Politico
22 minutes
The SP 500 and Nasdaq were also just marginally higher. Stocks initially soared after Trump’s surprise win in November on hopes for big tax cuts for companies and individuals and a fresh round of stimulus spending. Industries likely to see significant regulatory relief under Trump, notably the banking and energy sectors, fared especially well. The dollar also initially soared following Trump’s win. But those gains have slowed in recent days with the Dow staying stubbornly below the psychologically important 20,000 level. The dollar was little changed following the speech. Trump recently broke with longstanding tradition in which presidents decline to comment on the currency and said the dollar had gotten too strong. The Mexican peso, which plunged on Trump’s election over fears of new tariffs on Mexican goods, rose around 1.3 percent by midday Friday.
PCWorld
44 minutes
Spanish police have arrested a Russian programmer suspected of developing the Neverquest banking Trojan, a malware targeting financial institutions across the world. The 32-year-old Russian citizen known as Lisov SV was arrested at the Barcelona airport, Spain's law enforcement agency Guardia Civil said on Friday. The FBI had been working with Spanish authorities to track down the suspect through an international arrest warrant, according to a statement from the agency. The FBI, however, declined to comment on the man's arrest. Neverquest is designed to steal username and password information from banking customers. Once it infects a PC, the malware can do this by injecting fake online forms into legitimate banking websites to log any information typed in. It can also take screenshots and video from the PC's desktop and steal any passwords stored locally. To read this article in full or to leave a comment, please click here
The Huffington Post
2 hours
I heard it was you Talkin' 'bout a world Where all is free It just couldn't be And only a fool would say that - Steely Dan A hero is someone who understands the responsibility that comes with his freedom. - Bob Dylan Here's a ramble that's been hanging in my drafts for a while: Why do so many tech folks identify as libertarian? What do they mean? Is politics ripe for tech disruption? It's a brand new year, and all old posts must go! When I say libertarian, what gets me going is the person who, whenever something is messed up, thinks "OMG, if the government would step out of the way, a market solution would appear and work so much better!" ... Even for activities which historically have a strong government role, roads, schools, money and banking, safety standards, pollution, etc. I've written before about why I'm not a superfan of that strand of libertarianism.
Sunderland Echo
2 hours
Bank customers could soon be forced to pay to withdraw their own cash at ATM machines, following a dispute over who maintains them.
South China Morning Post
4 hours
The Corbett Report
4 hours
[audio mp3="https://www.corbettreport.com/mp3/episode312-lq.mp3"][/audio] Obama’s legacy is measured in ashes. From wars of aggression to a police state on steroids, banking bailouts and Obamacare, Obama has been the perfect captain to carry the New World Order football further down the field. But as Americans prepare for a new liner to be placed in their gilded bird cage, today we remember how the Deep State tricked the public in 2008 by giving them what they thought they wanted.
Money News Companies
5 hours
HSBC has begun cutting around 100 senior jobs in its investment banking division worldwide this week, according to sources with direct knowledge of the matter.
BBC News 24
6 hours
The appointments will be quite key when it comes to banks. He hinted that actually he doesn't like the regulation that exists around the current investment banks. A lot of them are brought in after the financial crisis and they will be quite happy that he is now in power. We haven't really heard any clarity from Donald Trump in terms of what he wants to see happen in terms of some of these banking regulations.
The Huffington Post
6 hours
The same may now prove to be true in this case. The notion of national leaders strong arming companies is nothing new. American history is rife with examples, such as presidents Hoover and Roosevelt encouraging companies to act in the national interest during the Great Depression, president Kennedy publicly shaming steel companies into doing the right thing, and president Obama shaking up the banking regulations during the Great Recession. The same is very much true elsewhere in the world. The French government is no stranger to strongly incentivizing firms to remain in France, and the British government recently made promises to entice a Japanese carmaker to stay in the UK. The difference in the American case today is that the U.S. is neither at war nor in economic distress. The American version of capitalism has flourished for many decades because of a combination of entrepreneurialism, free markets, and the enforcement of reliable laws and regulations.
