Bank of England Building Its CBDC Team
Bank of England Building Its CBDC Team
April 09, 2023  |  CBDC

England’s central bank has reportedly begun hiring workers to develop its digital currency. The Bank of England (BOE) wants to create a team of up...

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SPAC Companies Heave Under Billions of Goodwill Write-Downs
SPAC Companies Heave Under Billions of Goodwill Write-Downs
April 09, 2023  |  SPAC

The recent wave of SPAC mergers led to billions in goodwill write-offs last year. The trend — reported recently by The Wall Street Journal —...

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Walmart Suit Seeks to End Capital One Card Relationship
Walmart Suit Seeks to End Capital One Card Relationship
April 09, 2023  |  Walmart

Walmart has reportedly sued Capital One to end a 4-year-old credit card partnership. According to published reports Friday (April 7), the retail giant accuses the...

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Binance.US Scrambles to Find Banking Partners
Binance.US Scrambles to Find Banking Partners
April 09, 2023  |  Cryptocurrency

The American partner of Binance is reportedly struggling to find a bank for its customers. The problem began following the downfall of Signature Bank and...

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Report: Climbing CPI Could Force More Fed Rate Hikes
Report: Climbing CPI Could Force More Fed Rate Hikes
April 09, 2023  |  Economy

Durable U.S. inflation last month could test the Federal Reserve. As Bloomberg News reported Saturday (April 8), upcoming government data is expected to show a 0.4% increase...

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Report: Russians Find US Payments Sanctions Hard to Sidestep
Report: Russians Find US Payments Sanctions Hard to Sidestep
April 09, 2023  |  Payment Methods

One year after the world sanctioned their country, Russians have gotten creative in finding payment solutions. That’s according to a report Sunday (April 9) by...

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Emerging Economies Face FX Challenges
Emerging Economies Face FX Challenges
April 09, 2023  |  Economy

Most of the world’s developing economies saw foreign exchange reserves dwindle during the COVID-19 pandemic. That’s according to a report Sunday (April 9) by the...

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JCards Launches Time-Tracking App for Mobile Workforces
JCards Launches Time-Tracking App for Mobile Workforces
April 07, 2023  |  Back-office

JCards has launched a time-tracking app designed for mobile workforces. Companies in the construction, trade industries and other workforces operating across multiple locations and worksites can...

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Bank Liquidity May Be Squeezed by Drop in Loan Market Value
Bank Liquidity May Be Squeezed by Drop in Loan Market Value
April 07, 2023  |  Digital-First Banking

Banks’ market-value losses on loans have reportedly been rising along with interest rates. Ninety-seven percent of a sample of publicly traded United States banks reported...

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