article thumbnail

Buffett’s Berkshire Hathaway Dumps US Bank Stocks For Gold

PYMNTS

Based on its second quarter filing with the Securities and Exchange Commission, Reuters reported Berkshire reduced its Wells Fargo stake by 26 percent to 237.6 In May, the banking industry was the runt of the litter of the stock market rally as interest rates sank and loans crumbled. million shares, lowered its stake in J.P.

US 322
article thumbnail

Berkshire Hathaway Dumps US Bank Stocks, Adds Canadian Mining Company

PYMNTS

Based on its second quarter filing with the Securities and Exchange Commission, Reuters reported Berkshire reduced its Wells Fargo stake by 26 percent to 237.6 In May, the banking industry was the runt of the litter of the stock market rally as interest rates sank and loans crumbled. million shares, lowered its stake in J.P.

Company 249
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Synchrony Says Erroneous Email Not Tied To Data Breach

PYMNTS

Although Alibaba and JD.com usually lead China’s eCommerce market, the four-year-old Pinduoduo is “popular with China’s lower-tier city residents” and attracts customers with offers of discounts and deals, per reports.

Data 130
article thumbnail

Justice Department, SEC Investigating Under Armour

PYMNTS

Securities and Exchange Commission (SEC) and the U.S. Plank was a University of Maryland football player when he founded Under Armour in his grandmother’s basement. The company had been spending more to bolster its international market online offerings as well as open stores. for many years.

Baltimore 104
article thumbnail

Lawmakers Question Amazon About Ring Smart Doorbell Data

PYMNTS

Five senators wrote a letter to Amazon CEO Jeff Bezos, asking him to explain how security surveillance company Ring uses peoples’ data and video, according to a report by CNBC. Ron Wyden of Oregon, Chris Van Hollen of Maryland, Ed Markey of Massachusetts, Chris Coons of Delaware and Gary Peters of Michigan sent a letter Wednesday (Nov.

Data 100
article thumbnail

Deep Dive: Digital ID Developments From Around The World

PYMNTS

Even though biometrics offer notable security advantages, they do come with risks. The following Deep Dive examines the potential use cases for biometrics in national identification systems and the security pitfalls they could encounter. . Colorado, Idaho, Maryland, Wyoming and Washington, D.C., A reported 3.6

Security 159
article thumbnail

Boosting Access To Financial Services In Brazil

PYMNTS

A recent partnership in India aims to add further biometric security to the nation’s Aadhaar system. Identity Devices Sweden AB will provide a new biometric privacy platform (BPP) to Aadhaar, essentially adding a new layer of security to its online and offline authentication systems. Deep Dive: Making National IDs Biometric-Friendly.

Wyoming 134