Amazon Launches a Credit Card for People Who Otherwise Wouldn’t be Eligible for One

Amazon wants to make their rewards credit card available to more people. To do this, Amazon partnered with Synchrony Financial, a publicly traded bank, and launched “Amazon Credit Builder” – a program for shoppers with no credit history or bad credit, who would otherwise not be able to obtain Amazon’s loyalty cards. Synchrony executive vice […]
  • Vladimir Sumina
  • June 11, 2019
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Several Banks Have Been Fined More Than €1 Billion for Currency Rigging

The European Commission has fined five banks with a $1.1 billion fine for rigging the foreign exchange market. Barclays, RBS, Citigroup, JP Morgan, and MUFG are facing fines, while UBS won’t suffer financial penalties, since it alerted the European Commission to these illegal activities. These illegal activities took place from 2007 to 2013, during which […]
  • Vladimir Sumina
  • May 17, 2019
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Banking on E.U. Commission Aid

The European Union Commission approved plans to support the struggles of two Italian banks through financial aid in order to maintain confidence in Italy’s banking system. The plans provide 4.8 billion euros in cash and 12 billion euros in guarantees to protect those that utilize the service provided by Banca Popolare di Vicenza and Veneto […]
  • Cedric Brenninkmeijer
  • June 26, 2017
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