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Bank Value: Here is a Better Way to Calculate and Manage

South State Correspondent

The Better Way to Calculate Value: Customers and Product If you lower deposit rates in this market, you will likely lose customers to competition that may be paying 5% or greater. If you know the cumulative lifetime value of each customer and each product, you are on the precipice of having one of the most profitable banks in the market.

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Ex-Uber Exec To File $250M SPAC IPO Backed By Former Google CEO

PYMNTS

A former Uber executive is planning to launch a $250 million initial public offering (IPO) for a blank check company whose advisors include billionaire Eric Schmidt, an ex- Google CEO, IPO Edge reported. 2) for DPCM Capital Inc. , Josh Harris , co-founder of Apollo Global Management , said the SPAC trend is not a flash in the pan.

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DOJ, State AGs Could Combine Google Investigations

PYMNTS

The probe is centered on whether Google’s monopoly of the online search world – and the ensuing advertising revenue it commands – represent an illegal form of market control. states, the District of Columbia and Puerto Rico formally launched an investigation into Google. Thus far, U.S.

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Google's Former CEO Schmidt Invests In New $111 Million EU Tech Fund

PYMNTS

Former Google CEO Eric Schmidt is among the backers of a new $111 million European early-stage venture capital fund, according to CNBC. 30) by London-based venture capital firm Firstminute Capital , CNBC reported. 30) by London-based venture capital firm Firstminute Capital , CNBC reported.

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Alphabet Market Cap Hits $1T

PYMNTS

Google’s parent company Alphabet is the fourth U.S. tech firm to reach $1 trillion market value, joining Apple, Amazon and Microsoft in hitting the milestone, according to reports on Thursday (Jan. Apple was the first tech giant to see its market cap top $1 trillion. You almost can’t live your life without Googling things.”.

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India’s Tata Capital Introduces App For Commercial Loan Clients

PYMNTS

Mumbai-based Tata Capital , a division of Tata Group, is rolling out a mobile app to make it easier for its business loan customers to manage their accounts. Tata Capital is deeply invested in providing easy access of credit to merchants and dealers through its Channel Finance and Term Loan products.

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Google Keeps Eye On India With Bid For $4B Stake In Jio

PYMNTS

Google is adding more fuel to its drive into India’s tech industry with a bid to buy a $4 billion stake in Jio Platforms, a Reliance Industries subsidiary in which Facebook has invested $5.7 Indian billionaire business magnate Mukesh Ambani is the managing director and largest shareholder in Reliance. billion for a 10 percent stake.

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