BNY Mellon Rolls Out White Labeling Service
The Bank of New York Mellon has presented a White Labeling service for its LiquidityDirect platform.
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Silicon Valley Bank Launches Improved Digital Banking Platform
Silicon Valley Bank (SVB), which became the unit of First Citizens Bank after its resonant collapse in March 2023, presented several new products and services.
Citi Rolls Out New Travel and Expense Management System
Citi announces the launch of a new travel and expense management system for its corporate clients who reside in the United States.
Metropolitan Commercial Bank to Pay Penalty of $15 Million
Metropolitan Commercial Bank (MCB) announced its agreement to pay a fine of $15 million after the completion of an investigation conducted by the New York State Department of Financial Services (DFS).
Amazon Pharmacy Offers Drone Delivery
Amazon Pharmacy has launched a service for the delivery of goods using drones on the territory of the US state of Texas.
Netflix Announces Price Increase
Netflix has announced another increase in the cost of its services.
US Tightens Rules on Chip Exports to China
The administration of the President of the United States Joe Biden has reduced the number of types of semiconductors that local companies can supply to China.
Goldman Sachs Reports Q3 Earnings
Goldman Sachs last Tuesday, October 17, published an earnings report for the third quarter of this year.
US Mortgage Originations to Reach $1.95 trillion in 2024
The US Mortgage Bankers Association (MBA) expects that total mortgage origination volume will increase to $1.95 trillion in 2024, up from the $1.64 trillion forecast in 2023.
US Online Holiday Sales to Hit $222B, Driven by Mobile Shopping
According to Adobe Analytics, online holiday sales in the USA are expected to hit $221.8 billion this holiday shopping season (Nov. 1 to Dec. 31), representing 4.8% growth year-over-year (YoY).
NYC Releases Plan to Regulate AI
New York Mayor Eric Adams on Monday, October 16, presented a plan for the introduction and regulation of artificial intelligence.
OpenAI Reportedly Readies Share Sale Valuing Company at $90 Billion
The media reports that OpenAI is currently preparing to sell shares with an estimated value of the company at $90 billion.
Ferrari to Sell Cars for Crypto in US
US citizens will soon be able to buy luxury Ferrari vehicles with crypto. Europe is next in line.
Wells Fargo Predicts Continued US Economic Slowdown
Wells Fargo, following the results of the third quarter of this year, recorded an increase in net charge-offs, a decrease in the demand for loans, and a decline in the average volume of deposits.
Carefull Raises $16.5 Million
Carefull announced that it managed to raise investment funds for $16.5 million following the results of the Series A financing round.
Citi Chairman Warns Against Plan for New Capital Requirements
Citigroup Chairman John C. Dugan joined American banking executives who negatively assessed the plan of the United States authorities to introduce new capital requirements.
