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US Regulators Want Citigroup to Fix Risk Management Faster, Report Says
US Regulators Want Citigroup to Fix Risk Management Faster, Report Says
September 14, 2022  |  Regulation

Regulators at the Federal Reserve reportedly grown impatient with Citigroup’s response to its complaints about the bank’s systems for preventing mistakes. The regulators have repeatedly...

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US Commerce Chief Met with Apple, Amazon CEOs, Report Says
US Commerce Chief Met with Apple, Amazon CEOs, Report Says
August 31, 2022  |  Regulation

U.S. Commerce Secretary Gina Raimondo met with CEOs from big names like Amazon and Apple in the early months of her tenure, which could be...

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OCC: Banks Face Higher Compliance Risks Due To Pandemic
OCC: Banks Face Higher Compliance Risks Due To Pandemic
July 01, 2020  |  Regulation

The pandemic has heightened risks for pretty much everyone, including U.S. banks. The Office of the Comptroller of the Currency (OCC) said in a report this...

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Retail And Food Service Sales Plummet 16 Pct. For April
Retail And Food Service Sales Plummet 16 Pct. For April
May 15, 2020  |  Retail

Retail sales plummeted by a record 16.4 percent in April, according to the latest U.S. Census Bureau data, as many businesses are running on limited capacity...

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Why The Biggest US Retailer Will Stick To Stamps
Why The Biggest US Retailer Will Stick To Stamps
March 12, 2020  |  Retail

Quick: Who’s the biggest retailer in the U.S.? Not Walmart (5,500 stores). If you want to go to QSRs, it’s not even Starbucks (14,000) or...

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Fed Study: Wholesale Payments Vulnerable In Bank Cyberattack
Fed Study: Wholesale Payments Vulnerable In Bank Cyberattack
January 15, 2020  |  Safety and Security

A pre-mortem analysis sounds … ominous. Mortem, after all, is Latin for “dead.” And the term is attached to a report from the New York Federal...

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Report: Early Holiday Sales Up 2.2 Pct. YOY
Report: Early Holiday Sales Up 2.2 Pct. YOY
December 05, 2019  |  Economy

A new report by Bank of America Merrill Lynch Global Research said this holiday shopping season has been the best since 2013, according to a...

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Why FATF’s New Digital ID Report Will Be A Boon For Payments
Why FATF’s New Digital ID Report Will Be A Boon For Payments
November 13, 2019  |  Security & Fraud

The timing seems about right. As a brand-new decade looms – one that promises great strides for digital payments and commerce – digital ID, already...

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Mary Meeker Offers Digital Views For 2019 And Beyond
Mary Meeker Offers Digital Views For 2019 And Beyond
June 12, 2019  |  Commerce

Digital payments continue to be fueled by the growth of such areas as ridesharing and wearable technology, as well as the images used by various...

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