REGIONBUSINESSLIVE.NEWS: Top and Breaking News 21:42 2019-10-09

Facebook Libra must meet strict standards, warns Bank of England

Digital currency must be subject to measures such as stress tests to gain approval The Bank of England has hardened its stance on Facebook’s Libra digital currency, telling the social media company it must meet its highe...

Facebook Libra must meet strict standards, warns Bank of England

Source: theguardian.com

Bank of England sets out rules of engagement for Facebook's Libra The Bank of England set out the rules of engagement that Facebook's Libra crypto-currency and other new digital payments providers would have to meet before they can open for business in Britain....
13:14 2019-10-09

Central banks will want oversight of Facebook's Libra: Bank of England's Carney Major central banks and regulators will want oversight of Facebook's proposed new currency and payment system, Libra, to ensure it is safe and does not allow money laundering or finance terrorism, Bank of England Governor Mark Carney said....
11:56 2019-06-21

Swiss-based Libra will have to meet tough U.S. standards-U.S. Treasury The Facebook-led Libra cryptocurrency project must meet the highest standards for combating money laundering and terrorism financing if it is to get off the ground, a senior U.S. Treasury official said on Tuesday....
23:14 2019-09-10

Swiss-based Libra will have to meet tough U.S. standards: U.S. Treasury The Facebook-led Libra cryptocurrency project must meet the highest standards for combating money laundering and terrorism financing if it is to get off the ground, a senior U.S. Treasury official said on Tuesday....
15:14 2019-09-10

Libra cryptocurrency must meet tough regulatory standards-U.S. Treasury The Facebook-led Libra cryptocurrency project must meet the highest standards for combating money laundering and terrorism financing, a senior U.S. Treasury official said on Tuesday....
13:42 2019-09-10

U.S. Warns Switzerland on Oversight of Facebook's Libra The U.S. urged Switzerland to ensure its regulations governing cryptocurrencies are strong enough to prevent abuse, as the European banking hub prepares to host Libra, a digital currency proposed by Facebook....
07:28 2019-09-11

Facebook co-founder warns against Libra cryptocurrency Chris Hughes says firms involved such as Paypal and Mastercard will wield too much powerOne of Facebook’s co-founders has warned the social network’s plans for a digital currency called Libra could allow corporations involved in the scheme to wield p...
18:00 2019-06-21

Facebook's Libra Bets It Can Bank the Unbanked Facebook has an ambitious goal for its proposed cryptocurrency, Libra: to bring financial services to the hundreds of millions of people world-wide who don’t use banks or other traditional institutions. The cryptocurrency sector has for years tried t...
14:00 2019-08-22

France says Facebook's Libra not yet viable as G7 minister meet France said on Wednesday the conditions were not ripe for Facebook to go ahead with plans for its Libra digital coin, as G7 finance ministers gathered north of Paris on Wednesday for a meeting focused on reining in the powers of big tech giants....
14:14 2019-07-17

Facebook's Libra in Regulators' Sights as ECB Warns of 'Stablecoin' Risks Facebook's attempt to drag cryptocurrencies into the mainstream with its Libra digital coin met with further scepticism on Monday when an ECB board member said such "stablecoins" posed serious risks....
10:56 2019-09-17

Switzerland warns Facebook's Libra it will face extra scrutiny Facebook's Libra cryptocurrency suffered another setback on Wednesday when Switzerland said the proposed payments system could face strict rules that typically apply to banks, on top of tough anti-money laundering laws....
17:56 2019-09-11

France Warns It Will Block Development Of Facebook's Libra Cryptocurrency France warned on Thursday it will block development of Facebook's planned Libra cryptocurrency in Europe because it threatens the "monetary sovereignty" of governments....
13:00 2019-09-12

UPDATE 1-France says Facebook's Libra not yet viable as G7 minister meet France said on Wednesday the conditions were not ripe for Facebook to go ahead with plans for its Libra digital coin, as G7 finance ministers gathered north of Paris on Wednesday for a meeting focused on reining in the powers of big tech giants....
14:14 2019-07-17

Facebook's Libra in regulators' sights as ECB's Coeure warns of 'stablecoin' risks Facebook's attempt to drag cryptocurrencies into the mainstream with its Libra digital coin met with further scepticism on Monday when an ECB board member said such "stablecoins" posed serious risks....
01:00 2019-09-17

Former Japan central banker warns Facebook's Libra may undermine monetary policy Central banks may see the impact of their monetary policies diminish significantly if Facebook's Libra cryptocurrency becomes widely used in their countries, a former Bank of Japan executive warned on Friday....
22:42 2019-08-02

European Central Bank bigwig outlines why Facebook’s Libra isn’t real cryptocurrency A representative of the European Central Bank (ECB) has slammed Facebook‘s quasi-cryptocurrency Libra, referring to its proposed ecosystem as a “siren call.” Yves Mersch, Luxemborgian lawyer and ECB executive board member, even told attendees of the ...
15:42 2019-09-02

Bank of England warns of 1 in 3 chance of Brexit recession Committee votes 9-0 to keep interest rates at 0.75% as uncertainty drags down the UK economyBritain has a one in three chance of plunging into recession as uncertainty over Brexit drags down the economy, the Bank of England has warned.Keeping interes...
19:00 2019-08-01

Bank of England warns pound set to plunge under No Deal Brexit The Bank of England today slashed its forecasts for economic growth and warned that a no-deal Brexit could trigger a further fall in the value of the pound....
22:00 2019-08-01

G7 urges strict Libra regime, eyes minimum tax Digital currencies like Facebook's Libra must be held "to the highest regulatory standards" to ensure they are not used to launder money and that users are protected, a Group of Seven taskforce urged on Thursday....
15:14 2019-07-18

Bank of England warns Brexit delay would hurt growth, after leaving rates on hold - business live UK central bank votes to keep interest rates at 0.75%, and warns that Brexit is making economic data volatileLatest: Bank leaves rates on hold......and warns against ‘entrenched uncertainty’Earlier:OECD cuts 2019 and 2020 growth forecastsLast night, ...
15:56 2019-09-19

Stablecoins like Libra must be held to highest standards: G7 Stablecoins like Facebook's Libra can foster financial inclusion but they must be held "to the highest regulatory standards" to ensure that they aren't used to launder money and that users are protected, a Group of Seven taskforce on the issue conclu...
15:14 2019-07-18

Facebook says Libra is out of its control. But Libra's overseers are a web of Silicon Valley insiders In its effort to bring the Libra cryptocurrency to life, perhaps the biggest hurdle for Facebook is a lack of trust and opposition from regulators around the world, who are concerned about Libra's potential implications for privacy and financial stab...
18:00 2019-09-29

DOE has decided many lightbulbs don’t have to meet efficiency standards Enlarge (credit: Gordon Wrigley / Flickr) Among the stranger subjects that has been caught up in the political wars raging in the United States is the lowly lightbulb. Back in the George W. Bush administration, a law was passed that set efficiency ...
23:56 2019-09-05

MiMedx Injectables Don't Meet Regulatory Standards Despite Claim to FDA The biomedical company’s injectable wound-care products don’t meet regulatory standards more than two years after MiMedx told the Food and Drug Administration it complied with requirements....
10:42 2019-05-24

Facebook’s Libra currency spawns a wave of fakes, including on Facebook itself The accounts purporting to sell or represent the not-yet-available digital currency could undermine efforts to inspire confidence and satisfy regulators scrutinizing Libra....
00:42 2019-07-23

WTO warns tariff wars threaten jobs and global living standards Organisation slashes forecast for 2019 trade growth amid US-China dispute and Brexit fearsThe World Trade Organization has warned that the outbreak of tariff wars pose a threat to jobs and living standards as it slashed its forecast for trade growth ...
08:56 2019-10-02

England’s Phil Neville: ‘We must drive standards higher and be more ruthless’ • Manager feels better to get nervy World Cup opener over• Neville: ‘I loved every minute of it. I’m really proud’Phil Neville said his England side have “nothing to fear” as they began their World Cup quest with a narrow victory against Scotland in ...
23:14 2019-06-09

EPA: California is failing to meet water standards amid homeless crisis The Trump administration warned the state of California Thursday that it is "failing" to uphold federal water quality standards, leading to "significant public health concerns" in cities with large homeless populations....
16:28 2019-09-27

