Unemployment remains stubbornly high, yet pockets of resilience emerge. The financial services industry saw 21,000 positions added in July. Yet, while financial institutions (FIs) have primarily avoided large scale layoffs and furloughs, many FI employees still feel the job-related impact of the coronavirus — for...
Australian financial regulators are feeling pressure to ensure financial institutions treat customers properly and have turned to artificial intelligence (AI) in an attempt to improve compliance, according to a report by the Financial Times. The Australian Securities and Investments Commission (ASIC) spent a year investigating...
The U.S. might prohibit Visa, Mastercard and other financial institutions (FIs), such as SWIFT, from processing transactions in Venezuela. Citing a senior Trump administration official, Reuters reported that if the move is finalized, it would target the elite and groups loyal to President Nicolás Maduro, including...
China is looking for foreign investment in its larger state-owned enterprises (SOEs). According to Reuters, the SOEs have been undergoing reforms since 2016 in an effort to make them more competitive. Some of the changes include introducing private capital, putting an end to overcapacity, shutting down “zombie”...
September 08, 2020
Unemployment remains stubbornly high, yet pockets of resilience emerge. The financial services industry saw 21,000 positions added in July. Yet, while financial institutions (FIs) have primarily avoided large scale layoffs and furloughs, many FI employees still feel the job-related impact of the coronavirus — for example, through spouses or family members who have lost their […]
April 08, 2019
Australian financial regulators are feeling pressure to ensure financial institutions treat customers properly and have turned to artificial intelligence (AI) in an attempt to improve compliance, according to a report by the Financial Times. The Australian Securities and Investments Commission (ASIC) spent a year investigating misconduct in the sector, and now it’s funding studies about […]
March 15, 2019
The U.S. might prohibit Visa, Mastercard and other financial institutions (FIs), such as SWIFT, from processing transactions in Venezuela. Citing a senior Trump administration official, Reuters reported that if the move...
February 18, 2019
China is looking for foreign investment in its larger state-owned enterprises (SOEs). According to Reuters, the SOEs have been undergoing reforms since 2016 in an effort to make them more competitive....
April 12, 2018
The government of China offered up a more clear schedule for opening up its financial sector to increased investments from foreigners, saying it will happen by the end of 2018....
