Business News
Facebook veteran: Banks have big AML blind spot
American Banker - 5 Mar 2019 20:35
Criminals are inventing new ways to hide dirty money amid transactions for digital goods bought and sold on everything from Amazon to game-app sites. Banks need to wake up to the threat, says Ben Duranske, Facebook Payme...
Stocks slip, dollar gains as China cuts growth target
Reuters - 5 Mar 2019 23:19
A gauge of world stock markets recovered from early declines but was slightly lower on Tuesday as China cut its growth targets to a 30-year low but added more stimulus, while strong U.S. economic data sent the dollar to ...
State officials propose Pioneer Home rate increases
Miami Herald - 5 Mar 2019 20:31
State officials are proposing rate increases of between 40 percent and nearly 140 percent for residents of Alaska's state-supported elder-care facilities. Clinton Lasley is the director of the division overseeing …
Oil drops towards $65 as Libya's biggest field restarts
Reuters - 5 Mar 2019 11:53
Oil fell towards $65 a barrel on Tuesday, pressured by the restart of Libya's biggest oilfield and on expectations for an increase in U.S. crude inventories.
Disney CEO Bob Iger agrees to cut future pay by nearly $13.5B
New York Post - 5 Mar 2019 05:02
Walt Disney Co. said Monday that Chief Executive Bob Iger has agreed to slash his future pay by up to $13.5 million, including cuts to his performance-based pay. The Mouse House revealed it had decreased to $35 million w...
Verizon Media to Shutter Oath Ad Server
AdWeek - 5 Mar 2019 02:35
Verizon Media will close its Oath Ad Platform ad server next year as part of the telco unit's strategic review of the business, Adweek has learned. The strategic review was first revealed publicly at the end of 2018. Acc...
First Defiance in Ohio hires outsider to run its bank
American Banker - 5 Mar 2019 20:49
Vince Liuzzi previously served as chief banking officer at DNB First in Pennsylvania.
The Margin: 'QAnon' book claiming Democrats eat children is climbing the Amazon charts
Market Watch - 5 Mar 2019 19:32
"QAnon: An Invitation to the Great Awakening," a book pushing wacky conspiracy theories, has become an Amazon best-seller, cracking the top 75 of books sold on the site in recent days, according to NBC News.
UMB to buy corporate trust business in Iowa
American Banker - 5 Mar 2019 18:16
The company will open its first office in Iowa after buying the business from Bankers Trust.
Sum Up The Pieces: The iShares U.S. Healthcare ETF Could Be Worth $217
Forbes - 5 Mar 2019 16:09Case dismissed against Barclays trader; AML reports snare another bank
American Banker - 5 Mar 2019 15:13
The decision shows how hard it is to prosecute an individual banker; reports say Nordea, the Nordic area's largest bank, handled suspicious transactions.
Carlos Ghosn, accused ex-chairman of Nissan, granted bail in Japan
NBC News - 5 Mar 2019 14:58
Ghosn is charged with falsifying financial reports by under-reporting compensation that he contends was never paid or decided upon.
FBI stepping up efforts to root out international corruption
Miami Herald - 5 Mar 2019 07:13
Aiming to crack down on money laundering and bribes to overseas governments, the FBI is stepping up its efforts to root out foreign corruption with a new squad of agents …
The Wall Street Journal: NSA may end mass surveillance of phone-call metadata
Market Watch - 5 Mar 2019 04:43
The National Security Agency is considering ending a once-secret surveillance program that annually collects hundreds of millions of telephone call records, including those belonging to Americans, because it lacks operat...
CFPB's payday rule rollback sows confusion
American Banker - 5 Mar 2019 04:00
The industry cheered the bureau's proposed repeal of its ability-to-repay requirement, but another part of the rule -- on account debit restrictions -- was left intact, and some companies aren't ready to comply.
Mega Millions winner of $1.5B jackpot comes forward: Why they chose the lump sum
USA Today - 5 Mar 2019 02:12
The $1.5B Mega Millions jackpot winner chose to get paid in a lump sum. Here's a breakdown of why that makes sense.
N3twork introduces platform to scale third-party mobile games
Venture Beat - 5 Mar 2019 19:00
N3twork is introducing a platform for scaling third-party mobile games today in an effort to expand its business in mobile games.
'Ghost employees' help woman evade federal taxes
Miami Herald - 5 Mar 2019 17:57
A former Connecticut woman has pleaded guilty to creating "ghost employees" for her home health care staffing agency in order to avoid paying taxes. Federal prosecutors say 57-year-old Theresa Foreman, …
Wall Street opens flat, investors focus on trade talks
Reuters - 5 Mar 2019 17:11
U.S. stocks opened little changed on Tuesday, as investors awaited fresh developments in the U.S.-China trade talks.
Major in marijuana! This university is offering cannabis classes
USA Today - 5 Mar 2019 17:07
Hundreds of students at Northern Michigan University have enrolled in a new four-year degree program in medicinal plant chemistry. Buzz60's Sean Dowling has more.
BMW could shift some UK engine, Mini output if no orderly Brexit
Reuters - 5 Mar 2019 17:06
BMW could move some production of engines and its Mini model out of Britain if the country does not secure an orderly departure from the European Union, the German carmaker said on Tuesday, in the latest Brexit warning f...
This Fintech Makes Banks Like RBC More Profitable
Forbes - 5 Mar 2019 17:02
RBC is getting more consumers to open accounts and deepening those relationships thanks to a fintech that helps consumers save more money. Will this create upside surprise for RBC investors?