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Biden Picks BlackRock’s Deese To Head National Economic Council

PYMNTS

President-elect Joe Biden has announced a new director of the National Economic Council in Brian Deese , the current head of sustainable investing at BlackRock , CNBC reported. The appointment doesn't require Senate confirmation and shows the focus Biden has had thus far on fighting the COVID-19 pandemic as well as refocusing U.S.

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Things worth reading: 2nd November 2016

Chris Skinner

Things we’re reading today include … Standard Chartered faces Hong Kong IPO investigation Dan Wagner, the tech visionary who cannot accept that he failed UK must retaliate against cyber-attacks says chancellor Standard Chartered drags down FTSE 100 Virgin Money brushes aside Brexit vote concerns UK to increase national cyber-defence grid (..)

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Today In Digital-First Banking: Ukrainian Bank Teams With FinTech Startup; Oportun Pursues US National Bank Charter

PYMNTS

In today’s top news in digital-first banking, Ukrainian financial institution UKRSIBBANK is collaborating with Sweden-based FinTech upstart Dreams, while Oportun Financial is pursuing a national bank charter with the Office of the Comptroller of the Currency (OCC). Dreams rolled out in Sweden in 2016 and Norway in 2018.

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Retail Sales Will Be Greater Than Anticipated In 2016, According To National Retail Federation

PYMNTS

Because consumer spending is expected to be higher than anticipated in 2016, with sales growing at a rate of 3.4 percent, the National Retail Federation said on Tuesday (July 26). In the first quarter of 2016, retail sales grew at a pace of about 4 percent. percent instead of the previously forecasted 3.1

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Things worth reading: 19th July 2016

Chris Skinner

Things we’re reading today include … Labour pledges national investment bank to mobilise £500bn World’s 20 biggest banks rack up £252bn ‘conduct costs’ in five years This Bank of England chart shows how the rich got richer and the poor got poorer since 2010 US bank buys new office block in London FCA considers using … (..)

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PYMNTS Daily Data Dive: National Returns Day

PYMNTS

On this year’s National Returns Day — January 5, 2017 — more than 1.3 That’s up nearly 30 percent from 1 million packages on last year’s National Returns Day. Here are the numbers: 1/5/17 | National Returns Day. million | Items returned on National Returns Day in 2017. 1 million | Items returned in 2016.

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Estonia Shelves Plans For National Cryptocurrency

PYMNTS

Estonia has shelved plans to develop its own national cryptocurrency after the idea prompted criticism by banking authorities and Mario Draghi, the Italian economist and president of the European Central Bank. Much of the money was reportedly laundered through bank accounts belonging to non-residents, Reuters reported. “In