Reuters. By Jonathan Stempel NEW YORK (Reuters) – U.S. prosecutors filed criminal charges on Thursday accusing four founders and executives of BitMEX, one of the world’s largest cryptocurrency derivatives exchanges, of evading rules designed to stop money laundering. The Justice Department charged Arthur Hayes, Samuel Reed and Benjamin Delo,Read More →
© Reuters. FILE PHOTO: The historic headquarters of German pharmaceutical and chemical maker Bayer AG is pictured in Leverkusen By Tina Bellon (Reuters) – Seeking to forestall further claims, Bayer AG (DE:) is taking a risky bet that an independent scientific review will ultimately show that its widely used weedRead More →
The Federal Reserve could encourage banks to tap a key funding source that has been scarcely used since the financial crisis as a solution to the September dislocations in short-term lending markets, said Fed Vice Chairman for Supervision Randal Quarles on Thursday. Quarles said financial institutions should not be afraidRead More →
© Reuters. New UK industry code aims to prevent Carillion-style crashes By Huw Jones LONDON (Reuters) – Internal auditors should have direct access to top company bosses to help avoid Carillion-style corporate crashes, a new industry code said on Wednesday. The code from the Chartered Institute of Internal Auditors (CIIA)Read More →
Facebook Inc. has admitted it did not do enough to prevent the incitement of ethnic violence in Myanmar nearly two years ago, but it still has not taken enough steps to stop the spread of hate on its platform, a United Nations investigator says. “Facebook’s actions can only be describedRead More →
© Reuters. FILE PHOTO: A neighborhood destroyed by the Camp Fire is seen in Paradise By Sharon Bernstein SACRAMENTO, Calif. (Reuters) – California utility PG&E Corp plans to increase the controversial practice of shutting off the power to communities at risk of wildfire when dangerous conditions such as high windsRead More →
© Reuters. Italian senator says rules prevent Carige nationalization: report MILAN (Reuters) – Nationalizing Italy’s Banca Carige (MI:) would not be possible under European rules, a senior senator has said, countering suggestions by other members of ruling coalition parties that this would be an option for the troubled bank. TheRead More →
