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Co-op Bank triples bonus pot after turning first profit since 2011

TheGuardian

Ethical lender boss says £13m bonuses for its bankers is ‘appropriate’ after ‘huge amount of effort’ The Co-operative Bank has more than tripled its bonus pot for bankers after a “milestone year” that resulted in its first profit in a decade. in bonuses for 2021, more than twice the size of the £4.2m

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Operation Choke Point 2.0

Jeff For Banks

In 2012 the Obama administration launched "Operation Choke Point" ("OCP") which was designed to ensure banks considered the risk of banking payday lenders that were engaged in abusive practices. The FDIC's quarterly Supervisory Insights for Summer 2011 had a list! What were disfavored industries?

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Chatbots Bringing On Business Operations Revolution?

PYMNTS

Now while Facebook initially launched its Messenger chat service in 2011, it wasn’t a major hit right away and the social media giant continued to refine its offering. As recently as earlier this month, we reported on the possibility of Facebook’s Messenger losing steam due to fuzzy listed new features and business departures.

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Lessons Learned From the Fourth United States Bank Failure of 2023

Perficient

Heartland Tri-State began operations in 1985 under the name First National Bank of Elkhart. In 2011, Hanes put together a local investment group that purchased the bank from its former holding company, and he became President and CEO of the new bank. He was promoted to President and CEO in 2008.

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Volocopter, Grab Partner On Air Taxi Study In Southeast Asia

PYMNTS

Volocopter was founded in 2011 and is a pioneer in urban air mobility. The startup said it demonstrated in 2011 that electrically powered vertical flight is possible for humans. The collaboration could “eventually extend intermodal mobility to the skies.” .

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Barclays Shuts Down Online Banking Services on Easter Weekend

Bank Innovation

These changes were established by the Bank of England in 2011, and is referred […]. The major U.K. bank said it will be switching off access to 24 million customers as the bank restructures itself as required by national regulation.

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Mambu’s Valuation Hits $2 Billion After TCV-Led Investment Round 

PYMNTS

The Berlin-based firm said it plans to use the money to speed up its expansion and “deepen its footprint” in the 50 countries where it currently operates, with a special focus on the United States, Japan and Brazil. Nearly a decade later, this is more true now than ever, particularly given developments over the past year.”.