Sat.Dec 19, 2020

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The COVID-19 Grinch That Tried (And Mostly Failed) To Steal Christmas 

PYMNTS

Everyone knows the famous Dr. Seuss children’s Christmas story and movie “How the Grinch Stole Christmas.”. The Grinch — resident sourpuss in the fictional town of Whoville — is tired of the locals’ incessant Christmas cheer and noise, and decides he’s going to do something to end it. So he dresses up like Santa, descends into Whoville and steals all their Christmas presents, decorations and food in hopes that the residents (known as the “Whos”) will wake up and be brokenhearted that Christmas h

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British banks under pressure over £45m loans to firm with links to Myanmar military

TheGuardian

Campaigners say the deals revealed in new report are a breach of firms’ human rights responsibilities Human rights groups are demanding that two of Britain’s biggest banks explain why they have lent tens of millions of pounds to a technology company building a telecoms network that is part-owned and used by the Myanmar military. HSBC and Standard Chartered have loaned $60m (£44.5m) to Vietnamese telecom giant Viettel in the last four years, a period when the Myanmar military has been accused of

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Wells Fargo to sell student loan book to Apollo, Blackstone

American Banker

The $10 billion portfolio of what are described as high-quality private student loans will be serviced by Nelnet.

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'There’s nobody here': Covid turns Wall Street into a ghost town

TheGuardian

Exodus that started after 9/11 has accelerated — and many fear New York’s financial district will not recover Coronavirus – latest updates See all our coronavirus coverage “They used to stand at the bar three deep,” says John Moran, surveying the long, empty counter at Killarney Rose, a Wall Street bar that would, in another era, have been stuffed with early-shift construction workers and, at lunch and late into the evening, suited bankers.

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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper

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Warning over 'missed delivery' parcel scams this Christmas

TheGuardian

Fraudsters target online shoppers with texts and emails claiming to be from DPD or Royal Mail As millions shop online for Christmas, they are being targeted by fraudsters sending scam texts and emails that claim to be from the courier service DPD or Royal Mail, saying they are unable to deliver an item. Now highly prevalent, they feature a link to a website where the receiver is asked to input their bank card details to pay “extra” postage costs and told that if they do nothing their item will b

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