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NY sues comptroller of currency over ‘fintech decision’

Bloomberg New York sued the US over a decision to allow financial technology companies to apply for special national banking charters, saying the move is “lawless” and “ill-conceived” and will destabilise financial markets that are more effectively regulated by the state. Maria Vullo, superintendent of the state’s Department of Financial Services, filed the lawsuit against the Office of the Comptroller ...

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The airport that doesn’t need ‘humans’

Bloomberg Imagine landing at a major airport and the only human official you meet on your way through the terminal is a customs officer. Singapore’s Changi Airport, voted the world’s best for the past six years by Skytrax, is pursuing that goal of extensive automation with such vigour that it built an entire terminal to help test the airport bots ...

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Boohoo dangles $65mn payout in naming new CEO from Primark

Bloomberg UK online fashion seller Boohoo Group Plc named a new chief executive officer from the fast-growing Primark chain, offering him a payout of as much as 50 million pounds ($65 million) to spur growth. John Lyttle, currently chief operating officer of Primark, will join Boohoo in March, according to a statement. The move comes as Boohoo, which owns the ...

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