“The trial has charted how the Barclays executives battled to clinch a deal with Qatari investors who made tough demands” reports businessinsider.com. Varley described the investors as “new cocks of the roost” in an email to Agius on June 5, 2008, which was shown to the court. Source: businessinsider.com
Read More“The account replaces the previous “Aspiration Summit Account,” a cash account offered through Aspiration’s former partnership with Boston-based bank Radius Bank” writes Madeline Shi for businessinsider.com. Nearly two-thirds of Aspiration’s customers are under 35, and most of them are spread across the country.Aspiration became a SEC-registered broker dealer last year, so the company is ending its dependence on a third-party bank account structure.Aspiration, an online bank founded on the idea that customers should pay what they think is fair, is rolling out a new offering that’ll pay you to shop…
Read More“The corporate law firm, which has helped over 300 startups raise more than $500 million in venture capital, now accepts direct cryptocurrency payments via Bitpay” reports bitcointoday.club. We speak our clients’ language and now accept payment in their preferred currency.” What do you think about law firms accepting bitcoin payments?. Cryptocurrency ventures that don’t wish to convert their holdings to fiat can now pay for legal services with bitcoin cash (BCH) or bitcoin core (BTC) with Atrium.Also Read: Wikipedia Now Accepts Bitcoin Cash Donations via Bitpay Atrium, a legal services…
Read More“A financial company is giving crypto holders the opportunity to take out cash loans while using their digital assets as collateral” writes Connor Blenkinsop for cointelegraph.com. Meanwhile, YouHodler believes its product helps traders leverage their crypto portfolio with additional cash in order to buy further digital assets.Six cryptocurrencies are accepted as collateral, including Bitcoin, Litecoin, Ethereum, XRP, Bitcoin Cash and BSV. Others, including XLM, Dash and ZCash, are said to be in the pipeline. Instead, the platform wants to adopt a more user-friendly, fast and sustainable approach than old-fashioned institutions…
Read More“With faster payments functionality beginning to take off in the U.S., the outlook of how accelerated transaction times might impact B2B payments and, more specifically, the issue of late payments to suppliers, remains unclear” reports pymnts.com. Yet, another key factor behind faster payments’ inability to accelerate supplier payments, both across Europe and in the U.S., is a lack of remittance data, he said.Addressing the remittance data gap may certainly help to spur adoption of digital and faster payments in the B2B arena.Companies weren’t any better off after faster payments.” One…
Read More“Chinese mining giant and ASIC hardware producer Bitmain has announced its next generation 7nm (nanometer) ASIC mining chip, according to a press release published on Monday, Feb. 18” writes Ana Berman for cointelegraph.com. The new mining hardware, BM1397, is designed for mining cryptocurrencies that use the SHA256 algorithm for their proof-of-work (PoW), such as Bitcoin (BTC) and Bitcoin Cash (BCH).For instance, Japanese internet giant GMO Internet Group revealed it was leaving the Bitcoin mining hardware sector in December 2018, citing the significant Q4 losses.Other major mining companies are also facing…
Read More“Blake stresses that while Help To Buy looks appealing, you should always seek proper mortgage advice first, as it depends on your personal circumstances” writes unknown author for huffingtonpost.com. Read on for some expert tips on saving for a deposit and finding a mortgage that’s right for you. [Read More: What does overpaying on your mortgage mean and should you be doing it?] 1.The government will lend you up to 20% of the sale price, then you borrow the rest from your mortgage lender.Before you do anything, use a mortgage…
Read More“Student lender Social Finance last year launched a checking account with a 2 percent interest rate, and British money transfer company TransferWise introduced a low-cost multi-currency account” reports businessinsider.com. The Silicon Valley start-up hopes to be able to automate the management of all of its customers’ finances and said that the launch of the cash account was a step towards that goal.Wealthfront clients will be able to open the account by depositing as little as $1, the company said.Wealthfront, which has more than $11 billion in assets under management, is…
Read More“The announcement comes two months after Robinhood’s botched attempt to launch its own cash account, which it had marketed as a checking and savings account” writes Kate Rooney for cnbc.com. The decade-old fintech company, which began as an automated financial advisor start-up, announced the launch of a cash account Thursday.The cash account is meant to complement those planning and investing programs.The company said it cleared the cash account idea with regulators ahead of the launch. “That leaves a future in financial services to be enacted through clicks, not conversations.”. Source:…
Read More“The category of government and agency securities includes Treasury notes, like two-year and 10-year bonds, and securities issued by government-sponsored enterprises like Fannie Mae and Freddie Mac” writes Jeniece Pettitt for cnbc.com. Amazon increased its U.S. government and agency securities holdings by a record $6.8 billion in 2018, ending the year with $11.7 billion worth of the debt, the most ever, according to the company’s annual report.That’s more than double the amount Amazon had in the previous year and the most as a percentage of total cash, equivalents and marketable…
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