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Apple Surpasses $1 Trillion In Market Cap

PYMNTS

In early-morning trading on Thursday, Apple hit the $1 trillion in market cap when shares passed $207.05. It could also bounce back and forth between the $1 trillion market cap and below it in the next trading days, noted the report. Back in 2007, PetroChina hit the $1 trillion mark for a moment before falling back down.

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Buy Now, Pay Early: 97% of Klarna Black Friday purchases paid off on time or early

Fintech Finance

In stark contrast, a third of consumers in the UK did not think they would be able to pay off their Christmas credit card bill in full, at a time when credit card interest rates are at their highest in 27 years according to Bank of England data , while banks continue to report their biggest annual profits since the 2007 financial crisis.

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Two Leading CEO Candidates Turn Down Wells Fargo Job

PYMNTS

The banks also has to deal with a growth cap that was put on by the Federal Reserve in 2018. He’s been at JP Morgan since 2007 and is owed upwards of $50 million in long-term pay. Any new CEO will likely have to spend years in repair mode before any real progress or turnaround is evident. Smith would not be a cheap hire.

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Virginia Sues Online Lender Over Consumer Loans

PYMNTS

The suit also alleges that NetCredit ran afoul of the state’s usury cap of 12 percent. The study examined data from TransUnion that identified about 90,000 customers who had taken out an online loan between 2007 and 2012. According to the lawsuit, NetCredit provided loans to over 47,000 Virginians going back to 2012.

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Infographic: Microsoft’s Biggest Acquisitions

CB Insights

aQuantive ($6.3B, 2007) was the parent company of a group of digital marketing service and technology companies that included Avenue A, i-FRONTIER, and Atlas DMT. Microsoft has spent over $63B for its top 10 deals (roughly 7% of its current market cap ). It is now known as Microsoft Development Center Norway. KEY TAKEAWAYS .

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Top 34 Digital Lenders to U.S. Small Businesses (SMB) (July 2024)

Fintech Labs Insights

But as you can see from the chart below, the digital SMB lenders began in earnest during and immediately after the 2007/2008 financial crash. Ten of the 36 largest were started in the 2007 to 2012 period. OnDeck (acquired by Enova Oct 2020) FAB Score = 217 (up 6) – HQ: NYC – Founded: 2007 – Raised: $1.2B

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Decoupled Debit — Again?

PYMNTS

The year is 2007. Creating a product that pulled funds from depository accounts at other issuers and was accepted at any Mastercard-accepting merchant gave Cap One something new to offer consumers – and a new business model around which to build rewards to get consumers on board.

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