Jeff Bezos is already the richest man in the world but his new business could net him another $100 billion according to a stunning analysis. Amazon has already cornered the boring
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- N26 Exits UK Market Citing Brexit as Reason February 13, 2020The challenger bank N26 pulled out of the UK market this week, citing Brexit as the reason for its departure. Saying that it will no longer be able to service Britain now that it has left the European Union, N26 has stopped onboarding new customers and will be closing all British accounts on April 15th. […]
- Varo Receives FDIC Approval for Bank Charter February 12, 2020Varo Money, the company that has been providing customers with app-based banking since 2017, has just received approval from the FDIC to take deposits. Having been working towards this for the previous three years through various rounds of applications to the FDIC, Varo CEO Colin Walsh told CNBC that “it was a long process – […]
- Bank, Auto Lender, and BFS Capital Are New Additions to Canadian Lenders Association’s Board February 11, 2020The Canadian Lending Association has announced today that it has three newcomers to its board: BFS Capital’s CEO, Mark Ruddock; Cox Automotive Canada’s EVP, Jerome Dwight; and BMO’s Head of Specialty Finance and Loan Syndication in Canadian Commercial Banking, Lyla Kanji. In a statement, Kanji said that she was “excited to join the CLA board […]
- The Story Behind The #BrokersAreBetter Super Bowl Commercial February 7, 2020Watching the Super Bowl, you may have seen a number of oddities: the resurrection of a peanut as an infant, the tattooed inside of a popular rapper’s head, Google’s plea to be the hub for all your elderly relatives’ memories, and, on top of it all, a cheeky spar between mortgage lenders. Quicken Loans, the […]
- New York Appellate Court Overturns QFC, LLC v Iron Centurian, LLC February 7, 2020The Appellate Division, 2nd Department of The Supreme Court of New York, overturned QFC, LLC v Iron Centurian, LLC and Mohamed Sadiqui last month, granting victory to a merchant cash advance company. The case can be summed up as follows: A Confession of Judgment (COJ) was filed by plaintiff against defendants for breach of contract. […]