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10 Weekend Reads

Barry Ritholtz

Pour yourself a mug of coffee, grab a seat outside, and get ready for our longer-form weekend reads: • Kanye and Adidas: Money, Misconduct and the Price of Appeasement : A year ago, after producing hundreds of shoe styles and billions of dollars together, Adidas broke with Kanye West as he made antisemitic and other offensive public comments.

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Pakistan Launches Payment System To Boost Financial Inclusion

PYMNTS

The system was developed over a period of years by a collaboration between the State Bank of Pakistan and the Bill & Melinda Gates Foundation. The Raast system was also supported by the World Bank, Britain and the United Nations. One goal for the company, according to Reuters, is to boost the role of women in the formal economy.

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Bitcoin Daily: Turkey To Test Digital Currency In 2021; Japan Prepares To Issue CBDC; Bitcoin Crests $28,000

PYMNTS

Japan might look into launching its own central bank digital currency (CBDC) in both the public and private sectors, according to a report from Japan Times. While there are no immediate plans, the Bank of Japan (BOJ) will launch a feasibility study on the idea next spring. The exchange will close trading services on Jan.

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Intuit Buys Credit Karma For $7.1B

PYMNTS

Intuit closed a deal to buy Credit Karma for a price tag of $7.1 Consolidation of this kind has been sweeping the financial technology sector as of late, with Intuit’s deal just the latest example. billion to acquire Plaid, which helps fintech companies connect with customers’ bank accounts. billion on Monday (Feb.

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How cloud accounting made me enjoy the finance industry again

Creative CFP

The tag line was “Real-time accounting”. The cloud accounting software links directly with your bank. I am not bound to a desk anymore. ▪︎ AUTOMATION IS THE NAME OF THE GAME I have mentioned the automatic bank feeds already, but this is only the beginning of automation in Xero. How incredible is this!

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Transcript: John Hope Bryant

Barry Ritholtz

BRYANT: And so when this guy told me that we’re, at that time, 10,000 banks, hundreds of thousands of bankers, 100,000 banks. RITHOLTZ: Were there banks in your neighborhood or were you an unbanked … BRYANT: Well, I mean, it was so few you knew where they were, put it that way, right? RITHOLTZ: Okay. RITHOLTZ: Right.

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Transcript: Robert Koenigsberger

Barry Ritholtz

To lead the bank’s efforts in investing in sovereign debt restructurings and to bring our clients along was a great experience. KOENIGSBERGER: — you know, when I got to Merrill in 1995, and you looked at the trade blotter of who you were trading with, it was basically banks trading with each other. In the U.S.,