financialservices
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Venmo Opens Up Its Digital Payment App to Teens
Your teenage years are a great time to learn about how to handle money, and how to set yourself up for a bright future of savings, high credit scores, and maybe even home ownership. Venmo, the popular mobile payment app, has now announced Venmo Teen Accounts which will allow parents and guardians to peek into…
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Americans Put Nearly $1 Billion Into Apple Savings Accounts in First 4 Days
Apple has learned from enough games of Monopoly that it’s good to be the banker as well as a player. A Monday report from Forbes based on anonymous internal sources claims users deposited close to $US1 billion in just four days after Apple introduced its new Goldman Sachs-backed Apple Card savings account.
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Silicon Valley Bank Rises From Dead With First Citizens Acquisition
Silicon Valley Bank, once triumphantly dubbed the “financial partner of the innovation economy,” before its recent historic collapse, is being acquired by First Citizens, a legacy banking institution founded in 1898. The new deal will see First Citizens take on the entirety of SVB’s loans and deposits just two weeks after the bank sent shockwaves…
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Binance Stops Deposits and Withdrawals for UK Customers
On Monday, Binance said it would suspend withdrawals and deposits for anybody using UK currency. The news came after the world’s largest crypto exchange’s banking partner in the UK, Paysafe, said it was abandoning crypto, at least as far as Binance was concerned.