2 Suspended For Failing To Meet Safety Standards At MTNL Mumbai Office MTNL has suspended two officers for failing to maintain the standard of fire fighting system of the company's building at Bandra West in which a fire broke out on July 22....
19:28 2019-08-07

2 Suspended For Failing To Meet Fire Safety Standards At MTNL Office MTNL has suspended two officers for failing to maintain the standard of fire fighting system of the company's building at Bandra West in which a fire broke out on July 22....
19:00 2019-08-07

PNB's Board To Meet Soon On Merger With Oriental Bank, United Bank The bank has received a communication from the Ministry of Finance that the alternative mechanism after consultation with Reserve Bank of India (RBI) has decided that Punjab National Bank, Oriental......
16:00 2019-08-31

Facebook to allow politicians to break community standards Facebook will allow politicians to break its usual community standards and exempt them from its fact-checking process in order to maintain "free expression" on the platform ahead of upcoming elections....
14:14 2019-09-25

Khashoggi murder trials must be public and meet international standards, UN expert urges A United Nations human rights expert said on Thursday that Saudi Arabia’s closed-door trials of those it accuses of assassinating the dissident journalist Jamal Khashoggi in Istanbul, have fallen short of international standards, calling instead for ...
14:38 2019-05-21

Watchdog: Child migrant shelters failed to meet safety, cleanliness standards A Texas-based nonprofit organization contracted by the U.S. government to care and house unaccompanied migrant children failed to meet safety and cleanliness standards, according to a government watchdog report....
08:42 2019-08-21

UK’s Johnson warns of dystopian digital future, calls on UN to set global standards for emerging technologies United Kingdom Prime Minister Boris Johnson on Tuesday evening focused his address at the UN mainly on the looming threat of artificial intelligence run amok, but also made a brief reference to Brexit – comparing the process of the UK’s delayed depar...
03:14 2019-09-26

Sex tech companies and advocates protest unfair ad standards outside Facebook’s NY HQ A group of sex tech startup founders, employees and supporters gathered outside of Facebook’s NY office in Manhattan to protest its advertising policies with respect to what it classifies as sexual content. The protest, and a companion website ...
18:00 2019-07-31

Facebook warns about iPhone privacy change that could unsettle Facebook users The blog post appears to be a way to get out in front of software changes made by Apple and Google that could unsettle Facebook users given the company's poor reputation for privacy....
06:14 2019-09-10

Swiss National Bank in close contact with authorities on Libra Switzerland's central bank is in close contact with relevant authorities over Facebook's Geneva-based Libra cyptocurrency project, Swiss National Bank Vice-Chairman Fritz Zurbruegg said on Tuesday....
15:28 2019-08-27

What is Libra? All you need to know about Facebook's new cryptocurrency Facebook claims it wants to reach people without access to a bank account, and that Libra is the best wayOn Tuesday, Facebook announced a digital currency called Libra that will roll out for use in 2020 and allow the platform’s billions of users acro...
21:14 2019-06-18

UK MP on Libra: Facebook’s almost trying to turn itself into its own country Facebook‘s ‘cryptocurrency‘ Libra is ruffling feathers among UK politicians amid concerns that the technology giant’s entry into the world of finance would give it too much power. Similarly to their US counterparts, which questioned Facebook‘s blockc...
21:28 2019-07-22

U.S. SEC chief says he has not discussed Libra with Facebook A top U.S. financial market regulator said on Tuesday he has not discussed with Facebook its Libra currency proposal, nearly a month after the social media giant announced the project....
21:00 2019-07-16

Facebook set for grilling on Libra cryptocurrency Facebook is set to face further scrutiny on its ambitions to launch a cryptocurrency after "very serious concerns" were raised by senior US government members.The company is set to be questioned by the US Senate Banking Committee over its Libra crypt...
17:14 2019-07-16

France: we can't allow Facebook's Libra in Europe French Finance Minister Bruno Le Maire said on Thursday Facebook's Libra cryptocurrency cannot operate in Europe under current conditions, citing systemic financial risks, risks for sovereignty, and the potential for abuse of market dominance....
12:14 2019-09-12

Facebook Libra scams already on the rise Ahead of the launch of Facebook Libra, a new investigation by The Washington Post has discovered a dozen accounts, pages and groups on both Facebook and Instagram that claim to be official hubs of the social networking giant's new cryptocurrency...
23:00 2019-07-23

Facebook's Libra will be disruptive, says ECB's Coeure Digital currencies such as Facebook's Libra will disrupt the financial system, either by forcing central banks to innovate or by grabbing a global role that could challenge the dominance of the dollar, ECB board member Benoit Coeure said on Tuesday....
00:56 2019-09-18

Why (Almost) Everybody Hates Facebook’s Cryptocurrency Libra Facebook Inc. says its mission is to “bring the world closer together.” Its plans to launch a digital currency called Libra have succeeded in uniting central bankers and financial regulators from around the globe, along with U.S. President Donald Tru...
15:28 2019-07-16

SEC Weighs Whether to Regulate Facebook's Libra U.S. securities regulators are examining whether Facebook Inc.’s planned cryptocurrency should fall under their oversight, a development that could further complicate the project....
13:28 2019-07-13

Facebook’s ‘cryptocurrency’ Libra has nothing to do with Bitcoin Facebook's Libra is not a cryptocurrency and won't offer the kinds of protections that Bitcoin does. It's a way for Facebook to track what you buy.Read More...
04:28 2019-07-05

U.S. SEC chief says he has not met with Facebook since Libra announcement A top U.S. financial market regulator said on Tuesday he has not discussed with Facebook its Libra currency proposal, nearly a month after the social media giant announced the project....
22:00 2019-07-16

The Ties That Bind Facebook's Libra Facebook says its cryptocurrency will be managed by an independent group, but an analysis finds more than half of the members have links back to the social media giant....
15:42 2019-10-07

Facebook's New Cryptocurrency, Libra, Gets Big Backers Facebook has signed up more than a dozen companies including Visa, Mastercard, PayPal and Uber to back the new cryptocurrency that the social-media giant plans to unveil next week....
05:00 2019-06-14

Facebook reveals new Libra cryptocurrency Facebook has finally taken the wraps off its long-awaited cryptocurrency.The social media giant has revealed that it will be launching the new Libra cryptocurrency as part of its blockchain-powered Calibra digital wallet, coming to Messenger and What...
14:14 2019-06-18

Facebook's New Libra Coin: How Does It Work, and Should You Buy It? On Tuesday Facebook announced Libra, a cryptocurrency that it will launch (along with 27 other partners) in 2020. A little like Bitcoin and a little like PayPal, Libra will be a new digital currency, one available to people without bank accounts or c...
19:56 2019-06-19

Facebook's real goal with Libra is to become even more of a utility David Marcus, the head of Facebook's digital currency project, said the company expects Libra will drive more advertising revenue for the company....
23:28 2019-07-15

UPDATE 1-France: we can't allow Facebook's Libra in Europe Facebook's Libra cryptocurrency cannot be allowed to operate in Europe while concerns persist about sovereignty, systemic financial risks and the risk of abuses by a dominant market player, France's finance minister said on Thursday....
14:14 2019-09-12

PayPal pulls out of Facebook's Libra cryptocurrency Payments company becomes first to withdraw from controversial digital projectPayPal has become the first company to drop out of Facebook’s Libra cryptocurrency, as the embattled project continues to face queries from regulators around the world.Libra...
17:42 2019-10-07

Facebook to Hire Banking Expert to Run 'Libra' David Marcus, Facebook's vice president of messaging products and a key figure behind 'Libra' digital currency project, made the statement in an interview....
21:42 2019-06-29

Facebook CEO to Testify at House PanelAbout Libra Facebook CEO Mark Zuckerberg is slated to return to Capitol Hill this month to testify before a House panel about the company’s foray into cryptocurrency....
19:42 2019-10-09

Singapore amongst currencies Facebook wants tied to Libra Social media giant has reportedly informed US government officials that the Singapore dollar, Japanese yen, and euro are amongst an initial bundle of global currencies that likely will be included in a reserve fund backing its cryptocurrency....
10:00 2019-09-10

UPDATE 1-U.S. SEC chief says he has not discussed Libra with Facebook A top U.S. financial market regulator said on Tuesday he has not discussed with Facebook its Libra currency proposal, nearly a month after the social media giant announced the project....
21:14 2019-07-16

