Raymond

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iOS 8 can scan credit cards using the iPhone’s camera

Advertisement<p>8 Comments<p>Credit: Justin Sullivan/Getty Images<p>Buying stuff on your iPhone(s appl) is about to become easier: Apple has added a feature …

iOS

Should you have a right to sell your ebooks and digital music?

Advertisement<p>31 Comments<p>Credit: Scholastic<p>People can be surprised to discover that they don’t actually own the digital books and songs they buy, but …

Cash Beats Debit, Credit, Checks and Mobile as Payment Choice

Despite all of the talk about credit cards, debit cards and mobile payments, cash still dominates many forms of payments. In fact, any talk about a …

Banking

Apple's Mobile Payment Strategy Is Taking Shape

If you blinked during Apple's big WWDC keynote event on Monday, you might have missed the part that hinted at the company's mobile payments …

Square's cash advance: Don't call it a loan

Square got its start by helping small businesses process credit card payments. Now the mobile payments platform is aiming to help small businesses grow by giving them an alternative to traditional loans.<p>On Wednesday, the company announced Square Capital. The new service will provide small …

Mobile phone payments system to be launched by banking industry

<b>The banking industry's new mobile phone payments system will be launched later this year.</b><p>The system will be called called Paym - pronounced Pay Em.<p>It will make it easier for people to transfer money to other bank accounts using mobile phone apps.<p>The key feature is that once users have registered …

Banking

Maxwell House coffee just got 10% more expensive

Kraft Foods just raised the price of Maxwell House and another coffee brand, Yuban, by about 10%, the company told The Wall Street Journal (paywall).<p>Drought in the world’s biggest supplier, Brazil, has pushed the price of futures in Arabica beans up more than 50% this year. Last week, the owner of …

Coffee

Get More Than Coffee From Your Interns This Summer - Here's How

Steve Benson, Founder and CEO of Bay Area Badger Maps, intends to hire so many interns this summer that he will effectively double the size of his startup. According to Steve, <i>“Startups are, by their nature, a great place for interns, because there are more essential things that must get done than</i> …

Can This Be Good? China Looks To Build Out Risky Derivatives Market

The asset backed securities that sunk the U.S. economy, namely the complicated financial products known as mortgage backed securities, is a market China wants to consider opening up to…Americans.<p>Well, not just Americans, but any multinational investment bank with a penchant for the asset backed …

Managers: 7 Tips For Laying Off Employees Due To Downsizing

Ask any manager and they’ll probably tell you that one of the most difficult things they’ve ever had to do was let an employee go due to company downsizing. This is an especially tough situation because these could be loyal and productive employees who have done nothing wrong; there may be no …

3 Myths That Kill Strategic Planning

In its simplest form, strategic thinking is about deciding on which opportunities to focus your time, people, and money, and which opportunities to starve. One of history’s greatest strategic thinkers, Napoleon Bonaparte summed it up this way: “In order to concentrate superior strength in one …

Square to replace its digital wallet app with one that lets you order dinner

Square pulled its Wallet app from the App Store Monday in order to make way for something new: Square Order. With Wallet, you could check in to a restaurant and pay your bill using just your name. With Order, you can still pay, except now you can select your artisan grilled cheese while en route to …

The New Paradigm for Banks

To continue reading this article you must be a Bloomberg Professional Service Subscriber.<p>If you believe that you may have received this message in …

Why US companies can earn $51 billion in the Cayman Islands even though its GDP is only $3 billion

The foreign subsidiaries of US corporations made $94 billion in Bermuda in 2010, the latest year we have data for. That’s incredible work, since only $6 billion of goods and services were produced on the island that year. What does that tell us? It tells us that something fishy is going on.<p>This …

Finance

Square Banks on Cash Advances for Small Businesses

Among the various ways that a small business can get access to funds, the cash advance—borrowing against money which a company hasn’t yet made, then …

Mobile bank payments in China surge 255%, report says

A People's Bank of China report states that $623 billion worth of transactions were made from mobile phones in the first quarter.<p>You don't need to look at Alibaba, JingDong, or WeChat's mobile payment service to tell you about China's burgeoning online payments.<p>Mobile payments in the country surged …

Too stressed to bail: America's big banks are failing basic health tests

Bank of America missed a $4bn problem for five years, and the Federal Reserve only recently noticed. It may be time to worry<p>You think <i>you’re</i> feeling stressed?<p>Just ask Brian Moynihan, CEO of Bank of America, his views of the topic of “stress”, and stand back. Bank of America flunked the Federal …

'Too Big to Fail' Banks Aren't Too Big to Jail

NEW YORK (TheStreet) -- Look out banks, U.S. Attorney General Eric Holder is watching you very carefully.<p>The U.S Justice Department, currently …

Banks in UK face having to file two sets of accounts

LONDON (Reuters) - Banks in Britain may have to publish two sets of accounts, one for shareholders, the other showing how they comply with rules from their supervisors, a top UK regulator said on Wednesday.<p>Win Bischoff, chairman of the Financial Reporting Council (FRC), the watchdog that polices …

Gold is likely to fall further before it rallies

CHAPEL HILL, N.C. (MarketWatch) — Gold’s outlook is no better today than it was a month ago, when I said it still had further to fall before mounting …

Regulators line up to crack down on bitcoin

It’s not so much a question of whether bitcoin and other virtual currencies should be regulated.<p>Rather, it’s more a question of which government …

The trading units that once generated massive profits for banks are being brought down to earth

Once they swaggered, but now they’ve shriveled.<p>Fixed-income, currencies, and commodities trading units (FICC) generated $144 billion in revenue for the top 10 banks in 2009. Last year, that figure was $80 billion, down 44% from the peak, according to a recent research report by Credit Suisse …

Credit Suisse

Michael Lewis’s villains are just brainiac connivers

Not long after US subprime mortgage collateralized debt obligations ravaged the global economy, some of Wall Street’s most brilliant financial minds embraced another numbingly complex system that spit out billions of dollars in profits while serving no productive purpose. It was called …

Credit Suisse

What you need to know about the rule designed to prevent the next global banking collapse

Newly cast leverage ratio rules adopted by US regulators yesterday are set to make it more difficult for the biggest US banks to go back to their old pre-crisis borrowing ways. The measure centers on something known as a supplementary leverage ratio. In basic terms, a leverage ratio is the amount …

State Street

Marketing & Sales

February 2018 – Our latest annual Consumer Sentiment Survey, which now includes 28,000 shoppers in 29 countries, revealed surprising trends …