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Passengers in the West Midlands are set for a week of disruption as train drivers union Aslef stages a series of one-day strikes. Starting from Monday's bank holiday, rail operators are warning of major disruptions with no services expected on Wednesday from West Midlands Trains, CrossCountry, Chiltern Railways, or Avanti West Coast.
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For decades, it’s been a riddle in banking: how do you build a sustainable and profitable business serving low and middle-income consumers? Sixteen years ago, Chris Britt, then chief product officer at Green Dot, believed he’d discovered the answer—direct deposit of paychecks. <br/><br/>Green Dot was selling prepaid debit cards to cash-strapped Americans without traditional bank accounts, and Britt saw that customers who had their paychecks automatically deposited into their Green Dot accounts used the card to pay virtually all their expenses. With each debit card swipe, Green Dot pocketed part of the interchange fees–the 1% to 2% charge merchants pay to accept debit and credit cards.<br/><br/>“The people on direct deposit were clearly the whales of the business,” says Britt, 51, the cofounder and CEO of Chime, the nation’s largest digital-only bank with $1.5 billion in annualized revenue and seven million customers using its cards for $8 billion a month in transactions.<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/jeffkauflin/2024/05/03/exclusive-the-inside-story-of-chime-americas-biggest-digital-bank/?sh=4f40891cfb0d<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
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Stressed about starting college this fall? Bring your Pinterest board vision to life with our dorm organizing ideas. Oftentimes, your college dorm might be the first opportunity you have to live in a space on your own, meaning it’s the ideal opportunity to experiment with your home design taste and preferences. But it also means you have to figure out how to keep the clutter to a minimum.<br/><br/>As temporary living spaces, college dorms aren’t always known for feeling the comfiest or looking the cleanest, however, with a few adjustments and personal touches, your dorm can feel like home. Here are eight ways to organize your dorm without making permanent changes to your room or breaking the bank.
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On Bank Holiday Monday, hundreds of hikers set off for one of Shropshire's most popular hills - mostly, it seems, by car. <br/>At around 4pm, dozens of cars could be seen parked along the double yellow lines and cycle paths down the right hand side of the main road up to the Wrekin.
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ESG Positive Impact Awards is returning to honour Malaysian companies that have done well in implementing Environmental, Social and Governance practices.<br/><br/>Organised by Star Media Group, with OCBC Bank (Malaysia) Berhad as the main sponsor, the award will provide companies with market recognition for their commitment to ESG.<br/><br/>Read more at http://bit.ly/4duquUk<br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline
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The Consumer Financial Protection Bureau introduced a new rule that would cap credit card late fees at $8, down from the typical $32 currently charged by most banks. This is estimated to save Americans $10 billion annually in late fees. The credit card industry, led by the US Chamber of Commerce, sued the CFPB in federal court to block this new rule from taking effect. A judge in Texas is expected to decide whether to grant an injunction requested by the industry that would freeze the new rule until the legal issues are resolved. Analysts expect the industry lawsuit will likely be successful, as Texas courts are viewed as favorable to corporations.
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UBS reported a return to profit in the first-quarter after losses in the previous two quarters, beating analyst estimates. Profits were boosted by higher revenues in its flagship wealth management division, which rose 28%. Expenses fell and consolidation benefits from the Credit Suisse takeover in June 2023 contributed to the $1.8 billion net profit. UBS expects to complete merging its US entities with Credit Suisse in the second quarter and Swiss entities in the third quarter. CEO Sergio Ermotti said integration progress was good, and the bank had returned to profitability and underlying strength.
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Oswestry Town Crier Phil Brown - Proclamation for the First Anniversary of the Coronation of King Charles II and Queen Camilla on Bank Holiday Monday.
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Being set up to have an unexpected onenight stand with CEOThis time she comes back just for revenge
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The iPhone 15 and 15 Pro launch is one of the most exciting updates of the series in years. To make the most of it's best new features, we’re sharing some must-have accessories, including chargers, game controllers and power banks.
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This is the amusing moment a dog owner was pulled into a river - by her excited pet.<br/><br/>Steph Cousins, 35, had an unexpected dip while playing with five-year-old Winnie.<br/><br/>She was throwing sticks for the German Shorthaired Pointer when the dog pulled its lead taut - and dragged Steph in.<br/><br/>Footage shows Steph slipping on the bank before falling into the water in the Peak District.<br/><br/>Laughing, she then hauls herself out - and asks: \
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Warren Buffett, the chairman of Berkshire Hathaway (BRK.A), is the most successful investor of our time. His daughter, Susan, worked as my assistant when I was the publisher of a magazine 40 years ago. Just before she got married, Susie told me she worried that her fiancé’s parents had bought a couple of shares of Berkshire stock — and what if it tanked? At the time, the price was about $1,000 a share. Today, it’s $507,000 a share. I hope the in-laws hung on.
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