Fed says it will develop faster digital banking system. But Wall Street fears tech incursion.

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Fed says it will develop faster digital banking system. But Wall Street fears tech incursion.

The Federal Reserve announced Monday it will develop a service to eliminate the frustrating delay many Americans face between when they deposit a check and when it’s recognized in their account. Such delays costs billions of dollars in late fees and …
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Accountants Behaving Badly: Ex-CFO Busted For Embezzlement; Fraudulent Timesheets; Ripping …

Plus, an accountant is accused of keeping a domestic slave at his house and an accounting officer is going to jail for swindling his firm out of £3 million
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Report: Hackers stole shoe sizes, personal info of StockX customers

Fast-growing Detroit startup StockX has suffered a customer data breach that, according to one media report, gave hackers access to the shoe sizes and names of potentially millions of customers. StockX, which is an online resale marketplace for unworn …
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The market's favorite recession indicator just flashed its starkest warning since 2007

The spread between three-month and 10-year Treasury yields — a relationship known as the yield curve — on Monday inverted to its widest level since 2007. Yield-curve inversions have long been watched for hints of an impending recession, and this is the …
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GM opens $65M parts processing center, keeping jobs near Flint

General Motors opened a new ACDelco and GM Genuine Parts processing center near Flint on Monday. GM said the new center keeps jobs in the region and will improve the speed at which dealers can get the parts to service customers’ cars.
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