UK watchdog warns against scrapping US rules for failing lenders
“Global regulatory co-operation would be threatened if the US dismantled its regime for failing banks, the UK financial watchdog has warned as the Trump administration takes aim at “too big to fail” lenders.”
“Today at the Facebook Developer Conference, Mastercard announced Masterpass-enabled bots to drive more seamless shopping on Facebook Messenger with FreshDirect®, Subway® and The Cheesecake Factory®.”
“Deutsche Bank AG was hit with the Federal Reserve’s first major fine for failing to ensure traders abide by the Volcker Rule’s ban on risky market bets — and will also pay even more for letting currency desks chat online with competitors, allegedly revealing positions.”
“A rise in regional trade in Asia is proving helpful to HSBC and Standard Chartered. ‘Both Standard Chartered and HSBC have approximately 30-40 per cent of revenues geared towards transaction banking.'”
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