UPDATE 2-U.S. SEC chief says he has not met with Facebook since Libra announcement A top U.S. financial market regulator said on Tuesday he has not discussed with Facebook its Libra currency proposal, nearly a month after the social media giant announced the project....
21:56 2019-07-16

France says G7 focused on containing risks of Facebook's Libra Group of Seven finance ministers meeting in France this week will make it one of their priorities to contain the risks posed by new currencies such as Facebook's Libra, the meeting's host, Finance Minister Bruno Le Maire, said....
08:42 2019-07-17

Facebook won't make Libra available until regulators are happy Facebook is determined to reassure officials that its Libra cryptocurrency is above-board. As part of prepared testimony for a July 16th Senate hearing, Calibra head David Marcus has stressed that the social network won't offer the virtual money...
22:42 2019-07-15

Facebook's Libra Is a License to Print Money A bunch of big companies have agreed to pony up $10 million each to take part, and it is easy to see why: On some reasonable-sounding assumptions about its takeup, it could be insanely profitable in real money, too....
01:56 2019-06-24

Facebook to launch Libra cryptocurrency next year Social media giant Facebook on Tuesday officially announced it will launch its own cryptocurrency, in a move some analysts believe could bring others like bitcoin more in the mainstream....
15:42 2019-06-18

How Facebook's Libra could lead you to clean out your wallet Facebook's upcoming cryptocurrency Libra has some experts concerned about security issues. A possible bigger problem: out-of-control spending by consumers....
20:28 2019-07-05

India isn’t keen on Facebook’s Libra ‘cryptocurrency’ Facebook’s new digital currency Libra has received an early jolt from the Indian government. The authorities in Asia’s third-largest economy are no more keen on the social media giant’s project than any cryptocurrency that came before it. “Design of ...
18:28 2019-07-08

Facebook met UK officials three times before Libra announcement Facebook met British finance ministry, central bank and regulatory officials in the weeks before making public its plans for the Libra digital currency, responses to Reuters freedom of information requests show....
19:42 2019-09-18

Donald Trump is 'not a fan' of cryptocurrency, Facebook Libra Just hours after a "social media summit," the president's Twitter account posted a thread aimed at, of all things, cryptocurrency. After starting off by claiming he's "not a fan of Bitcoin and other Cryptocurrencies, which are not money, an...
04:56 2019-07-12

Fed's Powell Says Facebook's Libra Raises 'Serious Concerns' Federal Reserve Chairman Jerome Powell and legislators in both parties expressed broad concern about Facebook’s plan to create a cryptocurrency-based payment network....
05:00 2019-07-12

Facebook's Libra coin likely to run a regulatory gauntlet Facebook Inc will face unprecedented regulatory scrutiny over a new digital currency that the social media company hopes will become globally recognized legal tender within a year....
05:14 2019-06-29

Facebook's Cryptocurrency "Libra" Will Be Launched In 2020 Facebook Inc revealed plans on Tuesday to launch a cryptocurrency called Libra, the latest development in its effort to expand beyond social networking and move into e-commerce and global payments....
15:42 2019-06-18

Facebook takes aim at e-commerce with Libra cryptocurrency Facebook plans to launch a cryptocurrency called Libra next year as part of its wider efforts to expand beyond social networking into e-commerce and global payments....
18:28 2019-06-18

Regulators to question Facebook over new Libra cryptocurrency BoE among 26 global banks due to meet with Libra amid fears over risk to state sovereigntyGlobal regulators will question Facebook on Monday about its Libra cryptocurrency amid concerns from EU governments over the threat the digital currency poses t...
00:14 2019-09-16

Facebook to face more scrutiny from Congress on Libra Facebook Inc will face more questioning on Wednesday by U.S. lawmakers over its planned cryptocurrency after a bruising first bout when senators from both parties condemned the project, saying the company had not shown it could be trusted....
14:14 2019-07-17

IMF says regulators must address possible risks from Facebook's Libra Facebook Inc's planned cryptocurrency Libra could help boost financial inclusion, but also raises concerns about consumer protection, data privacy, and potential "backdoor dollarization," the IMF's chief economist said on Wednesday....
17:28 2019-07-17

Facebook’s ‘cryptocurrency’ Libra may be in more trouble than we thought Facebook‘s ‘cryptocurrency’ Libra may be in even deeper trouble than we thought if a recent report is anything to go by. According to the Financial Times, it seems that some of Facebook‘s early backers have been spooked by increasing regulatory scrut...
19:28 2019-08-23

Facebook, stop trying to make Libra happen Just when we thought Facebook’s Libra couldn’t be subject to any more scrutiny, it turns out that data protection bosses from all over the world have banded together to share concerns about the ‘cryptocurrency’s’ potential privacy risks. Data officer...
16:42 2019-08-06

Paypal withdraws from Facebook's Libra Association U.S. payments processor PayPal Holdings announced Friday it was withdrawing from the Libra Association, a Facebook-led effort to build a global digital currency....
22:28 2019-10-04

Hard to Read Facebook's Libra Fortune Facebook’s cryptocurrency unveiling was widely anticipated, but bets on Libra catching on and generating meaningful revenue remain highly speculative....
02:14 2019-06-19

G7 nations to act against Facebook's 'Libra' cryptocurrency plan Facebook's plan to introduce its own cryptocurrency has come under sharp criticism from many countries. The social media giant announced in June that it would roll out a new digital currency, called Libra, from 2020....
23:28 2019-07-17

Facebook's Libra falls into 'big gap' in EU rules: regulator Facebook's proposed Libra cryptocurrency falls into a "big gap" in European Union financial regulation at a time when the bloc's ability to tackle money laundering is already stretched, a top EU regulator said on Thursday....
19:56 2019-09-05

Facebook needs to drop Libra and buy Square, Jim Cramer says "It's clearly doing more harm than good," the "Mad Money" host says. Instead Facebook should buy Square for $70 billion and expand the payments network worldwide....
06:28 2019-07-18

Washington Has Doubts About Facebook's Libra Payments Network Cryptocurrency backers found a silver lining in President Trump’s Thursday attacks on bitcoin: The attention from him—and Fed Chairman Jerome Powell the same day—shows the industry’s growing importance....
17:42 2019-07-12

Why governments around the world are afraid of Libra, Facebook’s cryptocurrency Critics worry Libra would threaten government-backed currencies and consumer privacy, while giving Facebook reign over an unprecedented global financial system....
20:42 2019-07-12

Congress Demands Facebook Put Brakes on Libra Cryptocurrency Facebook’s Libra cryptocurrency is off to a rocky start. After announcing Libra last month, U.S. lawmakers were none too thrilled given the social media giant’s dubious track record with privacy. Now, the U.S. House Committee on Financial Services is...
19:14 2019-07-03

Central banks to question Facebook over Libra cryptocurrency Facebook is about to undergo further scrutiny of its Libra cryptocurrency, and it may have to answer some difficult questions. Officials speaking to the Financial Times said that Libra representatives are meeting with officials from 26 central banks...
09:56 2019-09-16

Federal Reserve already concerned over Facebook’s cryptocurrency Libra Facebook’s cryptocurrency Libra hasn’t been launched yet, but it’s already giving the Federal Reserve a headache. “Libra raises serious concerns regarding privacy, money laundering, consumer protection, financial stability,” Fed Chairman Jerome Powel...
11:56 2019-07-11

Facebook's Libra puts 'unregulated cryptocurrencies' into focus The G7 ministers said this week they want to clamp down on cryptocurrencies like Facebook's Libra, arguing new and untested digital coins risk destabilizing international monetary systems. But can they and should they?...
03:28 2019-07-20

‘Arrogance,’ ‘a ploy,’ ‘bold’: Here’s what officials are saying about Facebook’s Libra Officials at home and abroad sounded off this week about Facebook's plans to start a cryptocurrency, expressing fears it could destabilize financial markets....
02:14 2019-07-20

PayPal Cautious About Future of Facebook's Libra Cryptocurrency PayPal is cautious about the future of Facebook-backed cryptocurrency Libra, which is slated to debut with the pioneering digital payments firm as part of its oversight association....
15:14 2019-09-14

| Facebook’s big Libra launch 'only fanned the flames' for critics Congress holding hearings on Facebook’s plan for a possible digital coin suggests that the high-profile debut for Libra was likely a public relations effort gone bad....
14:28 2019-08-04

