Economics And Finance
Banks’ Sharing Of Financial Crime Data Raises Questions On Ethics (#GotBitcoin?)
Banks, regulators and law-enforcement agencies are sharing more intelligence through voluntary networks to deter money laundering and terrorism financing. As the practice spreads, so do the risks of data mishandling, observers said. Banks’ Sharing Of Financial Crime Data Raises Questions On Ethics Information-sharing partnerships are sprouting across the global financial landscape.…
The Government May Want To Buy Your Dying Mall (#GotBitcoin?)
Local governments worry that dying malls will blight the landscape, so they are buying them up. The Government May Want To Buy Your Dying Mall Local governments across the U.S. are taking over dying shopping malls. These municipalities, concerned that vacated retail centers will blight the landscape and drag down surrounding…
You’ve Become A Nation of Cheapskates (#GotBitcoin?)
Revolutionary tech brings amazing prices—but something feels wrong. You've Become A Nation of Cheapskates From New York to San Francisco, lunch prices are starting to get ridiculous. Most days you cruise past $13 salads and $14 ramen before landing at a Chick Fil-a or Chipotle. For example, there’s a company called…
Europe Goes Harder on Money Laundering With Record ING Fine (#GotBitcoin?)
Banks world-wide are under pressure to clamp down on the trillions of dollars illegally flowing through the global financial system. Europe Goes Harder on Money Laundering With Record ING Fine Banking group ING Groep has agreed to pay a record European fine of €775 million ($899.8 million) to settle an investigation…
HyperBitcoinization: How Currency Crises Are Driving Nations To Crypto (#GotBitcoin?)
Venezuela, Turkey, Iran and Zimbabwe: these countries are all facing ongoing economic crises. They’re suffering from high levels of inflation, and as a result the people living within them are increasingly turning to crypto as a store of value and a means of exchange. Their recent troubles have heightened the…
To Counter China, U.S. Looks to Invest Billions More Overseas
White House hopes to expand Overseas Private Investment Corp., a little-known agency it wanted to eliminate a year ago. To Counter China, U.S. Looks to Invest Billions More Overseas The U.S. is finalizing plans to double funding for big infrastructure projects around the world, seeking to counter China’s growing influence. Related:…
Retail Technology Provider Narvar Targeting The Costly Returns Process
Investment will back development of e-commerce software as retailers look to improve consumer online experience. Retail Technology Provider Narvar Targeting The Costly Returns Process Retail technology provider Narvar has raised $30 million in new funding to back what the company says will be aggressive expansion of a business that supports e-commerce…
U.S. Companies Sit On A Mountain of Debt (#GotBitcoin?)
Total Debt For US Corporations Tops $6 Trillion The riskiest borrowers are more leveraged than they were even during the financial crisis, according to S&P's analysis, which looked at 2017 year-end balance sheets for non-financial corporations. U.S. Companies Sit On A Mountain of Debt On first glance, total debt has risen…
Lenders Shunned Risky Personal Loans. Now They’re Competing For Them (#GotBitcoin)
Lenders are stepping up offers of consumer loans with few strings attached, often to individuals with poor credit histories they all but ignored in the years after the financial crisis. Lenders Shunned Risky Personal Loans. Now They’re Competing For Them The offers promise a way to help pay down other debts…
Freddie Mac Joins Rental-Home Boom
Freddie Mac is expanding its role in financing one of Wall Street’s postcrisis success stories: the booming business of investing in single-family rental houses. Freddie Mac Joins Rental-Home Boom Freddie Mac is expanding its role in financing one of Wall Street’s postcrisis success stories: the booming business of investing in single-family…
The Weaponization of Bitcoin And Global Finance (#GotBitcoin)
U.S. tariffs intensify pressure on the Turkish lira, raising prospect of an open-ended cycle of protectionism and devaluation. The Weaponization of Bitcoin And Global Finance (#GotBitcoin) Trade wars may be morphing into something more dangerous: financial wars. [embed]https://www.youtube.com/watch?v=OezyA5nlYUU&list=PLU1KxUVqGmaODEQCI9MdGYHnEzXq52vm_[/embed] [embed]https://www.youtube.com/watch?v=D6s_MjAHYdI&list=PLU1KxUVqGmaMOBKvfbGX9F3irFwJsBDWi[/embed] With Turkey facing a currency crisis, President Trump last week poured…
Kevin Durant, Will Smith And Erikan Obotetukudo Form Cryptocurrency (And Fiat) Venture Fund For Black Investors (#GotBitcoin)
Silicon Valley stalwart Andreessen Horowitz launches new fund in an effort to boost diversity in tech. Kevin Durant, Will Smith And Erikan Obotetukudo Form Cryptocurrency (And Fiat) Venture Fund For Black Investors (#GotBitcoin) Silicon Valley stalwart Andreessen Horowitz is launching a novel effort to boost diversity in tech: an exclusive…