Bitcoin experienced a spectacular surge in value following Cyprus’ botched bailout attempt. Is the virtual currency a mere bubble waiting to explode, or the future of cash?
While FATCA’s recent implementation delay has provided breathing space for financial institutions, they will do well to employ a measured and cost-effective approach to compliance.
Sandy Weill does an about-turn and joins advocates favouring the splitting-up of US’ largest banks in calling for far deeper changes among major banks to ensure past mistakes are not repeated.
Violation of US sanctions and the deliberate deletion of thousands of transaction records have seen Dutch Bank ING paying a record amount in settlement.
