Trump Signs Order To Ban Transactions With Alipay, Other Chinese Apps

U.S. President Donald Trump signed an executive order to ban transactions with eight Chinese software applications. These include Alipay mobile payment app, owned by Chinese billionaire Jack Ma’s Ant Group, and Chinese tech giant Tencent Holdings Ltd.’s QQ Wallet and WeChat Pay, among others. The order calls for the United States to take aggressive action against developers of Chinese software […]

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THE BANKING-AS-A-SERVICE REPORT: The major players and best practices behind the business model that's reshaping incumbents' DNA

This is a preview of the Business Insider Intelligence Banking-as-a-Service premium research report. Purchase this report here. Business Insider Intelligence offers even more banking coverage with our Banking Briefing. Subscribe today to receive industry-changing financial news and analysis to your inbox. Banking-as-a-Service (BaaS) — when banks or fintechs offer up their own services for other companies to use, enabling third […]

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'Let us do the work first': Incoming Citigroup CEO Jane Fraser fended off tough questions about how she'll right the ship as her predecessor Mike Corbat prepares to exit

Jane Fraser, Citigroup's incoming chief executive, will step into the role in February, but made her debut in front of analysts on the firm's quarterly earnings call Friday. Fraser struck a cautious note in referencing the significant regulatory and compliance hurdles the beleaguered global bank faces, but showed deference to her outgoing boss Mike Corbat. Corbat — who, next month, […]

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Holiday Retail Sales Rise 8.3% Defying The Pandemic

U.S. holiday retail sales in 2020 were unexpectedly high compared to last year and came in significantly higher than the previous forecast, according to the National Retail Federation or NRF. Retail sales for the November-December 2020 holiday season grew 8.3 percent from the prior-year period to $789.4 billion. The figures exclude automobile dealers, gasoline stations and restaurants. The strong increase […]

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This Is the Worst Movie Sequel Ever Made

Movie sequels and prequels are more common than ever. At their best, sequels are a win for both the studios that produce them and the audiences who get to enjoy yet another installment of a familiar story. Not all movies are created equal, however. Some sequels leave moviegoers wishing they had never been made. Major movie studios are almost certain […]

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Snapchat Permanently Bans Trump

Image-centric social media network Snapchat has permanently banned President Donald Trump from its platform over his “attempts to spread misinformation, hate speech, and incite violence.” The American multimedia messaging app developed by Snap Inc. last week had announced an indefinite suspension of Trump’s Snapchat (SNAP) account. In a statement Wednesday, a Snapchat spokesperson said the company has been assessing what […]

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