SoFi CEO: Company Can Handle Fed Rate Hikes

Anthony Noto, CEO of the financial company SoFi, said this week that his company is preparing for a landscape with higher interest rates, and that it favors quality over quantity, according to CNBC. “We have really strong risk controls,� Noto said in an interview with Jim Cramer on the CNBC show “Mad Money.� “We take it very seriously.� Noto also noted

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HSBC To Launch AML System With Google Cloud

HSBC, one of the largest banks in the world, wants to launch its new cloud-based anti-money laundering risk management system by next year, according to Reuters. In cooperation with Google Cloud, the bank has been utilizing data analytics to develop the program, which would use machine learning to inspect the data from the banking behavior of more than 38 million customers. Jennifer

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Small Biz Complaints Get UK Bank Support

Financial Times reports that a number of banks in the U.K. have agreed to give smaller firms more power when it comes to complaints about their lenders (which include the banks) – a move that the publication said aims to “restore trust� in corporate banking. The agreement comes amid suggestions to the industry group known as UK Finance, which included

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WeWork, Sweetgreen Pair On Order-Ahead

Sweetgreen, a salad startup, and WeWork, a provider of a global network of office spaces, are teaming up to allow customers to pick up food from a WeWork location of their choice, according to a report. The collaboration is in seven cities: New York, Los Angeles, San Francisco, Chicago, Philadelphia, Boston and Washington, D.C., and Sweetgreen wants to facilitate 50

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Facebook is now streaming every episode of Buffy the Vampire Slayer, Angel, and Firefly

Facebook’s video-on-demand service Facebook Watch is getting a trio of familiar classics: Buffy the Vampire Slayer, Angel, and Firefly. The social network is teaming up with 20th Century Fox to bring every episode of the shows to Facebook starting today. The shows aren’t exclusive to Facebook — you can purchase episodes from a variety of places, and the episodes can

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Black Tesla factory workers describe racism and discrimination, NYT reports

Over two dozen current and former black Tesla employees are describing racial discrimination in a New York Times investigation today that looks into the company’s Fremont factory. The complaints range from being barred from promotions, forced to scrub the factory floors, and allege that supervisors have directed racial slurs at employees. The allegations come from a variety of interviews, internal

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Deutsche Bank’s German office raids (apparently) have nothing to do with Trump

They’re tied to a money-laundering investigation going back to the Panama Papers. German authorities searched Deutsche Bank’s Frankfurt headquarters for a second straight day on Friday as part of an ongoing money-laundering probe into the country’s largest bank. Over 150 police officers and federal tax authorities raided Deutsche Bank’s headquarters and five other sites in the area on Thursday. The

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The new lawsuit challenging Georgia’s entire elections system, explained

Groups allied with Stacey Abrams argue that voting restrictions didn’t just hurt voters of color; it undermined the legitimacy of the state’s elections. In the 2018 election cycle, perhaps no state race was as closely watched as Georgia’s gubernatorial contest. The high-profile contest between Republican Brian Kemp and Democrat Stacey Abrams drew more attention in its final weeks as voting

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Michael Cohen’s plea deal shows that Russia did have something on Trump

Putin’s spokesperson knew Cohen lied to Congress — and helped him cover it up. Michael Cohen’s plea deal for making false statements to Congress doesn’t just indicate that he lied about the Trump Organization’s attempt to get a real estate project off the ground in Russia — it also indicates that the Kremlin helped in the cover-up. In August 2017,

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