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1287 Results from /retail, 2018

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Wells Fargo to close 900 branches

As it books a $3.25 billion fourth quarter pre-tax charge related to the misselling scandal, Wells Fargo says it plans to make savings by closing around 900 branches by 2020.

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KFC introduces Bitcoin Bucket

The Canadian arm of KFC has launched a 'Bitcoin Bucket', inviting people to trade in their cryptocurrency for a more stable asset - fried chicken.

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FinTech Scotland appoints new CEO

The industry body set up to promote the fintech sector in Scotland has named Stephen Ingledew as its first chief executive.

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Crypto mining threatened by power capacity concerns

The craze for cryptocurrency mining is putting increasing strain on electrical grids, raising concerns about capacity around the world and the prospect of a migration of coin mining operators to new jurisdictions.

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MoneyGram trials Ripple's XRP digital currency

Shares in MoneyGram gained on Thursday on news that the old-school money transfer player has teamed up with Ripple to pilot the blockchain startup's XRP digital currency in its payments flows.

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Lombard Risk agrees to Vermeg takeover offer

The board of UK-based banking and compliance software firm Lombard Risk has accepted a cash for shares offer from Dutch software firm Vermeg.

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Petal raises $13m for credit card aimed at people without credit history

Petal, a US credit card startup that is ditching traditional credit scores in an effort to sign up young people and the underbanked, has raised $13 million in a Series A funding round led by Peter Thiel's Valar Ventures.

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TD Bank buys Toronto AI outfit Layer 6

Toronto-Dominion Bank has acquired Canadian Artificial Intelligence startup Layer 6 in a deal reportedly worth more than US$100 million.

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Kodak announces blockchain plan, share price soars

Photo firm Kodak has announced plans to develop its own cryptocurrency, KodakCoin, which it says will help photographers to control their image rights via a distributed ledger.

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Transferwise ships borderless debit card

Tranferwise has begun rolling out its borderless bank account and debit card to private customers, enabling users to spend their cash in a choice of up 28 foreign currencies.

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Icici strikes digital mobility deal with transportation app Ola

India's Icici Bank has struck a deal to provide co-branded cards as well as digital loans, ride booking and payments to transportation utility Ola via the bank's mobile apps.

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Falcon Private Bank launches crypto wealth management service

Swiss private bank Falcon is offering clients a compliant process for investing wealth generated from trading in cryptocurrencies.