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Bank Of England Tells HSBC To Tighten Fraud, Staff Compliance

PYMNTS

HSBC posted an 18 percent loss in pre-tax profits for the third quarter of 2019 compared to the same period last year, reports said. Combined, the assets make up one-third of the bank’s capital, according to Stevenson. billion in pre-tax profits, below analyst expectations, with revenue at $13.36 The quarter posted $4.8

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Apple’s $250B Cash Hoard

PYMNTS

Most of that money is parked off-shore, a situation that President Trump seems to be aiming at ameliorating with a one-time tax holiday on corporate funds brought home paired with reforms that will lower corporate taxes. soil would give Apple flexibility to do more capital returns — though what that might look like remains unknown.

Apple 137
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Trizic Raises $3 Million in Seed Funding from Operative Capital

Fintech Labs Insights

Less than a week away from its Finovate debut in San Jose , wealth advisory technology innovator, Trizic has closed a $3 million seed funding round with Operative Capital. Operative Capital initially invested $1 million in Trizic, and this week increased its investment by another $2 million.

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What’s Up With SMEs: Payments Fraud, Mobile Lending, And Inflation

PYMNTS

When operating a small business, “up” is typically a positive direction. New data from Capital One found that half of SMEs surveyed said they are optimistic about current business conditions, up 9 percent from a year ago. likely fueled by federal plans for tax cuts that could boost corporate profits.

Fraud 100
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What Apple Didn’t Tell You Last Week

PYMNTS

Stockholm is the largest city in the small country of Sweden that’s famous for a few other things, too: charming and beautiful people, long dark winters, short but amazing summers, generous government and social benefits, and having one of the most progressive tax systems in the world. times the average Swedish income.

Apple 100
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The Current State of Ag Lending: Challenges for Borrowers, Lenders, and How to Overcome Them

Abrigo

“This advisory reminds financial institutions engaged in agricultural lending to maintain sound underwriting standards, strong credit and administration practices, effective risk management strategies, and appropriate allowances for losses and capital levels through the credit cycle,” the FDIC statement said.

Lending 195
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Politics: Can We All Just Get Along?

Jeff For Banks

I think capitalism is a better solution than socialism, as the latter creates so much more of an underclass. I wouldn't stop companies from paying executives so much, but would insist on transparency and not allow a company to deduct executive comp that is greater than some multiple of company average compensation on their Federal taxes.

Taxes 60