Featured USA

Commerzbank spends 600 million euros on compliance, driven by U.S. monitor – Q4 results

Commerzbank’s compliance function, helped by the demands of a U.S. monitor, has come at a cost of 600 million euros since 2015 and reduction in both products and customer reach, the bank said. This includes an international anti-money laundering and sanctions compliance programme, it said in its Q4 results… Read More

Pence urges Europe to quit Iran deal, stop busting sanctions

AP — The Trump administration lashed out at some of America’s closest traditional allies Thursday, accusing Britain, France and Germany of trying to bust U.S. sanctions against Iran and calling on European nations to join the United States in withdrawing from the Iranian nuclear deal. In… Read More

Trump says he’s in no rush to see North Korea give up nukes

AP — President Donald Trump said Tuesday that he wants to see North Korea eventually give up its nuclear weapons program, but adds he’s not in any rush because U.S. relations with Pyongyang are good going into next week’s summit. “I have no pressing time schedule,” Trump said. Trump said… Read More
19th February 2019
AP — British lawmakers issued a scathing report Monday that calls for tougher rules to keep Facebook and other tech firms from acting like “digital gangsters” and intentionally violating data privacy and competition laws. The report on fake news and disinformation on social media sites followed… Read More
18th February 2019
The British government has decided it can mitigate the risks arising from the use of Huawei Technologies Co Ltd in 5G networks, the Financial Times reported on Sunday, citing two sources familiar with the conclusion of Britain’s National Cyber Security Centre (NCSC). The conclusion reached by Britain would “carry great… Read More
18th February 2019
Roger Ng, a former Goldman Sachs Group Inc banker caught up in the 1Malaysia Development Berhad (1MDB) fraud scandal, will be allowed to return to the United States to face criminal charges against him there, a Malaysian court ruled on Friday. Ng has been detained in Kuala Lumpur since Nov. Read More
18th February 2019
JPMorgan has announced the launch its digital coin representing a fiat currency. Called JMP Coin, the unit is based on blockchain-based technology and will enable the instant transfer of payments between institutional accounts. Exchanging value, such as money, between different parties over a blockchain requires a digital currency. “The JPM… Read More
15th February 2019
AP — A prominent New York City art dealer once accused by Alec Baldwin of fraud was sentenced to 2½ years in prison Thursday for evading over $3 million in federal taxes, a crime that left her rejected in some art circles and saying she feels… Read More
14th February 2019
Drug kingpin Joaquin ‘El Chapo’ Guzman Loera, who is estimated to have generated billions in illicit proceeds, has been found guilty of all 10 counts against him, including participating in a money laundering conspiracy and narcotics trafficking. Also known as ‘El Rapido,’ Guzman was convicted on Tuesday by a federal… Read More
13th February 2019
AP – President Donald Trump has signed an executive order directing federal agencies to prioritize research and development in artificial intelligence. The plan, called the American AI Initiative, follows big investment pledges from China and other countries intended to advance and apply AI technology in fields… Read More
12th February 2019
Iranian President Hassan Rouhani said on Monday that Iran was determined to expand its military power and ballistic missile programme despite mounting pressure from hostile countries to curb Iran’s defensive work, state TV reported. “We have not asked and will not ask for permission to develop different types of …… Read More
11th February 2019
AP — The National Enquirer committed neither extortion nor blackmail by threatening to publish intimate photos of Amazon CEO Jeff Bezos, an attorney for the head of the tabloid’s parent company said Sunday. Elkan Abromowitz, an attorney for American Media Inc. chief executive David Pecker, said… Read More
8th February 2019
AP — Amazon CEO Jeff Bezos said Thursday he was the target of “extortion and blackmail” by the publisher of the National Enquirer, which he said threatened to publish revealing personal photos of him unless he stopped investigating its acquisition of other private images and… Read More