DJ Solomon is the new bank CEO. Like his counterpart at Citi. Solomon and Fraser are new influencers on Wall Street. And there is more to the achievements of Solomon if you consider it from this angle.
The Prudential Regulation Authority (PRA) has recently written a “Dear CEO” letter, intended to outline the Authority’s priorities for international banks that operate in the UK. The letter was sent to “the wide and diverse range of international banks that [the FCA] supervises” and helps such organisations identify and manage potential risks.
As Christmas and the New Year approaches, pour yourself a glass of Bailey’s (or perhaps something more expensive if you’re one of this year’s crypto winners) and look back at some of the winners and losers of 2021.
If the state refuses to bring forward UBI proposals, for either ideological or practical reasons, why not create a parallel economy where like-minded people establish something similar amongst themselves?
The Chancellor’s Taskforce, announced last week at the UK’s Fintech Week conference, will “engage widely with stakeholders on the benefits, risks and practicalities” of allowing consumers and businesses to open an account with the Bank of England.
This March, Jamie Dimon, CEO of JPMorgan, said in an interview with Bloomberg that “There’s a very good chance you’re going to have a gangbusters economy for the rest of this year and easily into 2022.”
The Bank of Japan struggled more than other central banks to respond to the Covid-19 pandemic because it had already introduced years of stimulus measures in an unsuccessful attempt to encourage price growth.
“Today, I voted to sue Facebook for illegal monopolization. The lawsuits filed by the Federal Trade Commission and 48 AGs allege that Facebook bought or buried competitive threats.
Our complaints seek all relief necessary to remedy the harm, including breaking up the company.”
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