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Ex-Vatican Bank President, Lawyer Charged With Embezzlement

PYMNTS

According to a report in the Associated Press , the two are being blamed for more than 50 million euros of losses in real estate sales. Their trial is slated to begin on March 15, reported the news service, noting that a third suspect passed away while being investigated. The two were ordered to pay back the bank, noted the report.

Taxes 101
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Where People Spent Stimulus Payments – And Where They Didn’t

PYMNTS

A recent report by the National Bureau of Economic Research (NBER) finds that recipients of the initial $2.2 In one example, with the 2001 tax rebates, households spent roughly 20 percent to 40 percent of those funds in the first quarter after receiving them, with two-thirds spent over the first six months.

Payments 173
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Online Sports Betting Gets A Super Bowl Workout

PYMNTS

sports betting event of the year, and the first big test of legalized online sports gambling in the wake of last year’s Supreme Court decision that overruled previous prohibition — a ruling that allowed states besides Nevada to allow such wagering operations. But it stands as the major U.S. Rams were not the worthiest of opponents).

Las Vegas 122
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A Decline in Personal Savings

TrustBank

The BEA calculates the personal saving rate by subtracting taxes from personal income to arrive at “disposable personal income” and then subtracts personal outlays. While October’s US personal saving report raised a few eyebrows, it’s worth acknowledging that we’re living through a unique period in time.

US 52
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Consumer Lending: Should Banks Do It?

Jeff For Banks

Consumer loans for those banks that utilize my firm’s outsourced profitability reporting service lost (0.26%) as a percent of the average consumer loan portfolio in the fourth quarter. Ever since we formed our company in 2001, this has been the case. So I reconsidered my knee-jerk reaction to the Pew Charitable Trusts report.

Lending 60
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Fools Rush In: 37 Of The Worst Corporate M&A Flops

CB Insights

Download the free 31-page State of Innovation report. eBay also changed the management team in charge of Skype a reported four times during its four years with the e-commerce site, before selling off 65% of the company to Silver Lake, Andreessen Horowitz, and the Canada Pension Plan Investment Board in 2009 for $1.9B. Price: $7.9B.

Google 76
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Tracking The Trends That Shaped 2020’s The Digital-First Economy

PYMNTS

This year, the PYMNTS data and analytics team published 252 reports that tracked the data, innovations and disruptive thinking that are reshaping the payments and commerce business. The Trackers use a number of creative methodologies and frameworks that measure and benchmark an ever-changing landscape. Buy Now, Pay Later.

Trends 259