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$SYF said over the last year it has grown its deposits by $9Bil, mainly through its direct deposit program. The company added that this puts deposits at 71% of its funding, which is slightly higher than the top end of its target range of being 60-70% deposit funded. $SYF expects to continue to drive growth in its direct deposit program.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.