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US open banking regulation overhaul

US open banking regulation overhaul

Change is coming fast to how Americans share and control their money. The rules that once promised more freedom and choice are now set for a dramatic overhaul. The Consumer Financial Protection Bureau, under new direction, will soon rewrite the open banking playbook....
HSBC’s Swiss bank money laundering probe

HSBC’s Swiss bank money laundering probe

A shadow has fallen over HSBC’s Swiss private bank. Swiss and French police are pulling back the curtain on years of secret dealings. At the heart of the matter: hundreds of millions moved for powerful clients, with few questions asked. These aren’t just numbers on a...
Corporate payout strategy evolution

Corporate payout strategy evolution

For years, buybacks were king. Companies bought back shares, fueled by cheap money and friendly tax rules. It was easy. It was flexible. But the world has changed.Interest rates now climb higher. Markets sit near their peaks. New taxes nibble at buyback profits....
Restaurant tip handling wage theft

Restaurant tip handling wage theft

Analysis: How Customer Tips Get Diverted to Subsidize Employer Labor Costs The Core Mechanism of Tip Diversion The fundamental issue lies in the gap between customer intent and actual money flow. When customers tip, they believe they’re providing additional...