Every business requires some form of investment and enough customers to whom its output can be sold on a consistent basis in order to make a profit.
http://bit.ly/2UB8XjX February 4, 2019 Australia’s corporate regulators will be subjected to a new oversight body in a shake-up of the banking sector designed to combat the excessive greed and unethical practices that have engulfed some of the country’s biggest financial institutions. The Royal Commission, Australia’s most powerful type of government inquiry, also advised in its […]
via Australia to overhaul regulators after landmark banking inquiry — peoples trust toronto
Bitcoin’s (BTC) problems are only solvable by departing from a proof-of-work (PoW) system, according to research published by the Bank for International Settlement (BIS) on Jan. 21. According to the paper, when in the future Bitcoin’s block rewards fall to zero — given that only a limited number of new Bitcoin will ever be created — transaction fees alone will not be able to sustain mining expenses. The argument implies that the Bitcoin network would become so slow that it would be virtually unusable, stating…….
Source: Major Central Bank Institution BIS: Bitcoin Must Depart From Proof-of-Work
The Reserve Bank of India (RBI) has reportedly shelved its plans to launch its own digital currency, according to The Hindu Business Line.The RBI had revealed its plans about central bank digital currency (RBI) in…
Source: Reserves Bank of India shelves central bank digital currency plans – Report – TokenPost
This business card is offering a staggering 200,000 miles with its current sign-up bonus — but you’ll need to do some serious spending to earn that full amount. You’ll earn 50,000 miles when you spend $5,000 in the first 3 months, and another 150,000 miles after you spend $50,000 in the first 6 months. Clearly, this offer is tailored to established businesses with significant expenses that can easily meet that $50,000 spending requirement. But if your company’s able to meet both tiers of spending requirements, you’ll walk away with a stellar 300,000 miles, factoring in the additional 100,000 miles you’ll earn by spending $50,000, since the Spark Miles card earns 2x on all purchases…………….
Recent court documents show that the Canadian Imperial Bank of Commerce (CIBC) has frozen accounts holding the large sum of assets – which include $69,000 USD and $25.7 million CAD (appr. $19.4 million USD). According to the court papers, the CIBC was not able to identify the actual owner(s) of the frozen assets. The court documents also state that the funds may have been deposited by QuadrigraCX’s customers, and that the assets were frozen because the CIBC couldn’t properly verify the identities of the individuals that made the deposits. However, QuadrigaCX’s management team has now taken legal action in order to reclaim the money – as the exchange’s users have been unable access their funds……………
Not paying attention to your idle balances? You might be throwing away $500 a year. If you are like most bank and brokerage customers, you’re getting gouged on your cash holdings. For years, there was no need to shop around. The Federal Reserve held overnight interest rates close to zero. If all you got out of your short-term savings was no-fee checking, you were getting a pretty good deal. Now, with overnight yields above 2%, cash returns matter. If you’ve got $25,000 of idle cash between your checking and your brokerage account, and you don’t pay attention, you might get nicked out of $500 a year……………
Promsvyazbank, better known as PSB, is the latest post-Soviet lender to get taken over by the Central Bank of Russia (CBR), and now faces shareholder suits in London and Moscow. PSB is one of the 10 largest banks in Russia, as they still describe themselves on their website. PSB was delisted from the Moscow Stock Exchange on Jan. 11, 2018 and later this year recapitalized by the government to service the defense sector…….
Over the past 12 months, the banking industry has become increasingly excited about AI. Virtually every leading consultancy has published research on the impact AI will have on the sector and investment continues to pour into developing innovative solutions. But, alongside all the buzz comes the inevitable concern that the implementation of this technology will reduce the need for actual human workers. The notion here is simple – if a bank can automate a process then surely they don’t need a human to do it….
