with the dedicated entity – Crypto.com Custody Trust Company.

Retailer Party City Files for Bankruptcy
News

Retailer Party City Files for Bankruptcy

Retailer Party City, which has been facing difficulties since the coronavirus pandemic, filed for Chapter 11 bankruptcy protection in the United States last weekend for the second time in two years.

Nordstrom to Go Private
News

Nordstrom to Go Private

Nordstrom, the luxury department store chain, announced on Monday, December 23, that it would become a private company after it agreed to a buyout deal valued at approximately $6.25 billion from Nordstrom’s founding family and Mexican department store El Puerto de Liverpool.

Apple Approaches $4 Trillion Valuation
Science & Technology

Apple Approaches $4 Trillion Valuation

Apple is currently approaching its historical market capitalization indicator of $4 trillion.

Fed’s Beth Hammack Says Economic Strength Argues Against Rate Cut
News

Fed’s Beth Hammack Says Economic Strength Argues Against Rate Cut

Federal Reserve Bank of Cleveland President Beth Hammack said this week she voted against cutting interest rates by the United States financial regulator, as the strengthening of the US economy and inflation outlook do not indicate expediency of further easing of monetary policy.

Wells Fargo Leaves Climate-Banking Group
Finance & Economics

Wells Fargo Leaves Climate-Banking Group

Wells Fargo & Co., one of the largest financial institutions in the United States, has announced that it is leaving the world’s largest banking climate alliance.