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Originally, customers were told to continue paying their debt, Reuters reported, but the company confirmed Friday to USA TODAY the debt was now cancelled. "Chase made the decision to exit the Canadian credit card market. As part of that exit, all credit card accounts were closed on or before March 2018. A further business decision has been made to forgive all outstanding balances in order to complete the exit," Maria Martinez, vice president of ...Read More
Is it a race or is China waiting to see Libra succeeded on a mass scale? Only time will tell. " China has long sought to unseat the dollar as the world's top currency with the yuan, also known as the renminbi. " - Likely they are trying to ...Read More
The characteristic of the shift over the past half-century is that of a structural change that despite provoking a series of crises, has not been effectively addressed. The result has been a widespread increase in inequality, interlinked with stagnation or even a decrease of purchasing power and living standards for ...Read More
This article by the NYT with the 60 Minutes on money laundering piece starts to put banks in the crosshairs of money laundering activity. A free press is a fundamental component of Democracy, and the Times has something here that could bring down a book of cards. This is ...Read More
“Goldman’s dress code is that you should dress the way you’re supposed to dress at Goldman. If you have to ask, etc. The difference between a middling banker and a great one is this sort of tacit knowledge.”
"HSBC Holdings Plc (HSBA.L) said on Monday it has performed the world's first trade finance transaction using a single blockchain platform, in a push to boost efficiency in the multi-trillion-dollar funding of international trade."
"The building looks abandoned, but inside the graffiti-covered door, 200 workers tap at laptops with the goal of reshaping the world."
"By providing the working class with the absolute bare minimum, universal basic income becomes doomsday prep for the tech billionaire"