- October 28, 2024
Finance
UK’s financial regulator fines Wise CEO
(Reuters) – Britain’s financial regulator said on Monday it has fined money transfer firm Wise Plc’s CEO, Kristo Kaarmann, 350,000 pounds ($453,565) for failing to
UK Finance Minister Rachel Reeves outlines 2024 October budget
UK Finance Minister Rachel Reeves makes a speech during the Labour Party Conference that is held at the ACC Liverpool Convention Center in Liverpool, UK
Hong Kong Unveils AI Policy for Finance, Floats Tax Breaks for Crypto
Hong Kong outlined its first policy guidelines dedicated to the use of AI in finance and floated a tax breakBloomberg Terminal for virtual assets, part
Citi Launches New Digital Trade Receivable Finance Solution
Solution Will Help Accelerate Monetization of Receivables from Weeks to Under an Hour HONG KONG, October 28, 2024–(BUSINESS WIRE)–Citi has launched Citi Digital Bill (CDB),
Court of Appeal ruling opens door to motor finance mis-selling claims
Car finance: Hiding commission in the small print is not enough The Court of Appeal has opened the door to billions of pounds worth of
“Open banking” rules issued, requiring data portability • The Register
The US Consumer Financial Protection Bureau (CFPB) has finalized a rule that requires banks, credit card issuers, and most other financial firms to provide consumers
Experts push back on Goldman Sachs’ forecast for low returns
Goldman Sachs’ that the S&P 500 will deliver 3% annualized nominal total returns over the next 10 years has gotten a lot of attention. (Read
G7 finance ministers acknowledge price cap violations on Russian oil
The finance ministers of the Group of Seven (G7) pledged to increase efforts to prevent Russia from circumventing sanctions related to the oil price cap.
China confident in achieving around 5% GDP growth for 2024, will strengthen counter-cyclical fiscal policies, says vice Minister of Finance
Vice Minister of Finance Liao Min at the World Bank’s 110th Meeting of the Development Committee held in Washington DC on October 25 China is
One chart shows how AI will drive another decade of US stock market dominance
US companies already dominate the global stock market when it comes to size. A new chart from JPMorgan Asset Management shows that’s largely expected to