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The Current Banking Crisis – 10 Not So Apparent Lessons

South State Correspondent

Now, customers and analysts will pay more attention to Loans + Securities-to deposit ratio. Instead of just looking at LTD, investors, and depositors, will now look at loan plus securities to total deposits. That notion proved false, and the quality of that metric has forever changed.

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Main Street SMBs, Digital AP, GoodRx’s IPO Tops This Week’s News

PYMNTS

The global tech firm has teamed with payment processors Fiserv, PTS, FIS, CoreCard, Galileo, i2c, TSYS and Marqeta to give them digital guidelines that will let clients get almost instantaneous access to card information and peace of mind to make secure transactions, among other benefits. Time on Tuesday (Sept. 22) at the earliest.

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Facebook Embroiled In New Data Scandal, Prompting Fresh Calls For Regulation

PYMNTS

Late last week in a blog post, Facebook revealed the incident hours ahead of the release of media reports that Cambridge Analytica, which is conservative leaning and worked for the Trump 2016 presidential campaign, got access to data and did not delete the information. It’s clear these platforms can’t police themselves,” Democratic U.S.

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Regulatory Tracker: Sandboxes Gain, While Cryptos Wane

PYMNTS

The secretary of the Commonwealth in Massachusetts has put the brakes on five initial coin offerings in that state. The specific directive from William Galvin, the state’s head securities regulator, commands that those firms abandon the sale of what have been termed “unregistered securities.” 18 Moons, Across Platforms, Inc.,

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Facebook Loses $36.7B In Market Value Amid Steep Data Scandal Sell-Off

PYMNTS

With the social media giant facing severe backlash from regulators, politicians and consumer groups in both the U.K. Massachusetts Attorney General Maura Healey said over the weekend that her office is launching an inquiry into how Facebook data is used. Facebook’s stock tanked in trading Monday (March 20), erasing $36.7

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Tech Giants’ Stocks Down After Regulatory Oversight Agreements

PYMNTS

Shares in Facebook were down 8 percent after a Wall Street Journal story revealed the Federal Trade Commission (FTC) will have jurisdiction to examine the social media company over competition concerns. Some politicians, like Massachusetts Senator Elizabeth Warren , have been calling for the breakup of tech giants.

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Bitcoin Daily: German Crypto Firm Shuttered After Pyramid Scheme Accusations; People’s Bank Of China Denies Bogus Announcement Of Stablecoin Launch

PYMNTS

Department of Justice announced that two Massachusetts men were arrested and charged with conducting a scheme to take over victims’ social media accounts and steal their cryptocurrency. And the U.S.

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