According to a Democratic commissioner, the Commodity Futures Trading Commission (CFTC), should reverse its loosening of oversight of family offices. His comments come in the wake of the blowup of Archegos Capital. The downfall of the family office run by… Read More ›
loosening
Lowering credit standards contributing to increased losses of credit card businesses by banks
Reduced vigil and lowering of standards of credit card businesses by banks, have contributed to mounting losses. On Tuesday, at an industry conference, the head of JPMorgan Chase & Co’s consumer business disclosed that losses in the bank’s credit card… Read More ›