The Canary
7 hours
The Sun Daily
7 hours
BAGAN DATUK: The government is willing to put aside non-performing loans (NPL) from the National Higher Education Fund Corporation (PTPTN) to ensure that every strata of society had the opportunity to study up to the highest level. Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi said that from the commercial aspect, the PTPTN was not a viable financial institution because of the high NPL. "As a former bank executive and chairman, the PTPTN certainly is not viable from the commercial aspect because of the very high NPL, much higher than those who are paying back. "The government is willing to forget the NPL for the sake of responsibility to see that the people have educational opportunity. The government's commitment supersedes commercial value, supersedes banking values set by financial institution standards," he said. Ahmad Zahid said this when officiating the launching of the Matching Grant and 'Kempen Jom Menabung Tabung bersama Tabung Pendidikan' here held in conjunction with the Perak Mentei Besar Retreat Programme.
The Sun Daily
7 hours
Moreover, with oversupply in some segments of high-rise residences – this will likely cause a drop in the selling price of property, especially for those who do not have holding power and may need to liquidate their properties. With many in the oil and gas and banking industries who have been given the pink slip (especially foreigners/expats), renters will be spoiled for choice, even more, as the number of vacant leased homes/properties increase, causing landlords to drop rates. Then again, depending on which "side of the fence you're on", there will be losers and gainers unless one has had the foresight and considered a long-term investment plan beforehand. Hotspots and mantle plumes The effect from rejected bank loans and those needing to cash out on their properties will most likely see a rise in the number of rentals, especially those situated in strategic locations, facilitated with good public transportation or located in easily connected/accessible areas.
South China Morning Post
7 hours
The Sun Daily
9 hours
BANGKOK: A Malaysian man drove more than 2,500km from Malaysia to Si Chomphu, Khon Kaen in northeastern Thailand to find his former Thai-wife whom he suspected had cheated him 3 million Baht (about RM380,000) over a proposed business venture. According to the investigation officer at Si Chomphu police station Maj Worapol Srichiengsa, the 50-year old Malaysian man lodged a complaint along with receipts of the said banking transactions at Si Chomphu police station recently. "He filed a police complaint against his former wife for allegedly cheating him, in giving her money to do a sugarcane plantation business in her hometown at Si Chomphu district," he told Bernama here today. The man, he said, met his 32-year-old wife in Hatyai some 11 years ago and decided to get married in Malaysia later, with his wife helping him to manage his resort after they tied the knot.
Sputnik International
9 hours
The Herald
11 hours
The creation of independent savings banks, was to launch a system of banking which couldnt be further removed from that run by the international financiers of the City of London today.
Voice Of America
12 hours
The Week
12 hours
The Herald - Business
18 hours
BBC News 24
18 hours
Bank lending has been impeded. We have practically zero interest rate yet Gross domestic investment is negative or barely rising. GDP growth has not gone above 2%. Part of that reason rising. GDP growth has not gone but the hope of what is to come has banking stocks euphoric.
The Huffington Post
18 hours
Bankaroo, available for iOS, Android and Amazon devices, says it has about 100,000 users in more than 100 countries. In April, it released a new version of the app in Spanish. iAllowance The iAllowance app is another one in the vein of allowance trackers for parents and their kids. It's not free -- and available only on iOS for $3.99 -- but iAllowance has some handy features not found in other apps. Parents can push alerts to children to get chores done, and set up automatic allowance payouts and rewards when kids meet certain goals. They also can create an unlimited number of piggy banks for each of their kids. PiggyBot Also built around the idea of a virtual banking, allowance-tracking platform, PiggyBot is aimed at kids ages 6 to 8. It has some neat features, such as the ability to post photos of things your children want and a screen to show off the things they've purchased, giving them an idea of their goals and rewards.
The Herald - Markets & Economy
19 hours
THE big banks have delivered a most unfortunate amount of drama in the last decade. And Wednesday proved, while we might have crawled painfully away from the darkest days of the global financial crisis, there is still plenty to unfold in the big-budget banking sector soap opera.
Politico
20 hours
“Let me first say, any oversight, it was unintentional.” Even as Democrats showed no love for the nominee, he actually appeared to be more open to some of their positions than to those of conservative Republicans in Congress. Mnuchin said he supported a major bank-trading regulation that House Republicans want to repeal. He suggested that the Trump team was considering a new version of a Depression-era banking law to tackle financial risks — a position that echoed Elizabeth Warren. And he voiced concern about staffing at the IRS, which Republicans have tried to rein in through budget cuts. Mnuchin’s nomination initially presented a fairly large opportunity for Democrats who hoped to paint him as a callousForeclosure King” who spent his early years at a bankGoldman Sachs — that Trump regularly maligned during his surprise populist romp to the White House.
The Sun Daily - Business
a day