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Day: September 10, 2021

Bank of America announces new CFO, technology and legal heads in sweeping management overhaul

Bank of America CEO Brian Moynihan announced the most sweeping management overhaul of his 12-year tenure atop the giant financial institution. In a memo distributed to employees on Friday, Moynihan named a new chief financial officer, technology head, general counsel and chief administrative officer. The firm’s management team added five new members, he said. “These …

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60-year veteran of Wall Street Art Cashin reflects on 9/11 and what it took to rebuild

A day before the 20th anniversary of 9/11, veteran trader Art Cashin reflected Friday on the impact of the terrorist attacks on Wall Street, the country and him personally. Cashin, who has been an NYSE member since 1964, was in lower Manhattan on the morning of Sept. 11, 2001. He remained in the stock exchange …

60-year veteran of Wall Street Art Cashin reflects on 9/11 and what it took to rebuildRead More

Canadian Employment Change in Line as Data Continues to Show Improvement

Canada’s employment change for the month of August came in roughly as expected: +90,200 vs +100,000 expected. The breakdown between full-time jobs and part-time jobs had a nice distribution, with three-fourths of the jobs going to full-time positions and one-fourth to part-time positions. The unemployment rate fell to 7.1% from 7.5%, vs 7.3% expected. In …

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British fintechs are jumping into the booming buy now, pay later market

A Mastercard debit card from U.K. digital bank Monzo. Monzo LONDON — Monzo and Revolut, two of Britain’s best-known financial technology firms, are planning to enter the booming “buy now, pay later” industry. Buy now, pay later, or BNPL, plans are an increasingly popular method of payment that lets users spread the cost of their …

British fintechs are jumping into the booming buy now, pay later marketRead More