Financial ServicesIndustry News

Citi launches tech hub in Bahrain to develop its digital platforms, according to Reuters

From Reuters: DUBAI (Reuters) - Citi launched on Monday a global technology hub at its Bahrain offices, the first of its kind in the region and with the aim of employing 1,000 coders over the...

PayPal headlines: Fact check: Treasury proposal wouldn’t levy new tax on PayPal, Venmo transactions

From USA TODAY: A proposal from the Department of the Treasury aimed at decreasing tax avoidance has become the subject of misinformation online. One Facebook post claims the “new tax bill” would tax transactions exceeding ...

TechCrunch on PayPal: This Week in Apps: PayPal launches ‘super app,’ Twitter adds crypto tips, Apple won’t take Fortnite back

From TechCrunch: Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry continues to grow, with a...

Latest PayPal customer news: PayPal’s updated app helps it act more like your bank account

From The Verge: PayPal is updating its mobile app with a new visual design, support for a high-yield savings account, and a way to find coupons in-app. In the past, the company prioritized sending and...

Citi blocked PDVSA attempt to pay Siemens, executive says at trial, according to Reuters

From Reuters: NEW YORK (Reuters) - Citigroup Inc blocked an attempt by Venezuelan state oil company PDVSA to make debt payments to a Siemens unit, a Citi executive testified on Wednesday in a U.S. trial...

Citibank news: Citi Wants Grand Jury Docs In Ex-Trader’s Forex Probe Suit

From Law360: By Rachel Scharf (September 22, 2021, 7:14 PM EDT) -- Citigroup Inc. asked a New York federal judge Tuesday for access to records from the grand jury that indicted a former London-based trader...

Bloomberg Law on Citibank: Citi Sharing Post-Trade Data With Snowflake to Ease Settlement

From Bloomberg Law: Citigroup Inc. will begin sharing some data with cloud-storage software maker Snowflake Inc., a move that will help the bank reduce costs and streamline some of its post-trade processes. Any time a trade...

Chase Bank customers take note: JPMorgan Chase is buying college financial aid platform Frank

From CNBC: JPMorgan Chase has acquired college planning platform Frank to deepen relationships with students and their parents, CNBC has learned exclusively. Frank is an online portal with tools that help students apply for and negotiate...

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Uber news: Brits using Uber and other taxi apps face long waits and fare hikes amid driver shortage

From CNBC: LONDON — Hailing a ride on apps like Uber and Bolt is now almost impossible at certain times...

Forbes on Uber: Uber Drivers Plan Day Of Protests In The UK

From Forbes: Uber faces a day of protests from drivers in the UK over working conditions. The App Drivers & Couriers...

Top Comcast story from Telecompetitor: Comcast Plans $26 Million Greater Philadelphia Expansion

From Telecompetitor: PHILADELPHIA, Sept. 27, 2021 /PRNewswire/ — Comcast Business today announced a two-year, $26 million investment in a major...