Facebook's Libra cryptocurrency faces EU antitrust scrutiny Facebook's Libra is reportedly being probed by the European Union's competition authorities. The cryptocurrency plan has been met with intense skepticism from both data protection activists and regulators....
11:00 2019-08-21

Can Facebook's Libra Avoid Regulators? History Suggests Not For all its crypto styling, Facebook’s Libra looks less like bitcoin and more like a 50-year-old type of investment fund that has attracted intense regulatory scrutiny since the 2008 financial crisis. Investors should be skeptical of claims it can es...
13:42 2019-07-04

Bitcoin Fans Spy Opportunity in Facebook Libra Launch Bitcoin’s backers are adamant that Facebook’s coming digital currency, Libra, won’t spell the demise of other cryptocurrencies. To the contrary, many believe the launch of Libra spells opportunity....
16:28 2019-06-18

Is Facebook’s new Libra currency a play to become the world’s banker? The social-media giant says it wants to provide financial services to billions of people around the world, including those who lack access to banking....
02:56 2019-06-19

Good News, Facebook Doubters: You Can Bet on Libra Being Delayed Facebook's proposed cryptocurrency has faced such overwhelming scorn since it was announced in June that an exchange is facilitating bets on whether the social-media company can come close to meeting......
16:56 2019-10-08

| Privacy watchdogs warn Facebook over Libra currency Global privacy regulators have joined forces to demand guarantees from Facebook on how it will protect users' financial data when it launches its planned cryptocurrency, Libra....
13:14 2019-08-06

UK's data watchdog seeks more clarity from Facebook over Libra Britain's data protection watchdog said on Monday that it had joined with its counterparts from around the world in calling for more openness about Facebook's proposed Libra digital currency....
01:14 2019-08-06

Facebook's Libra faces EU antitrust probe - Bloomberg Facebook Inc's proposed digital currency Libra faces anti-trust probe by European Union regulators, Bloomberg reported on Tuesday, citing a document seen by the organization....
20:56 2019-08-20

Facebook's Libra faces EU antitrust probe: Bloomberg Facebook Inc's proposed digital currency Libra faces anti-trust probe by European Union regulators, Bloomberg reported on Tuesday, citing a document seen by the organization....
22:42 2019-08-20

Senators grill Facebook on its plans for Libra cryptocurrency Facebook Inc is "delusional" to believe people will trust it with their money, a U.S. senator said on Tuesday as lawmakers from both sides of the aisle grilled the social media company on its plans for a digital currency at a hearing on Tuesday....
18:14 2019-07-16

Facebook’s Libra Association is being investigated by EU antitrust regulators Facebook's Libra cryptocurrency project is being probed again, this time by European Union antitrust regulators. The European Commission said it is "currently investigating potential anti-competitive behavior," related to the Libra Association, ...
22:42 2019-08-20

US, UK regulators ask Facebook how Libra will protect personal data Facebook knew its Libra cryptocurrency would face a regulatory gauntlet, but it might not have expected a united front. Regulators from the US, UK, EU and four other governments have asked Facebook to answer several questions about how it will prote...
19:28 2019-08-05

France, Germany reject Facebook's libra cryptocurrency Facebook announced big plans to revolutionize payments in Europe with the launch of a virtual currency. But EU finance ministers see libra as a risk to monetary stability....
22:14 2019-09-13

Facebook Says Libra Cryptocurrency to Be Regulated by Swiss Authorities Facebook said its Libra cryptocurrency will be regulated by Switzerland’s financial watchdog, adding the digital money would never compete with national currencies or undermine the role of central banks....
19:42 2019-07-15

Here are the Senate’s sickest burns dished out to Facebook’s Libra Facebook‘s digital currency, Libra, has been causing a bit of a ruckus lately. Since its plans became public a few weeks ago, headlines have largely been awash with why it’s probably a bad idea. Nations all over the globe started to wake up to the re...
22:56 2019-07-17

Facebook cryptocurrency Libra skewered on Capitol Hill Facebook has pitched the cryptocurrency as a way to bridge a gap in the financial system for those who lack access to traditional banking. But regulators around the world and U.S. lawmakers have questioned the plan....
19:01 2019-07-16

Facebook Unveils Libra, Cryptocurrency Rival to Bitcoin Facebook formally announced plans to launch a cryptocurrency called Libra, promising a secure blockchain-based payment system backed by hard assets and designed for mainstream users....
14:01 2019-06-18

U.S. lawmakers challenge Facebook over Libra cryptocurrency plan U.S. lawmakers quizzed Facebook on Wednesday over its planned cryptocurrency, after a bruising first bout a day earlier when senators from both parties condemned the project, saying the company had not shown it could be trusted....
20:28 2019-07-17

EU looking to see if Facebook's Libra currency poses competition risks EU regulators are examining Facebook's proposed Libra cryptocurrency to see if it harms competition, Europe's antitrust regulator said on Wednesday, the latest watchdog to voice concerns about the social network's move into financial services....
21:00 2019-09-04

Portugal cautious about risks posed by Facebook's Libra Portugal's Secretary of State for Finance raised concerns about Facebook's digital currency Libra on Friday, stating that it should not circulate until the risks it could pose for the financial system are addressed....
17:00 2019-10-11

Facebook Questioned by Lawmakers on Its Libra Digital Currency Facebook was questioned by senators who said they don’t trust the social-media giant to operate a global cryptocurrency, but its main challenge will be overcoming skepticism from global regulators....
02:42 2019-07-17

UPDATE 1-IMF says regulators must address possible risks from Facebook's Libra Facebook Inc's planned cryptocurrency, Libra, could help boost financial inclusion, but also raises concerns about consumer protection, data privacy, and potential "backdoor dollarization," the IMF's chief economist said on Wednesday....
19:28 2019-07-17

Facebook will launch its Libra digital currency in 2020 Facebook has finally revealed plans to launch its new digital currency Libra next year. The tech giant said users would be able to use the coin through its apps and on Facebook-owned messaging service WhatsApp. Once it’s launched, users will be able ...
12:28 2019-06-18

Facebook reveals Libra cryptocurrency, with lofty goals Facebook Inc revealed plans on Tuesday to launch a cryptocurrency called Libra, the latest development in its effort to expand beyond social networking and move into e-commerce and global payments....
11:14 2019-06-18

Vodafone repledges Libra support, but wants it independent of Facebook Vodafone wants Libra to appoint an independent chief executive so that it becomes fully separate from Facebook. The telecoms giant, which yesterday reiterated its support for the struggling ‘cryptocurrency’ project, stated that independent leadership...
13:14 2019-10-09

France seeks Facebook Libra cryptocurrency ban in Europe France's economic minsiter intends to block development of Facebook's Libra cryptocurrency in Europe because of the systematic threats it poses.Read More...
12:42 2019-09-12

| Facebook's Libra currency could threaten the euro - official Widespread adoption of Facebook's proposed 'Libra' cryptocurrency could harm the European Central Bank's ability to manage the eurozone economy and threaten the euro itself, a top official said....
03:56 2019-09-04

Germany against allowing Facebook's Libra in Europe: Der Spiegel The German government is against giving regulatory approval for Facebook's Libra digital currency in the European Union, Der Spiegel magazine reported on Friday, citing a member of Chancellor Angela Merkel's conservatives....
20:42 2019-09-13

Germany against allowing Facebook's Libra in Europe -Der Spiegel The German government is against giving regulatory approval for Facebook's Libra digital currency in the European Union, Der Spiegel magazine reported on Friday, citing a member of Chancellor Angela Merkel's conservatives....
17:00 2019-09-13

Facebook Needs 'Very High Standard' For Libra Coin: US Treasury Facebook must meet "a very high standard" before it moves ahead with its planned digital currency Libra, US Treasury Secretary Steven Mnuchin said Monday....
05:14 2019-07-16

France to block Facebook's Libra cryptocurrency in Europe Finance minister says governments’ monetary sovereignty could be at riskFrance has said it will block the development of Facebook’s Libra in Europe, dealing the cryptocurrency a fresh blow. The French finance minister, Bruno Le Maire, said Libra coul...
19:56 2019-09-12

France to block development of Facebook's Libra cryptocurrency Finance minister warns monetary sovereignty of governments could be at riskFrance has said it will block development of Facebook’s Libra cryptocurrency in Europe because it threatens the “monetary sovereignty” of governments.“I want to be absolutely ...
18:14 2019-09-12

