The Bank Behind the Fintech Revolution Stumbles After Customer Funds Go Missing Evolve Bank at its peak managed around $10 billion for financial technology firms, but it is in turmoil following the collapse of middleman Synapse. 12/24/2024 - 8:30 pm | View Link
Lloyds Bank issues full list of 86 bank branches closing in 2025 Lloyds Banking Group, which includes Lloyds Bank, Halifax, and Bank of Scotland, has followed closely, shutting down 1,243 locations. Lloyds Banking Group is currently set to close at least 86 more ... 12/23/2024 - 7:28 pm | View Link
Hicksville-based Flagstar bank to pay $3.6M fine for misleading customers, investors Hicksville-based Flagstar Financial, formerly NYCB, settles with the SEC over misleading statements about a 2021 cyberattack impacting 1.5 million customers. 12/20/2024 - 9:07 am | View Link
CFPB sues JPMorgan Chase, Bank of America and Wells Fargo over Zelle payment fraud Zelle, a peer-to-peer payments network run by bank-owned fintech firm Early Warning Services, allows for instant payments to other consumers and businesses. 12/20/2024 - 5:41 am | View Link
Are Banks Open Today? Here's a List of U.S. Bank Holidays for 2024 and 2025 Banks and credit unions often close on holidays in the Federal Reserve System's holiday schedule. Find out if your bank or credit union is open today. 12/20/2024 - 2:45 am | View Link
When Joel Appel bought Zaidy’s Deli & Bakery, he didn’t expect it to be this hard.
At the time he reopened the Jewish joint’s doors in 2022, Denver’s minimum wage was $15.87.
On Jan. 1, that number will be $18.81.
According to a survey from The Colorado Restaurant Association, the hike will cost Denver restaurants an average of over $51,000 next year.
“It just makes it very, very difficult,” Appel said, who took over Zaidy’s after it closed in 2020.
By Isabel Contreras, NerdWallet
The past couple of years have been tough on consumers’ wallets. Inflation has affected groceries, gas and lots of other everyday expenses — and auto insurance is no exception.
Prices for most goods and services have started to stabilize: Year-over-year inflation stood at 2.7% in November, a dramatic difference from the peak of more than 9% during the summer of 2022.
Colorado’s employment counts have become so unreliable the U. S. Bureau of Labor Statistics, in an unprecedented move, has stopped issuing reports based on them.
“BLS has observed data quality problems because of ongoing issues with the modernization of Colorado’s unemployment insurance system. As a result, BLS is temporarily suspending publication of Colorado employment, unemployment, and wage data,” the bureau said in a statement issued Dec.
By ANNE D’INNOCENZIO and HALELUYA HADERO, AP Business Writers
Sales rose this year during the holiday shopping season even as Americans wrestled with elevated prices for many groceries and other necessities, according to new data.
Holiday sales from the beginning of November through Christmas Eve climbed 3.8%, outpacing the 3.1% increase from a year earlier, according to Mastercard SpendingPulse, which tracks all kinds of payments including cash and debit cards.
Our growing reliance on technology at home and in the workplace has raised the profile of e-waste. This consists of discarded electrical devices including laptops, smartphones, televisions, computer servers, washing machines, medical equipment, games consoles and much more. The amount of e-waste produced this decade could reach as much as 5 million metric tonnes, according to recent research published in Nature.