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Major Banks Suffer Data Breaches: How Safe Is Your Information?
Sunday, October 13, 2024 - 3:30pm | 473Three of the leading U.S. banks have reported significant data breaches, compromising the personal and account information of hundreds of their customers. What Happened: The banks that have fallen prey to these security breaches include Citizens Bank, Truist Bank, and First National Bank. The banks...
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US Banks Bump Up Dividends Following Fed's Successful Stress Test
Saturday, June 29, 2024 - 12:11pm | 605Several prominent U.S. banks have declared their intentions to raise their dividends for Q3, following their successful performance in the Federal Reserve’s annual stress test. What Happened: U.S. banks such as JPMorgan Chase & Co (NYSE:JPM), Bank of America Corp (NYSE:BAC), and Citigroup...
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US Banking Giants Brace For Fourth-Quarter Earnings Amid Mounting Bad Debts, Interest Rate Pressure
Monday, January 8, 2024 - 9:17am | 743As the U.S.’s prominent banking institutions prepare to report their fourth-quarter earnings, a significant surge in bad debts poses a risk to the growing investor confidence in the sector. What Happened: The Financial Times reported on Monday that non-performing loans at the four largest U.S...
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US Bank Partners With Mastercard For International Fleet Card Acceptance
Monday, August 30, 2021 - 2:43pm | 743The U.S. Bank Voyager card program has been a resource for fleet operations since the 1980s, gaining acceptance at 97% of all U.S. gas stations and locations for maintenance, food, and hotels. "When you think about all the purchase decisions drivers need to make on the road, their financial...
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Fintech Focus For August 16, 2021
Sunday, August 15, 2021 - 1:12pm | 2685Quote To Start The Day: “The way that I manage risk has changed materially. I try as often as I can to think about multi-decade holding periods for the things that we own. In the moment, it is hard, but then you figure out guardrails to stay in an infinite mindset. If I’m thinking over...
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Fintech Focus For May 14, 2021
Thursday, May 13, 2021 - 5:16pm | 1839Quote To Start The Day: “The way to get started is to quit talking and begin doing.” Source: Walt Disney One Big Thing In Fintech: An activist short seller has written a letter to the chief executive of insurance giant Lemonade with details of an “accidentally discovered”...
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Fintech Focus For April 28, 2021
Tuesday, April 27, 2021 - 6:45pm | 2055Quote To Start The Day: "People who succeed have momentum. The more they succeed, the more they want to succeed and the more they find a way to succeed. Similarly, when someone is failing, the tendency is to get on a downward spiral that can even become a self-fulfilling prophecy."...
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Fintech Focus For September 23, 2020
Tuesday, September 22, 2020 - 5:39pm | 2196Quote Of The Day: Hope is a good breakfast, but it is a bad supper. - Francis Bacon Fintech Movers: Consumers continue to reject legacy banking bill-paying platforms, which are perceived as inefficient. In most cases, they prefer making payments directly to service providers. - BillGO One Finance...
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Quarterly Shipper Rate Report
Tuesday, May 19, 2020 - 5:15pm | 269The FreightWaves Quarterly Shipper Rate Report is crafted with contributions from US Bank, Recon Logistics, and Blume Global. This is the second installment of a quarterly publication using freight payment data from US Bank in conjunction with FreightWaves SONAR datasets to create the most in-...
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US Bank Sees Freight Payments Dip In Fourth Quarter
Thursday, January 23, 2020 - 10:16am | 815U.S. Bancorp's (NYSE: USB) Freight Payment Indexes, which track shipments and spending, moved lower in the fourth quarter of 2019. Freight shipments The U.S. Bank National Shipment Index declined 5.4% year-over-year in the fourth quarter, down 4% sequentially from the third quarter of 2019. For...
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Meredith Whitney's Muni Market Call May Have Just Been 6 Years Too Early
Thursday, June 9, 2016 - 10:52am | 494Six years after Meredith Whitney told "60 Minutes" that municipal bonds were the “largest threat to the U.S. economy,” Whitney may finally be starting to feel some vindication. For years, Whitney was chastised by the Wall Street Journal and others for being totally wrong on her call for...