Columbus, OH

The recent failure of one of the top banks in the tech industry, Silicon Valley Bank, has led to concerns about a broader financial crisis that could have far-reaching consequences. The US Treasury, Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) have taken extraordinary steps to prevent such a...

Silicon Valley Bank Depositors to Have Access to “All of Their Money” Following Government Intervention

Black Banx, a new digital-only challenger bank, has been making waves in the banking industry with its innovative approach and customer service. Compared to other established banks like Wise, Revolut, and N26, Black Banx offers an alternative experience that could benefit those who want more from their banking services. Convenience...

Black Banx: A Promising Digital Banking Business in 2022 and Beyond

A total of 94 US banks are at significant risk of experiencing bank runs by uninsured depositors if they show financial weakness, according to a new report. An analysis from Florida Atlantic University finds the billion-dollar banks in question – which include seven US financial giants – have all reported a 50% or higher ratio of uninsured deposits to total deposits.

94 US Banks at ‘Serious Risk’ of Bank Runs, Including BNY, State Street, JPMorgan Chase and Citi: Report

Starling Bank chief executive Ann Boden has expressed her opinion on the future of bank branches. She said: “Over time, I think that’s probably going to become the post office or a shared branch network. “I think in future it’s very, very unlikely that each of the big...

Starling Bank CEO Ann Boden:“very, very unlikely” big banks will all have branches on the high street in the future

Flagstone, the UK’s leading cash deposit platform*, has more than doubled the size of its Assets under Administration (AUA) since January 2023. The fintech business’s AUA now stands at £13.5 billion having consistently increased by more than £1 billion per quarter in the last 18 months.

Fintech Savings Platform Flagstone Doubles Customer Assets in 18 Months

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NewsNinja

A lady is cautioning others about purchasing budget earrings from Amazon, Shein, and H&M, after she experienced keloid formations on her earlobes due to wearing them. On a TikTok post that has garnered more than 334,000 likes, Sailor Rozema (@sailor.rozema), a content creator, shares a warning with her community of "dangly earring girls": the inexpensive jewelry found in fast fashion can have negative impacts on your well-being.

‘I’ll never be wearing earrings for the rest of my life’: Customer warns against buying from Shein

The Bank of England recently made headlines by rejecting the banking licence application of popular financial technology company Revolut. This decision has significant implications for both Revolut and the broader fintech industry. Revolut’s Ambitious Bid for a Banking Licence. Revolut, a UK-based fintech unicorn, has been disrupting the traditional...

Bank of England Rejects Revolut’s Bid for Banking Licence

Leading insurance core technology provider Socotra announced today that Jetty, the financial services company on a mission to make renting a home more affordable and accessible, has gone live and migrated Jetty Deposit, a surety product, and Jetty Protect, a renters insurance product, to Socotra’s cloud-native insurance platform. Jetty...

Innovative Renters Insurance Carrier Jetty Goes Live with Core Systems from Socotra in Less Than 12 Months

Missouri State

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CJ Coombs

Denny's was once a staple of the American diner landscape. In recent years, it has had its ups and downs, especially post-pandemic. The dining habits of people also change. Some customers have a more discerning taste.

Denny's: a legacy of serving customers for over 65 years including 27 locations in Missouri

The Guardian

Lenders may look to attract more deposits from savers to raise funds to repay Bank of England pandemic-era loans

Race for UK banks to repay £100bn in Covid loans could help savers 

Standing as the number one business priority for Nu in 2024, Mexico has proven to be a savvy choice in the company’s international expansion strategy: one year after the launch of Cuenta, the company has already surpassed 8 million customers in the country and $3.3 billion in deposits. As...

Digital Banking: With $3.3B in Deposits, 8 Million Customers, Mexico Stands Out Among Nubank’s High Growth Markets

As of June, hedge fund portfolios reported strong gains at two public pension plans that have long been allocated to a variety of hedge fund strategies. Recently, hedge fund firms including PineBridge Investments to Capula Investment Management have seen new commitments from allocators returning to hedging strategies as part of the more liquid segment of […]

Pension funds report hedge fund gains

Denver, CO

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David Heitz

The Denver City Council accepted Monday two grants totaling $24.5 million from the state of Colorado to pay for the homeless navigation campus it opened last year. One council member wants answers as to why wraparound services at the campus aren't up and running.

Denver homeless hotel wins $24.5 million grant, experiences wraparound services delay

The Hill

Former President Trump on Sunday night appeared to gloat in response to the global market sell-off and suggested his Democratic rivals were to blame. “STOCK MARKETS CRASHING. I TOLD YOU SO!!! KAMALA DOESN’T HAVE A CLUE. BIDEN IS SOUND ASLEEP. ALL CAUSED BY INEPT U.S. LEADERSHIP!” Trump wrote on his Truth Social platform late Sunday night.

Trump reacts to global stock-market sell-off: ‘I told you so!!!’

Jersey City, NJ

Essex County, NJ

Morristown Minute

NEWARK, N.J. – Efrin Wade, a former correctional officer at Essex County Correctional Facility (ECCF), has admitted to accepting $14,000 in bribes to smuggle contraband, including tobacco and a cell phone, into the facility for inmates. The announcement was made today by U.S. Attorney Philip R. Sellinger.

Correctional Officer Guilty of Smuggling Contraband: $14K in Bribes Accepted

In addition to collecting more than 8,000 used needles in the past year from Denver drug users, the Harm Reduction Action Center passed out 10,000 meth pipes and “snort kits,” according to a newsletter sent to its supporters Thursday. They also connected about 1,700 people to medical, mental health and substance abuse treatment.

Denver group hands out 10K meth pipes, ‘snort kits,’ connects 1,700 to treatment annually

Federal prosecutors have seized nearly $700 million in cash and assets connected to Sam Bankman-Fried, primarily in the form of Robinhood shares owned by the FTX founder, according to a court filing revealed on Friday. John Ray, who replaced Bankman-Fried as CEO to guide FTX’s restructuring, is attempting to rescue...

Federal Prosecutors Seize $700 Million in Assets Connected to Sam Bankman-Fried

Business Insider

Gautam Adani plans to retire at 70, in a transition that a family business professor said avoids "King Charles Syndrome."

Asia's second-richest man finally has a plan to hand over his company — but it's going to take a while

Ho's stake in the newly-public company is worth nearly $70 million. Bloomberg estimates his family's fortune at $13 billion.

Meet the 29-year-old son of a casino billionaire who just took his influencer and esports company public

J. Souza

A recent online discussion about how ice cream is served on Carnival Cruise Line ships has sparked conversation among passengers and the cruise line itself. The debate which was picked up by news outlets was started by a passenger who questioned why Carnival requires passengers to serve their own soft serve ice cream, unlike other cruise lines where crew members handle the process.

Carnival Cruise Line Defends Self-Serve Ice Cream Policy After Passenger Speaks Out

NewsBreak

The HSBC Takeover of Silicon Valley Bank’s UK Arm: A Positive Development for UK Scale-ups

The collapse of Silicon Valley Bank has sent shockwaves through the global start-up community and beyond. The bank serviced around half of all the Bay Area’s...

The HSBC Takeover of Silicon Valley Bank’s UK Arm: A Positive Development for UK Scale-ups

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