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Consumer protection agency investigating Venmo’s collection practices

The Verge

First reported by The Wall Street Journal , the filing shows Venmo owner PayPal received a Civil Investigative Demand from the CFPB on January 21st, “related to Venmo’s unauthorized funds transfers and collections processes, and related matters.”. Earlier this week, PayPal reported net income of $1.57

Banking 106
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Amazon wealth reigns: Jeff Bezos, MacKenzie Scott lead list of top U.S. philanthropists for 2020

GeekWire

.” Bezos is currently the richest person on the planet, with a net worth that stands at a staggering $192 billion, according to Forbes. ” Scott’s net worth is estimated at $58 billion. . ” Scott’s net worth is estimated at $58 billion.

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Wireless pioneer Craig McCaw files IPO for new Seattle-area ‘blank check’ tech company Holicity

GeekWire

are using the tactic amid the COVID-19 crisis as an alternative to the volatile IPO market, the Wall Street Journal reported. Forbes estimates his net worth to be $1.8 He co-founded Holicity with Randy Russell, a former Deutsche Bank and Bank of America exec who leads Pendrell subsidiary Pendrell Financial Services.

Company 109
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5 Apps Every Entrepreneur Should Bookmark in 2020

Galido

This money tracking app integrates with your bank account and categorizes your income and expenses so you can get real-time cashflow data. Mint also provides higher-level insights, like your credit score and net worth. Mint is a money management software put together by Intuit. DisputeBee.

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Former AWS real estate managers, accused of taking millions in kickbacks, challenge Amazon’s motives amid FBI investigation

GeekWire

Nor has the company canceled two contested land deals, one of which saw Nelson and Kirschner work with two Northstar employees to buy land in northern Virginia and sell it to Amazon — netting them a collective $18 million in the process. Weeks passed before Watson was sent a Washington Business Journal article on the sale.

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Société Générale had pathetic risk controls

Victus pro Scientia Opus -- Food for the Knowledge

Billion: A Trader’s Tale in the Wall Street Journal by David Gauthier-Villars and Carrick Mollenkamp. The journalists don’t explain much. The article does say that this trader had SocGen up by 500 million euros as one point, but that the bank didn’t notice. That real money comes out of real bank accounts.

Banking 45
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The spectacular implosion of crypto’s biggest star, explained

Vox

Billions of dollars have been wiped from Bankman-Fried’s net worth. In a call with investors on Wednesday first reported by the Wall Street Journal , Bankman-Fried told investors he needed $8 billion to cover all of the requests customers were making to withdraw their money. Regulatory probes are certainly on the horizon.

Banking 142