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These Are Your Most Profitable Cash Management Clients

South State Correspondent

The treasury or cash management customer is usually a bank’s most profitable customer on a risk-adjusted basis ( HERE ). In this article, we discuss cash management profitability and rank the most profitable industries for banks to go after. Cash flow stability is also a factor in cash management profitability.

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From California to Canada: RBC looks to move jobs north

American Banker

Royal Bank of Canada hopes to save money by moving positions from high-cost California to Vancouver. The Toronto-based company is looking to cut costs as it seeks to bolster the earnings of its Los Angeles-based City National Bank subsidiary.

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UK?s National Health Service Gave Tech Giants Access To Millions of Britons? Health Records

PYMNTS

United Kingdom officials gave a California software company access to the private personal data of millions of British residents to answer questions around COVID-19, CNBC reported. Palantir is required to replace names with pseudonyms or aggregate the data before sharing it, according to the contract.

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Software Firm Coupa Sets Up Public Portal Of Diverse Suppliers

PYMNTS

California-based spend management platform Coupa has launched a Diverse Business Directory to make it easier for companies, particularly large ones, to find “diverse and inclusive suppliers.”.

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Big Tech Compliance Tracker: EU Prepares To Propose New Big Tech Regulations; Turkey Fines Big Tech Platforms $1.18M

PYMNTS

The Digital Services Act is forecast to revamp content management on platforms such as Facebook and Google. A ballot measure ratified by a strong majority of California voters to increase protections for digital privacy could blaze a trail for similar measures throughout the nation. It is due to be put forward early next month.

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Jobless Claims Rise To 1.4M After 15 Straight Weeks Of Declines

PYMNTS

Just as it has been heartbreaking to see the nation still struggling with the devastating and all too often deadly health aspects of the COVID-19 pandemic, the persistence of elevated new unemployment claims shows the toll the virus continues to take on the economy,” he said in a statement. “At

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Microsoft Products Targeted In Russian Hack, Report Says

PYMNTS

As had already happened with SolarWinds' networking management software, Microsoft products were then used to foist scams on others, Reuters writes. In addition to this latest attack, another also recently happened involving the California cybersecurity firm Fire Eye, less than a week ago. sources told Reuters. On Sunday (Dec.

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