France Hardens Position Against Facebook's Libra Currency Europe should block Facebook-backed digital currency Libra and create a public alternative, a senior French official said, staking out a hard line amid broader resistance to the idea from U.S. and international officials....
16:56 2019-09-12

France doesn’t want Facebook to operate Libra in Europe Facebook’s ambitious cryptocurrency project, Libra, has been facing a lot of heat in Europe since its announcement in June. Now, according to Reuters, the French finance minister, Bruno Le Maire, doesn’t want it to operate in the EU, as he feels it’s...
16:56 2019-09-12

'I don't think you should launch Libra': US lawmakers hammer Facebook over currency House members challenge company over its plans to protect data and question its goals in latest clash on Capitol HillFacebook once again faced intense questioning from US lawmakers over the future launch of its cryptocurrency project Libra, in a comb...
00:42 2019-07-18

Facebook's Libra launch will extend its global domination Cryptocurrency could wipe out many businesses and further concentrate corporate powerEvery week, dozens of people walk into the Sunshine convenience store in Charlottesville, Virginia, to send money to relatives in other countries. They use a service...
14:56 2019-06-18

China says new digital currency will be similar to Facebook's Libra China's proposed new digital currency would bear some similarities to Facebook's Libra coin and would be able to be used across major payment platforms such as WeChat and Alipay, a senior central bank officer said....
09:28 2019-09-06

Libra: US Congress asks Facebook to pause development Legislators say they need time to investigate cryptocurrency and its potential impactThe US Congress has asked Facebook to pause development on its Libra cryptocurrency until lawmakers have had more time to investigate the ramifications of the compan...
13:14 2019-07-03

PayPal becomes first member to exit Facebook's Libra Association U.S. payments processor PayPal Holdings Inc said on Friday it was leaving Libra Association, the entity managing the Facebook-led effort to build global digital currency Libra, making it the first member to exit the group....
12:56 2019-10-05

Facebook's Libra cryptocurrency loses backing from PayPal A few days after the Wall Street Journal suggested that some companies announced as initial backers for Facebook's cyptocurrency were reconsidering support, PayPal has announced it will end its participation in the Libra Association. Founding me...
08:00 2019-10-05

Facebook reveals its new digital currency called Libra As expected, Facebook announced a brand new cryptocurrency coming in 2020 – Libra. Described as a new digital wallet for new digital currency, the new financial service will allow consumers to keep their cryptocurrency safe, as well as make various t...
19:01 2019-06-18

BoE's Carney says keeping open mind on Facebook's Libra Bank of England governor Mark Carney has said he is keeping an 'open mind' on the potential utility of Facebook's planned cryptocurrency, but warned it may face strict regulation if it takes off....
18:28 2019-06-18

PayPal may be getting cold feet over Facebook’s ‘cryptocurrency’ Libra Facebook’s ‘cryptocurrency’ Libra is reportedly on the verge of losing another one of its partners after Paypal pulled out of a key meeting in Washington on Thursday. According to the Financial Times, all 28 supporters of Facebook’s digital currency ...
10:42 2019-10-04

U.S. securities chief 'not prepared' to say if Facebook's Libra a security The head of the U.S. Securities and Exchange Commission repeatedly refused to tell a congressional panel on Tuesday whether or not Facebook's Libra would be regulated as a security under his watch....
01:00 2019-09-25

Facebook Says Libra Can Change the World. It Needs to Convince Users. Facebook has big plans to remake the financial system with its cryptocurrency-based payments network. But persuading people to adopt a brand-new technology could be tough....
19:56 2019-06-27

Facebook Unveils Plans For Global Cryptocurrency 'Libra' Facebook and some two dozen partners on Tuesday released a prototype of a cryptocurrency called Libra, whose rollout as global digital money is expected next year....
16:00 2019-06-19

Conditions not in place for Facebook's Libra to go ahead: France Facebook's Libra digital coin project cannot go ahead in the form it has been presented so far, French Finance Minister Bruno Le Maire said on Wednesday....
14:14 2019-07-17

UPDATE 2-PayPal withdraws from Facebook's Libra Association U.S. payments processor PayPal Holdings Inc said on Friday it was leaving the Libra Association, making it the first member to exit from the Facebook-led effort to build a global digital currency....
05:14 2019-10-05

Facebook's Libra Coin Frightening, Company Co-Founder Says Facebook co-founder Chris Hughes, who initiated the call to break up the social networking giant, has termed the new digital currency Libra "frightening"....
14:28 2019-06-22

Facebook Scrambles to Keep Libra on Track as Partners Waver Visa, Mastercard and other partners that signed on to help build and maintain the Libra payments network are reconsidering their involvement after backlash from U.S. and European government officials....
14:28 2019-10-02

Facebook's Libra currency will get half its backing from the US dollar Facebook was quick to promise that its Libra cryptocurrency would have the stability of real-world money behind it, but whose money will dominate? It's now particularly clear. Facebook sent a letter to German politician Fabio De Masi explainin...
03:56 2019-09-23

Facebook's Libra Cryptocurrency: How It Stacks Up to Bitcoin and PayPal In many ways, Libra appears to operate more like existing web-payment systems, such as PayPal, than bitcoin. Here’s how Facebook’s new system compares with systems already out there....
12:56 2019-06-28

You can soon bet on Facebook’s ‘cryptocurrency’ Libra missing its launch date I shouldn’t have to tell you that Facebook‘s upcoming ‘cryptocurrency‘ Libra isn’t having a great time. With every passing day, and every new headline, it seems less likely that Libra will ever launch, let alone on time. Well, if you’re skeptical and...
16:56 2019-10-07

Facebook's Libra Could Give Dollar, Banks Some Welcome Competition Facebook’s new digital currency has the potential to become a true alternative to national currencies by creating a de facto central bank, which other fin-tech startups and cryptocurrencies have failed to do....
19:56 2019-06-27

EU to regulate crypto currencies such as Facebook's Libra - Dombrovskis The nominee to become the European Union's next finance commissioner pledged on Tuesday to propose new rules to regulate crypto currencies such as Facebook's Libra....
13:14 2019-10-08

Visa, Mastercard reconsider backing Facebook's Libra: WSJ Visa , Mastercard Inc and other key financial partners may reconsider their involvement in Facebook Inc's cryptocurrency, Libra, the Wall Street Journal reported on Tuesday, citing people familiar with the matter....
02:28 2019-10-02

Facebook’s Libra coin isn’t even out yet, but it’s already facing opposition in Europe Facebook on Tuesday announced the Bitcoin rival it has been developing for the better part of a year: Libra. From the start, Facebook insisted on how secure Libra would be, and on the fact that a subsidiary called Calibra will be in charge of Libra, ...
22:28 2019-06-18

US lawmakers tell Facebook to halt the launch of its Libra cryptocurrency US lawmakers have asked Facebook to "immediately cease implementation plans" of its Libra cryptocurrency. Before it proceeds any further, the House Financial Services Committee, led by Democrat Maxine Waters, wants to examine risks around cyber secur...
11:42 2019-07-03

EU grills Facebook over Libra's financial and privacy risks It's not just central banks interrogating Facebook over its Libra cryptocurrency as of late. The Financial Times has learned that the European Commission has asked Facebook to answer a range of questions about Libra, including the risks to fina...
06:14 2019-10-07

Facebook warned Libra cryptocurrency will come under close scrutiny UK financial regulator highlights concerns over consumer protection and privacy Facebook’s plans for a global cryptocurrency, Libra, will warrant close scrutiny by governments across the world, according to one of the UK’s most senior financial regul...
10:56 2019-07-03

Why Facebook's Libra currency gets the thumbs down | Joseph Stiglitz Only a fool would trust Facebook with their financial wellbeing. But maybe that’s the point of the Libra currencyFacebook and some of its corporate allies have decided that what the world really needs is another cryptocurrency, and that launching one...
22:00 2019-07-02

PayPal becomes first member to leave Facebook’s Libra Association U.S. payments processor PayPal said it was leaving Libra Association, the entity managing the Facebook-led effort to build global digital currency Libra.Read More...
02:56 2019-10-06

WSJ: Visa, Mastercard are reconsidering support for Facebook Libra It has been a few months since Facebook officially announced its "Libra" cryptocurrency push with support from some big names including Visa and Mastercard. Since then we've heard little about it other than increasing scrutiny from regulators, b...
02:56 2019-10-02

