HSBC Weighs Shutting US Retail Banking Unit
HSBC Weighs Shutting US Retail Banking Unit
November 29, 2020  |  Banking

HSBC Group is considering shuttering its U.S. retail banking operations after four decades trying to build a strong presence in the country, the Financial Times...

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Chinese Consumers’ Buying Expected To Surge After Months Of Caution
Chinese Consumers’ Buying Expected To Surge After Months Of Caution
November 29, 2020  |  Retail

A strong surge in consumer spending on retail is likely to be the main economic driver in China as the country recovers from the effects...

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Digital Sales Surge On Black Friday
Digital Sales Surge On Black Friday
November 29, 2020  |  Retail

Black Friday shoppers stayed home, delivering a feared blow to brick-and-mortar retailers on what usually is one of their biggest days of the year, the...

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UK Digital Markets Unit To Tighten, Enforce Big Tech Competition Rules
UK Digital Markets Unit To Tighten, Enforce Big Tech Competition Rules
November 29, 2020  |  Regulation

The British government is establishing a new Digital Markets Unit tasked with enforcing laws that apply to Big Tech companies, such as Google and Facebook,...

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COVID Programs Allowing Loan Deferrals Have Shown Mixed Outcomes
COVID Programs Allowing Loan Deferrals Have Shown Mixed Outcomes
November 29, 2020  |  Loans

The loan payment relief required by the federal CARES Act in response to household income disruption caused by the pandemic has produced mixed results, The...

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Biden Eyes Leaders With TIAA, Facebook And Google Ties For Economic Team
Biden Eyes Leaders With TIAA, Facebook And Google Ties For Economic Team
November 29, 2020  |  Economy

President-elect Joe Biden is weighing naming two of the highest-ranking Black leaders in finance to top roles in his administration — TIAA CEO Roger Ferguson...

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Facebook’s Libra To Make 2021 Debut As Single, Dollar-Backed Coin
Facebook’s Libra To Make 2021 Debut As Single, Dollar-Backed Coin
November 29, 2020  |  Cryptocurrency

Facebook‘s digital currency, Libra, could launch by January, but in a “limited format,” according to officials, as reported by Financial Times (FT). Libra, which has...

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Mix-N-Match Fake Shopping Holidays For Fun And Profit
Mix-N-Match Fake Shopping Holidays For Fun And Profit
November 28, 2020  |  Retail

Even though we’re strictly business here at PYMNTS, we’re always looking for the lighthearted. On that count, this holiday season strikes us as both funny...

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Whole Paycheck: Walmart Adds To Last Mile Services With JoyRun Acquisition
Whole Paycheck: Walmart Adds To Last Mile Services With JoyRun Acquisition
November 27, 2020  |  Retail

In the middle of the biggest week in the biggest season, Walmart and Amazon are making news with their moves to solidify their shopping experience...

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