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After A Century, Barclays Steps Back From Africa Operations

PYMNTS

The decision to pare back operations in Africa — where the company will sell off much of its 62 percent ownership in publicly traded Barclays Africa — represents what The New York Times said was a step back from one of the key pillars of Barclays’ long-term strategy, right in lockstep with credit cards and investment banking.

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NYC Taxi Commission Accused Of $810 Million Fraud

PYMNTS

She’s alleging the city profited by that same amount selling medallions and by collecting a 5% tax on third-party transfers. A taxicab medallion is a numbered plate required to operate a yellow cab. The price of an individual taxi medallion sold at an auction skyrocketed 240 percent from 2004 to 2014, from $283,300 to $965,000.

Fraud 223
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Ant Financial Posts Rare Quarterly Loss

PYMNTS

Ant Financial , the Chinese FinTech giant and an affiliate of Alibaba Group , posted an earnings pre-tax loss of 2.4 The Wall Street Journal ( WSJ ), citing Ant, reported that the company had a pre-tax profit of 5.3 Ant operates Alipay, the digital payment service in a battle with Tencent ‘s WeChat Pay for dominance in China.

Taxes 134
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Portfolio Management

Independent Banker

During my 20-plus years of dealing with community bankers, either as an investment strategist, sales rep or business-development manager, I have come to understand that certain buzz words fall on deaf ears. tax-equivalent yield, 2.) In all of 2014, it had simple price appreciation of 11.39 percent for 2014. They are 1.)

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3 top tech trends for public accountants to watch in 2017

Abrigo

The thing about databases is they’re siloed and they’re generally centralized, and they’re owned and managed by someone who has unilateral editorial rights. Asgeirsson noted that cloud computing has helped turn client accounting services into a high-margin, high-growth line of business for many firms. Register here.)

Trends 218
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ClickBank Teams Up With Fully Accountable On eCommerce Accounting Services

PYMNTS

Fully Accountable, which launched in 2014, offers specialized accounting services for eCommerce and digitally based businesses. At ClickBank, he will manage the company’s financial management and growth strategies, including the accounting, treasury, tax and financial-planning functions.

Strategy 124
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Ensuring AML Programs Minimize Personal Liability

Abrigo

The former Chief Operational Risk Officer was fined for insufficient action on AML program deficiencies and staffing issues. Bancorp said it had made “significant investments since 2014 to improve and strengthen its AML and BSA controls, including a new AML and BSA leadership team as well as improved and enhanced processes and systems.”.

Resources 195