The fines indicate the growing efficiency of regulators in ensuring compliance from banks midst efforts made by the Trump administration to loosen banking laws. As per a note prepared by the Boston Consulting Group, with regulators stepping up their scrutiny,… Read More ›
Strategy
White House proposal has significant budgetary cuts for ongoing environment and climate change programs
The Trump Administration aims to squeeze funds from climate change and environmental programs to direct them to fortifying the military. According to a person with direct knowledge of the proposal, the White House is proposing a significant cut, by as… Read More ›
Eurozone’s PMI points to strong economic growth across the region
IHS Markit’s final composite Purchasing Managers’ Index has risen to a new historic high. The results of a survey have disclosed that business in the Eurozone has grown in its fastest pace in almost 6 years with job creation being… Read More ›
Lawyers for HSBC and the U.S. government urge not to reveal Michel Cherkasky’s reports
The case refers to HSBC’s 2012 admission of laundering hundreds of millions of dollars’ worth of drug money for the Colombian and Mexican drug cartels, which came to a close after a deferred prosecution agreement wherein HSBC agreed to put… Read More ›
China making efforts to more closely link its economy with that of the U.S.
Eyeing the twin objectives of deepening its economic cooperation with the U.S. and trying to internalize its currency, Beijing has awarded asset manager BlackRock access to its capital market. In a significant development, China has allowed BlackRock, an asset… Read More ›
Brexit – Irish economy hangs in the balance
During Brexit negotiations, Ireland could emerge as the UK’s Achilles heel. If physical border controls are placed, it could give rise to a resurgence of violent militant protests. According to Britain’s Northern Ireland minister, a post-Brexit trade deal with the… Read More ›
YouTube TV to debut in select U.S. cities in coming months
Google Home owners will also be able to search the content by voice search. Alphabet owned YouTube has disclosed it is set to launch a live TV service featuring offerings from cable channels and U.S. broadcast networks to funnel the… Read More ›
Amazon’s web services sneezes, the internet catch cold
The very service that businesses, universities and institutions depend on suffered a setback causing a ripple effect across the World Wide Web. With Amazon.com’s cloud services suffering a technical glitch on Tuesday, users and businesses across the web experiences disruption… Read More ›
VC Founder Says Battle For Fintech Crown Post-Brexit Will Be Between Ireland And Germany
Waiting for the time when the U.K. leaves the European Union (EU), Ireland and Germany are all poised to step up to fill a void as leader of Europe’s fintech scene, according to the co-founder of a global venture capital… Read More ›
Microsoft, Intel, JPMorgan Chase and others join race to tap blockchain technology
The development underscores the latest push by large companies to move towards a distributed ledger systems. Two dozen companies which includes Microsoft, Intel Corp and JPMorgan Chase & Co have come together to create standards and technology which enterprises can… Read More ›