Category: Banking
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Fintechs Are Zeroing In on Everything Big Banks Aren’t
My north star(s) for philosophy, management, and politics are Star Wars, The Sopranos, and Game of Thrones, respectively. The Iron Bank (GoT) is a metaphor for today’s financial institutions, if present-day banks didn’t need bailouts or to invent fake accounts to juice compensation. Regardless, it was well known throughout Braavos that The Iron Bank will have its due. If you failed to…
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Judge Says Up To 20 Million Fintech Depositors Are At Risk From Synapse Bankruptcy
Getty The implosion of banking-as-a-service pioneer Synapse Financial Technologies is shining a harsh and unflattering light on a key link that has enabled the growth of the digital banking industry in recent years. At an emergency hearing Tuesday, U.S. Bankruptcy Court Judge Martin R. Barash, of the Central District of California, framed the situation starkly. “What…
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Owe Money To the IRS? Most People Don’t Realize You Can Do This
Getty Tax law is confusing, to say the least. It’s all the more complicated if you’re a business owner, 1099 worker, or have multiple jobs. All too often, hard-working people are surprised to find out they owe the IRS a big sum of money. It happens to millions of Americans every year. Talk about intimidating.…
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U.S. Banks Seek Rule Changes For Bitcoin ETF Inclusion
U.S. banking groups seek entry into Bitcoin spot ETFs, urging SEC for a rule change for participation in the market. Several prominent U.S. banking groups are actively pursuing entry into the Bitcoin Exchange-Traded Funds (ETFs) landscape, prompting a collective plea for a rule change to facilitate their participation in the bitcoin spot ETFs space. On…
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