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Facebook Faces Billions In Possible GDPR Fines

PYMNTS

Also in Europe, the European financial markets regulator has said that it wants to spend one million euros to promote market stability in the region as pertains to cryptocurrencies and FinTechs. The amount was disclosed in the Annual Work Program, which had been devised by the European Securities and Market authority at the end of last month.

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Payroll Fraud Could Cost KeyCorp $90M

PYMNTS

Regional banking firm KeyCorp disclosed a massive instance of fraud on Tuesday (July 16) that could potentially cost $90 million, according to a report by CNBC. In a K-8 filing, KeyCorp, which is based in Cleveland, said the fraud involved a “business customer” and that it was discovered “on or about” July 9. Shares fell on the news.

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Pandemic: No Problem. And Messages From Our Financial Services Providers

Jeff For Banks

Highlight charities and wealthier individuals that are supporting the same, such as Kevin Love of the Cleveland Cavaliers donating $100,000 to support arena workers. Highlight brands that are supporting their hourly employees even in lieu of significantly declining revenues. Not sniping at politicians because I disagree with them.

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Fizzle Of The Week: Economic Cooperation (The Trade Kind, That Is)

PYMNTS

It’s not the conventional definition of national security.”. National security here is the lever to the trade war, as the Trump administration has said that the decline of domestic manufacturing means we cannot make the weaponry we need to provide, well, security. More from the administration in terms of foresight?

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