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The Finanser’s Week: 15th May – 21st May 2017

Chris Skinner

As a result, I can easily call my partner and tell them I’m on a business trip to stay with my … Banks’ leadership teams are fatally flawed I was chairing a conference with various speakers, when Gartner Group stood up and talked about their annual bank survey.

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Don’t Be Caught Unprepared for the New Excise Tax

SWBC's LenderHub

As you may have heard, there’s a new tax that affects tax-exempt entities, including credit unions.

Taxes 68
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GonzoBanker Awards 2017

Gonzobanker

Seriously, sit back with a pocket flask of Pappy Van Winkle, smoke a cigar (or your combustible of choice if you live in Colorado, California, Washington, Oregon, Nevada, Main or Massachusetts) and enjoy the 2017 GonzoBanker Awards. Malls, retail stores and even some bank branch closings proliferated in 2017. Payments chaos.

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Deutsche Bank Accounting Head Stands Aside Over Wirecard Scandal

PYMNTS

9) that it had reviewed an email to Deutsch Bank staff announcing that Brigitte Bomm, global head of tax, would replace Loetscher effective immediately. Apas suspects that EY partners knew they were issuing “factually inaccurate” audits for Wirecard in 2017 and 2018, according to the FT report. The FT reported Wednesday (Dec.

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India Moves To Outlaw Cryptocurrencies

PYMNTS

A panel meant to draft cryptocurrency regulation legislation was formed last year under the leadership of Finance Secretary Subhash Chandra Garg, and many government departments in India support the ban. He is believed to have been running the scheme since around the crypto surge at the end of 2017.

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Online Lender SoFi Sees $12M Loss In Q3

PYMNTS

Online lender Social Finance (SoFi) continues to struggle, recording an adjusted loss of around $12 million during the third quarter before interest, taxes, depreciation and amortization. According to The Wall Street Journal ( WSJ ), the earnings losses follow an adjusted profit of $56 million in Q3 of 2017.

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Airbnb Tops $1B In Q3 Revenue

PYMNTS

One person close to the financials at Airbnb told CNBC that the company is on track to be profitable for the second year in a row as measured by earnings before interest, taxes, depreciation and amortization. In 2017 Airbnb had $100 million in profit on $2.6 billion in revenue, the unnamed source told CNBC.