Someone needs to tell President Donald Trump that his own U.S. Treasury Department chief, Steve Mnuchin, mass purveyor of reckless and short-sighted economic trade sanctions, is undermining his ability to truly make America great again.
In what is slated to become Vietnam’s largest graft case in history, nearly 50 elite bankers are on trial in Hanoi for alleged graft and mismanagement in a joint stock bank that led to losses worth $69 million. Among those accused are Ocean Bank’s former chairman and general manager.
Financial institutions’ drive to become more “experience-driven” is opening the door to potential competition from global technology giants, according to a report published today by the World Economic Forum.
Bitcoin and cryptocurrency has forever changed how the financial industry will operate. The finance industry currently requires a middle man in every transaction. The cryptocurrency innovation has helped revolutionize this practice by removing the bank from the process. Recently, Bitcoin reached another pivotal moment in its history; the fork. The recent interest in Bitcoin after the fork event has created more interest.
Gross Domestic Product (GDP) is, most certainly, an important yardstick for the economic performance of a country. Economists, policy makers, and central banks use GDP to gauge the health of the economy and direct fiscal and monetary policies to boost it.
The need to transfer funds across borders has risen considerably over the last few decades. Scores of businesses pay suppliers and employees from other countries and several receive payments from international customers. Migrants require the services of the remittance industry on an ongoing basis, and their numbers continue to swell. Fortunately, advancements in technology have ensured that making international fund transfers is no longer expensive, time consuming, or bothersome.
It is sad commentary on Muslim rulers and leaders that most of them are corrupt and shamelessly use even terrorism drama to mint wealth illegally, keeping them in the country concerned and abroad. . Arab rulers are the best examples who have huge assets indoors and abroad.