Google partners with six more US banks furthering digital banking efforts

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Google has signed up a further six US banks to support the companies strategy to move into digital banking.

Google partners with six more US banks furthering digital banking efforts

The new partners — BankMobile, BBVA USA, BMO Harris, Coastal Community Bank, First Independence Bank, and SEFCU — join Citigroup and small lender Stanford Federal Credit Union, which Google announced as partners in November 2019.

As with the other deals, Google will provide the front-end user experiences of the digital banking services it provides, while its FDIC-backed bank partners will hold the accounts behind those services.

Unlike neobanks that tend

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Lowe’s CEO Marvin Ellison says corporate leaders must step up diversity efforts

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When Lowe’s CEO Marvin Ellison took the helm at one of the nation’s largest retailers, he looked around and saw he was surrounded by mostly white executives at his own company and in the business world. 

It was not a new experience for him.

Ellison was born to parents who worked as sharecroppers. He grew up in a segregated community in the South. Now, he is one of four Black CEOs in the Fortune 500. But he said he’s tired of seeing CEOs and others pledge to add diversity and fight racism but do little.

“Sometimes, you have to decide

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Powell says recovery path is ‘extraordinarily uncertain’ amid efforts to control virus

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Federal Reserve Chair Jerome Powell holds a news conference following the Federal Reserve’s two-day Federal Open Market Committee Meeting in Washington, July 31, 2019.

Sarah Silbiger | Reuters

Federal Reserve Chairman Jerome Powell said big questions remain over the outlook for the economy, particularly in light of ongoing efforts to contain the coronavirus pandemic.

In remarks he will deliver Tuesday to the House Financial Services Committee, the central bank leader turned up concerns he had expressed earlier this month about growth as the U.S. remains mired ina  recession that began in February.

“Output and employment remain far below their pre-pandemic

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Stock futures are flat as investors monitor efforts to reopen the economy

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The New York Stock Exchange (NYSE) is seen in the financial district of lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York City, U.S., April 26, 2020.

Jeenah Moon | Reuters

Stocks futures rose slightly in overnight trading on Monday as investors evaluated the latest attempts to reopen the economy.

Futures on Dow Jones Industrial Average rose about 50 points, while the S&P 500 futures were trading near the flat line. The Nasdaq 100 futures gained about 30 points.

The tech-heavy Nasdaq Composite rose for a sixth day in the previous session, posting its longest winning

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