Sure Sounds Like Things Aren't Going Well for Facebook's Libra Cryptocurrency Scheme There’s been no shortage of official opposition to Facebook and dozens of corporate partners’ plans to launch a cryptocurrency powered global payment network, Libra. A short list of the wary might include the heads of the U.S. Federal Reserve and Tre...
10:42 2019-10-02

Visa, Mastercard To Back Facebook's Cryptocurrency Libra: Report Visa, Mastercard Inc and other key financial partners may reconsider their involvement in Facebook Inc's cryptocurrency, Libra, the Wall Street Journal reported on Tuesday, citing people familiar with......
06:28 2019-10-02

Facebook announces Libra cryptocurrency and Calibra digital wallet Facebook has announced its cryptocurrency Libra and a global association of organizations that will govern it. The company also announced Calibra, a new subsidiary that will build a digital wallet for Messenger, WhatsApp, and a standalone app on iOS ...
12:28 2019-06-18

U.S. House panel wants Facebook's Zuckerberg to testify on Libra by January Facebook Inc Chief Operating Officer Sheryl Sandberg has tentatively agreed to testify before a U.S. House committee on Oct. 29 about the company's plan for a digital currency, but the panel will not schedule the hearing until Chief Executive Mark Zu...
06:42 2019-10-04

Facebook’s Libra ‘cryptocurrency’ is missing one thing: monetary policy Facebook has outlined the economics of its new Libra cryptocurrency, revealing it will create a secondary token intended specifically to pay dividends to early backers. It’s called the Libra Investment Token, and it will only be available to members ...
15:28 2019-06-18

Facebook Libra Launch Could Be Delayed Over Regulatory Concerns: Executive The launch of Facebook's Libra could be pushed back to tackle the regulatory concerns that have been raised around the world, the head of the organisation set up to oversee the cryptocurrency told......
10:28 2019-09-28

Germany's Scholz sounds alarm on cryptocurrencies such as Facebook's Libra German Finance Minister Olaf Scholz said on Tuesday regulators must ensure that cryptocurrencies such as Facebook's planned digital coin Libra do not threaten financial stability and consumer privacy....
18:14 2019-07-16

Facebook's Libra seeks Swiss payment system license Facebook's Libra cryptocurrency project is seeking a Swiss payment system license, financial watchdog FINMA said on Wednesday, noting the breadth of the planned services would require broad oversight....
11:00 2019-09-11

Factbox: Facebook's new cryptocurrency Libra and digital wallet Calibra Facebook Inc revealed plans to establish a cryptocurrency called Libra on Tuesday. It will be run by an association comprised of other corporate investors and non-profit members, with an expected launch in the first half of 2020....
14:42 2019-06-18

'Flaky, unstable, bad with money': astrologers on Facebook's Libra currency With Mars in the 12th house at the time of the announcement, the new cryptocurrency should ultimately succeedWhen Facebook announced its cryptocurrency Libra, which shares its title with an astrological sign for people born approximately between 23 S...
23:42 2019-06-20

Libra: Facebook launches cryptocurrency in bid to shake up global finance Digital currency will let billions of users make transactions but is raising privacy concerns•Facebook’s Libra launch will extend its global domination•All you need to know about Facebook’s new cryptocurrencyFacebook has announced a digital currency ...
14:01 2019-06-18

Facebook's Libra cryptocurrency stirs criticism, privacy concerns US lawmakers have grilled Facebook on its ambitious plan to create a financial ecosystem based on a digital currency called Libra. The project is viewed with skepticism in many countries, including Germany....
20:14 2019-07-16

Facebook’s Libra currency gets backing from MasterCard, Visa, PayPal and more Today, Facebook finally announced its long-rumored cryptocurrency platform, Calibra. Some speculated that the company would rely on outside firms and existing cryptocurrency exchanges, like the Winklevoss twins' Gemini. Instead, Facebook's ...
13:28 2019-06-18

Facebook's Libra Hits Extra Regulatory Roadblocks in Europe The European Union will introduce legislation aimed at preventing libra, Facebook’s proposed digital currency, from undermining Europe’s single currency and being used as a money-laundering tool—representing one of the toughest regulatory responses s...
17:14 2019-10-08

UPDATE 3-Mastercard, Visa, others exit Facebook's Libra project Facebook Inc's efforts to establish a global digital currency called Libra suffered major setbacks on Friday, as EBay Inc, Stripe Inc, Mastercard and Visa Inc all said they were leaving a group of companies aiding the project....
00:56 2019-10-12

PayPal Drops Support for Facebook's Libra Cryptocurrency Scheme A few days after the Wall Street Journal reported that a few corporate supporters of Facebook’s cryptocurrency were considering bowing out of its so-called “crypto mafia”, PayPal became the first to do so Friday, announcing that it will no longer par...
05:42 2019-10-05

eBay, Visa and Mastercard pull out of Facebook's Libra cryptocurrency Stripe and eBay have followed PayPal in backing out of Facebook's cryptocurrency, Libra. They confirmed to the Financial Times that they would pull their support, while Mastercard and Visa have also dropped out....
10:28 2019-10-12

Facebook forced to take action against fraudsters peddling fake Libra It’s barely been a month since Facebook unleashed its cryptocurrency Libra into the wild and published its whitepaper. But already, the social media giant has been forced to address a growing number of fake communications associated to its digital as...
17:14 2019-07-23

Explainer: 'Stablecoins' in the spotlight as Facebook unveils Libra cryptocurrency The original cryptocurrency accounts for over half of the $285 billion global coin trading market. But that dominance is under threat, with a host of alternative digital coins emerging as developers race to build cryptocurrencies able to enter mains...
19:01 2019-06-18

The Morning After: Visa and Mastercard leave Facebook's Libra Association Hey, good morning! You look fabulous. Welcome to your weekend! We've got a new Engadget Podcast episode for you to enjoy, as well as some bad news about Facebook's Libra cryptocurrency. News highlights from earlier in the week include the ...
17:56 2019-10-12

Facebook’s ‘cryptocurrency’ Libra reportedly facing EU competition probe Facebook’s controversial ‘cryptocurrency’ Libra is facing a competition probe by the European Union Commission, according to a document seen by Bloomberg. The European Union’s antitrust regulators are “currently investigating potential anti-competiti...
12:56 2019-08-21

Crypto Twitter responds to the reality of Facebook’s Libra ‘cryptocurrency’ Following months of speculation, Facebook finally confirmed the release of Libra next year. The tech giant also unveiled details about Calibra, its corresponding custodial digital wallet, but failed to provide specifics about its launch plans. Given ...
23:14 2019-06-18

Swiss watchdog expects details on Facebook's Libra by end of month Switzerland's privacy watchdog expects to receive details on Facebook's Libra cryptocurrency by the end of this month, a spokeswoman for the agency said on Tuesday....
18:14 2019-08-20

Would you trust Facebook with your money? What Libra cryptocurrency means for users Facebook revealed it will launch a digital currency similar to Bitcoin, called Libra. Here's what that move might means for its users.       ...
21:56 2019-06-18

UPDATE 3-PayPal becomes first member to exit Facebook's Libra Association U.S. payments processor PayPal Holdings Inc said on Friday it was leaving Libra Association, the entity managing the Facebook-led effort to build global digital currency Libra, making it the first member to exit the group....
06:28 2019-10-05

Consensus among G7 ministers to tackle Facebook's Libra: French chair G7 ministers meeting in France on Wednesday agreed on the need to confront the emergence of digital currencies following Facebook's plans to launch its Libra digital coin, a French G7 presidency source said on Wednesday....
01:14 2019-07-18

UPDATE 3-U.S. lawmakers challenge Facebook over Libra cryptocurrency plan U.S. lawmakers quizzed Facebook on Wednesday over its planned cryptocurrency, after a bruising first bout a day earlier when senators from both parties condemned the project, saying the company had not shown it could be trusted....
18:00 2019-07-17

UPDATE 4-U.S. lawmakers challenge Facebook over Libra cryptocurrency plan U.S. lawmakers bashed Facebook on Wednesday over its planned cryptocurrency, after a bruising first bout a day earlier when senators from both parties condemned the project, saying the company had not shown it could be trusted....
19:28 2019-07-17

Consensus among G7 ministers to tackle Facebook's Libra - French chair G7 ministers meeting in France on Wednesday agreed on the need to confront the emergence of digital currencies following Facebook's plans to launch its Libra digital coin, a French G7 presidency source said on Wednesday....
19:28 2019-07-17

