FEBRUARY 28, 2023
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Back on top: Elon Musk has reclaimed his title of richest person in the world. What was his net worth as of yesterday’s market close?
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A) $187.1 billion
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B) $123.7 billion
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C) $94.5 billion
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D) $201.4 billion
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TOP STORY
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At least 4 million Gen Zers will open banking accounts each year through 2026. To engage with these consumers, banks must meet them where they’re at: on social media and mobile phones.
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ANALYSIS
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Around half of Black credit unions in the US offer an informational website and online banking services, compared to about 80% of non-Black credit unions. This presents an opportunity for digital disruptors like affinity-based fintechs and neobanks to support the “Bank Black” movement and empower Black consumers.
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ANALYSIS
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As consumer credit card balances and delinquencies increase, debt is a top-of-mind concern for consumers. With the Win Card, rewards are automatically applied to customers’ balances to help them pay down debt faster. In addition, cardholders can increase credit limits if their credit scores improve by 20 points or more and they make six on-time monthly payments.
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