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Swedish Banks punished by drive to level playing field

  BLOOMBERG Efforts by regulators to level the playing field among European banks is putting Swedish lenders at a disadvantage, according to the chief executive officer of SEB AB, one of the Nordic country’s four big banks. Regulators from Stockholm to Basel are pushing to shrink differences in how banks estimate potential losses, an undertaking designed to ensure that lenders ...

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ATMs to spit out cash with the help of smart apps

  Bloomberg Forgot your bank card at home? No worries. Many ATMs will soon dispense cash with help from a smartphone and banking app. A growing number of banks are letting consumers arrange withdrawals via their mobile app and pick up the cash at a nearby automated teller machine. Customers authenticate the transaction by scanning a QR code with their ...

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Journalism gets a ‘social’ eye

  Washington / AFP It may be inside a protest rally, or in front of a deadly shooting. Smartphones, video and social media are empowering citizens to tell their stories like never before. This became clear with the live video earlier this month from Diamond Reynolds when she captured the aftermath of the shooting by a police officer of her ...

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