Facebook CEO Mark Zuckerberg under pressure to testify to Congress about Libra House lawmakers are ratcheting up pressure on Facebook in an attempt to force chief executive Mark Zuckerberg to testify in the coming months about his company's plans to launch the Libra cryptocurrency....
21:42 2019-10-04

EU to urge G20 response on Facebook's Libra, calls for tech tax reform European Union finance ministers will tell their counterparts at a G20 meeting in mid-October that a global regulatory response is needed to "stablecoins" such as Facebook's Libra, an EU document said....
21:42 2019-10-04

UPDATE 6-U.S. lawmakers challenge Facebook over Libra cryptocurrency plan U.S. lawmakers bashed Facebook on Wednesday over its planned cryptocurrency, saying the company had not shown it could be trusted to safeguard the world financial system and consumers' data....
23:56 2019-07-17

Facebook asked by lawmakers to pause Libra cryptocurrency project Congresswoman Maxine Waters asked Facebook to halt movement of its Libra project until hearings can be held to examine concerns, while French Finance Minister has called for tighter cryptocurrency regulation....
04:56 2019-06-19

PayPal Abandons Facebook-Backed Libra Cryptocurrency Group Pioneering digital payments firm PayPal on Friday said it will no longer be part of an alliance intended to oversee the Facebook-backed Libra cryptocurrency, which has come under attack by regulators....
04:28 2019-10-05

Facebook's Libra currency abandoned by major financial companies Facebook Inc's ambitious efforts to establish a global digital currency called Libra suffered severe setbacks on Friday, as major payment companies including Mastercard and Visa Inc quit the group behind the project....
04:56 2019-10-12

Facebook should stop trying to disrupt payments with Libra and focus on repair Facebook has had quite a run operating in the completely unregulated, wild world of social media, finally ending with a mea culpa that it needs government regulation in order to manage the massive social and democratic disorder it has created. With i...
20:28 2019-08-18

Undeterred, Facebook to press on with Libra launch next year - exec Facebook still aims to launch its Libra digital currency next year, its executive overseeing the project told Swiss newspaper NZZ, as the company presses ahead despite authorities around the world pouring cold water on the plans....
18:00 2019-09-20

BOJ Kuroda urges global cooperation in regulating Facebook's Libra Bank of Japan Governor Haruhiko Kuroda said on Tuesday that international cooperation was crucial in regulating stable coins such as Facebook's planned Libra digital currency....
09:28 2019-09-24

Facebook Libra digital currency will carry hidden costs When Facebook announced its intention to get into the money business, we wondered what would be next. Its own court system? An army?: Our view       ...
01:14 2019-07-04

ECB's Villeroy tells Facebook that Libra faces tough scrutiny European Central Bank board member Francois Villeroy de Galhau said on Tuesday that "stablecoins" like Facebook’s Libra highlight gaps in rules and the media giant's payments project faced a tough regulatory approach....
00:56 2019-09-18

Facebook reveals Libra cryptocurrency, sparking new privacy concerns Facebook Inc announced ambitious plans on Tuesday to launch a new global cryptocurrency called Libra, part of an effort to expand into digital payments that immediately raised privacy concerns....
21:00 2019-06-18

President Trump takes aim at Facebook’s cryptocurrency, Libra, saying it should be regulated Taking aim at Facebook's plans to launch a virtual currency, known as Libra, and a wallet, named Calibra, Trump said in a series of tweets that the currency would have "little standing or dependability."...
11:01 2019-07-12

Bitcoin near two-week highs, fueled by hopes for Facebook's Libra Bitcoin held on Tuesday near its highest for two weeks after surging as much as 9% overnight, a move analysts said was probably driven by hopes that cryptocurrencies are gaining wider acceptance after Facebook disclosed plans for a digital coin....
11:56 2019-07-09

Singapore wants more details on Facebook Libra before deciding on regulatory response Country's central bank remains in talks with Facebook and wants more details on how the US social media platform plans to implement its cryptocurrency before exploring potential legislation....
22:28 2019-07-08

Facebook's Libra cryptocurrency needs deep thought and detail - UK regulator Facebook's fledging cryptocurrency will raise questions for both society and government that need close examination, a senior official at Britain's financial watchdog said on Tuesday, in another sign that the planned project will face deep scrutiny....
17:14 2019-07-02

Bitcoin price falls below $10,000 as boost from Facebook's Libra fades Cryptocurrency climbed to nearly $14,000 on news social network was launching rivalThe price of bitcoin has fallen back below $10,000, down 30% from last week’s peak of nearly $14,000.Continuing its wild ride, the digital currency dropped to $9,717 o...
10:56 2019-07-02

Facebook's Libra cryptocurrency 'poses risks to global banking' Move could affect competition and data privacy, warns Bank for International SettlementsFacebook’s plan to operate its own digital currency poses risks to the international banking system that should trigger a speedy response from global policymakers...
19:00 2019-06-23

Facebook official says regulatory concerns to be addressed before Libra launch Facebook Inc's top official overseeing the launch of its Libra cryptocurrency plans to tell U.S. lawmakers the company will not launch the digital currency until regulatory concerns and approvals are fully addressed....
18:00 2019-07-15

Facebook's Libra: Why is the world fascinated by a cashless society Facebook’s Libra is joining the cryptocurrency world alongside Bitcoin and Ethereum, but this isn’t the first cashless method on the market. As companies are simplifying consumer transactions, will cash reach an expiration date? We explai...
21:28 2019-06-28

Germany's Scholz: We cannot accept parallel currencies such as Facebook's Libra German Finance Minister Olaf Scholz said on Tuesday that policymakers could not accept the emergence of parallel currencies, adding that Berlin would reject any such plans....
17:56 2019-09-17

Factbox: Facebook's cryptocurrency Libra and digital wallet Calibra Facebook Inc revealed lofty plans to establish a cryptocurrency called Libra in June, but the project quickly ran into trouble with skeptical regulators around the world....
00:56 2019-09-14

Facebook Libra Digital Currency Raises 'Serious Concerns': US Fed Chief US Federal Reserve Chairman Jerome Powell said that Facebook's plan to build a digital currency called Libra "cannot go forward" until serious concerns are addressed....
09:56 2019-07-11

U.S. dollar to be main currency underpinning Facebook's Libra: Spiegel The U.S. dollar will make up 50% of the basket of currencies backing Facebook's planned digital coin Libra, with the euro, yen, sterling and Singapore dollar comprising the rest, Der Spiegel reported, referring to a letter from Facebook....
23:42 2019-09-20

Facebook Libra chief testifies in Congress to explain cryptocurrency The head of Facebook's blockchain division will appear in Congress Tuesday for the first of two hearings about the social media network's plans to roll out a new digital financial system next year....
12:56 2019-07-16

Launch of Facebook's Libra could be delayed over regulatory concerns: executive The launch of Facebook's Libra could be pushed back to tackle the regulatory concerns that have been raised around the world, the head of the organization set up to oversee the cryptocurrency told Reuters....
22:00 2019-09-27

Facebook's Libra cryptocurrency needs deep thought and detail: UK regulator Facebook's fledging cryptocurrency will raise questions for both society and government that need close examination, a senior official at Britain's financial watchdog said on Tuesday, in another sign that the planned project will face deep scrutiny....
19:42 2019-07-02

Undeterred, Facebook to press on with Libra launch next year: executive Facebook still aims to launch its Libra digital currency next year, its executive overseeing the project told Swiss newspaper NZZ, as the company presses ahead despite authorities around the world pouring cold water on the plans....
18:56 2019-09-20

Facebook's Libra cryptocurrency faces questions from international regulators Chair of Financial Stability Board says company’s plans could spark closer scrutiny of cryptocurrenciesFacebook’s Libra cryptocurrency is facing increasing skepticism from international regulators days after ambitious plans for it were unveiled by th...
22:42 2019-06-27

RPT-Facebook's Libra cryptocurrency needs deep thought and detail - UK regulator Facebook's fledging cryptocurrency will raise questions for both society and government that need close examination, a senior official at Britain's financial watchdog said on Tuesday, in another sign that the planned project will face deep scrutiny....
17:14 2019-07-02

Survey finds adults couldn’t care less about Facebook’s Libra ‘cryptocurrency’ Facebook Libra’s potential to help cryptocurrency go mainstream has been touted in recent weeks, but recent survey results indicate otherwise.  According to a poll conducted by CivicScience, which looked into general interest and public concerns surr...
18:14 2019-07-24

