HSBC faces an $8.6 million penalty for mishandling customers in financial difficulty. The Financial Conduct Authority revealed the bank's failure to consider circumstances, endangering 1.5 million individuals.
Finance/Venture
Bank of Israel Faces Inflation Risks Following Refusal to Cut Interest Rate due to Massive War Spending
The Bank of Israel has opted to maintain its benchmark interest rate amid concerns over war-related budget strains, inflationary pressures, and supply chain disruptions.
South Korea, Japan, China Holds Trilateral Summit in Seoul to Discuss Resuming Free Trade Agreement Talks
South Korean President Yoon Suk-Yeol, Japanese Prime Minister Fumio Kishida, and Chinese Premier Li Qiang are to hold a trilateral summit in Seoul which would focus on resuming talks on a free trade agreement, among other matters.
Multi-Billion Dollar, Hybrid Crypto Exchange Websea, Thrives Under Crypto Champion Herbert Sim's Operational Leadership
It was no wonder Websea, the platform with Herbert as its COO since August 2023, would scale great heights. Websea, a billion-dollar market cap hybrid crypto exchange with CEX and DEX features combined into it, has its coin WBS hovering around a market cap of US$48 million. The price, over US$2.3 now, has more than doubled in a year, registering over 113% growth.
British-Chinese Woman Bitcoin Launderer Faces 6-Year-Imprisonment Over $6 Billion Crypto Fraud
A British-Chinese woman bitcoin launderer was sent to prison. She allegedly conducted a $6 billion crypto fraud scheme.
Latest News
Nvidia reported a stronger-than-expected first quarter revenue forecast, including an announcement of a stock split after its shares reached the $1,000 mark.
From the outside looking in, there's no denying that the Web3 ecosystem has evolved immensely over the last couple of years. To this point, a recent study suggests that the sector is set to achieve a valuation of $177.58 billion by 2033—with this growth largely being driven by a vision of decentralization, transparency, and community ownership shared by crypto enthusiasts globally.
The US CFPB is now targeting buy now, pay later loans with consumer protection policies, similar to what credit card firms comply with.
Citigroup Inc. was fined £61.7 million ($79 million) by British regulators for failing to prevent a "fat finger" mistake worth $444 billion.
Mastercard has revealed its plan to employ AI to determine if a credit or debit card number has been compromised.
Florida's officials report that rising commercial property insurance prices have caused hundreds of nursing homes to close in the last five years.
JPMorgan Chase CEO Jamie Dimon suggested that he may resign as the leader of the country's biggest lender earlier than expected.
Irish low-cost carrier Ryanair said that their net profit rose to $2.09 billion or 34%, making it its best-ever financial performance.
The 10-year Japanese Government Bond (JGB) rose to its highest level in 11 years since a similar rating was recorded back in 2013.