Trump bashes Bitcoin and calls for regulation of Facebook’s Libra cryptocurrency Facebook a few weeks ago unveiled its Libra digital coin and blockchain endeavor, a product meant to significantly reducing the remittance fees and waiting time when people exchange money on Facebook. The company created a spinoff to handle the Libra...
18:56 2019-07-12

Facebook’s Libra cryptocurrency faces privacy concerns and political backlash Facebook announced a new global cryptocurrency called Libra, part of an effort to expand into digital payments that immediately raised privacy concerns.Read More...
06:42 2019-06-19

UPDATE 1-ECB's Villeroy tells Facebook that Libra faces tough scrutiny European Central Bank board member Francois Villeroy de Galhau said on Tuesday that "stablecoins" like Facebook’s Libra highlight gaps in rules and the media giant's payments project faced a tough regulatory approach....
14:42 2019-09-17

UPDATE 4-Facebook's Libra currency abandoned by major financial companies Facebook Inc's ambitious efforts to establish a global digital currency called Libra suffered severe setbacks on Friday, as major payment companies including Mastercard and Visa Inc quit the group behind the project....
14:56 2019-10-12

Trump Blasts Facebook's Libra, Demands It Face Banking Regulations Donald Trump on Thursday criticised Bitcoin, Facebook's Libra digital coin, and other cryptocurrencies and demanded that companies seek a banking charter and make themselves subject to US and global......
10:56 2019-07-12

Payment firms back out in painful blow to Facebook’s cryptocurrency Libra Several large companies have announced their departure, including Visa and Mastercard, a week after PayPal exitedNearly every payment firm that initially agreed to join Facebook’s cryptocurrency Libra has backed out, in a potentially fatal blow to th...
04:28 2019-10-12

Facebook's Libra Currency Abandoned by eBay, Mastercard, Visa, Stripe Visa and Mastercard on Friday announced their departure from Facebook's Libra project, a major setback to the social network's plan for a worldwide digital currency....
12:28 2019-10-12

‘Trust’ was mentioned 69 times at Facebook’s Libra Senate hearing – nice In the 220-minute-long Senate hearing where Facebook’s head of Calibra, David Marcus, was grilled on the company’s “cryptocurrency” plans, the word trust was mentioned every two minutes on average, working out to 69 times in total. Not all of these i...
17:00 2019-07-18

Mastercard, Visa, EBay, Others Exit Facebook's Libra Coin Project Facebook Inc's efforts to establish a global digital currency called Libra suffered major setbacks on Friday, as EBay Inc, Stripe Inc, Mastercard and Visa Inc all said they were leaving a group of......
06:28 2019-10-12

Mastercard, Visa, eBay Drop Out of Facebook's Libra Payments Network The biggest financial companies recruited by Facebook to launch a cryptocurrency-based payments network have backed out of the project, threatening to derail an ambitious initiative to remake global finance....
06:00 2019-10-12

World finance leaders raise ‘serious regulatory’ concerns over Facebook’s Libra The chairman's concluding summary from the G-7 meeting in Chantilly, France, says the officials agreed that so-called stablecoins - cryptocurrencies pegged to real currencies - will have to meet "the highest standards" of financial regulation....
13:42 2019-07-18

Rep. Maxine Waters asks Facebook to pause work on cryptocurrency Libra Democratic Rep. Maxine Waters on Tuesday requested that Facebook pause its development of Libra, an upcoming cryptocurrency that the company plans to release in 2020....
00:14 2019-06-19

Halt Libra Project Until Concerns Addressed: Federal Chief To Facebook US Federal Reserve Chairman Jerome Powell said on Wednesday that Facebook's plan to build a digital currency called Libra "cannot go forward" until serious concerns are addressed, comments that......
23:56 2019-07-10

Smaller cryptocurrencies feel pain as criticism of Facebook's Libra grows Bitcoin hasn't been the only casualty of the backlash by the world's major economic powers against Facebook's plans for a cryptocurrency, with smaller digital coins also feeling the burn....
01:14 2019-07-18

Facebook Libra Cryptocurrency Plan Details Still Awaited by Swiss Watchdog Facebook's Libra cryptocurrency project has not responded to an information request by Switzerland's data privacy watchdog, the authority said on Tuesday,...
10:14 2019-07-24

Fed chief calls for Facebook to halt Libra project until concerns addressed U.S. Federal Reserve Chairman Jerome Powell said on Wednesday that Facebook's plan to build a digital currency called Libra "cannot go forward" until serious concerns are addressed, comments that pressured the project and dented the price of the ori...
22:00 2019-07-10

Europe should ignore 'treacherous promises' of Facebook's Libra currency: ECB's Mersch Facebook's proposed Libra currency could undermine the European Central Bank's ability to set monetary policy and Europe should ignore its siren call of "treacherous promises" ECB board member Yves Mersch said on Monday....
10:56 2019-09-02

Facebook's cryptocoin Libra could become a worldwide currency, says CEO of fintech start-up Tally "It literally threatens the governments that issue currency, the banks that store it and the actual transmission network," Tally's Jason Brown says....
00:42 2019-06-19

Earn Thousands of Dollars for Finding Bugs in Facebook's Libra Cryptocurrency While we’re still waiting on a specific release date for Facebook’s upcoming cryptocurrency, Libra, the company is aiming for an early 2020 release. That gives you plenty of time to find bugs in the currency’s infrastructure—a project that could rewa...
08:00 2019-08-28

France, Germany blast Facebook's Libra, back public cryptocurrency France and Germany said on Friday that Facebook's Libra currency posed risks to the financial sector that could block its authorization in Europe, and backed the development of an alternative public cryptocurrency....
20:42 2019-09-13

Britain won't try to stop Facebook's new Libra digital coin, says UK finance minister Regulators, not lawmakers, should decide whether Facebook needs a banking license to launch Libra, says outgoing U.K. finance minster Philip Hammond....
17:14 2019-07-15

Libra cryptocurrency: dare you trust Facebook with your money? | John Naughton The social media giant’s foray into bitcoin territory – with some financial big hitters on board – should prompt suspicionWe’ve known for ages that somewhere in the bowels of Facebook people were beavering away designing a cryptocurrency. Various nam...
10:28 2019-06-23

Facebook's Libra cryptocurrency could raise regulatory issues: BoE deputy governor Plans by Facebook Inc to launch a new global cryptocurrency called Libra could raise regulatory issues, Bank of England Deputy Governor Sam Woods said on Thursday....
19:42 2019-06-20

Facebook co-founder says Libra could shift monetary clout to private companies - FT Facebook Inc's Libra cryptocurrency would hand over much of the control of monetary policy from central banks to private companies, the company's co-founder Chris Hughes said https://www.ft.com/content/aa97ad20-91a0-11e9-8ff4-699df1c62544 in an opini...
13:14 2019-06-21

3 things the leaked Zuckerberg tapes taught us about Facebook’s Libra ‘cryptocurrency’ Since it was announced earlier this year, Facebook‘s “cryptocurrency” Libra has been dragged over the coals many times. And now it seems staff at the Big F are also apprehensive about its launch. Internal interviews between Mark Zuckerberg and Facebo...
16:56 2019-10-01

The group overseeing Facebook's libra is applying for a payments license in Switzerland The Libra Association, the organization in charge of overseeing Facebook's proposed cryptocurrency, said Wednesday it will apply for a payments license in Switzerland....
15:56 2019-09-11

Libra exec promises Facebook’s plan isn’t to replace existing currencies The Libra Association really wants us to know that Facebook cryptocurrency is not being created to replace existing currencies. Manager Director Bertrand Perez, speaking at a blockchain conference hosted at the United Nation headquarters in Geneva to...
17:42 2019-09-27

Facebook vows Libra currency will wait for approval as U.S. airs worries Facebook Inc said on Monday it would not proceed with the launch of its Libra cryptocurrency until regulatory concerns are addressed, as the U.S. Treasury secretary took the unusual step on of saying he had serious concerns it could be used for illic...
23:28 2019-07-15

Global regulators to question Facebook's Libra amid EU concerns: paper Global regulators will question Facebook on Monday about its Libra cryptocurrency, amid concerns from European Union governments over the threat the digital currency poses to financial stability, the Financial Times reported on Sunday....
07:56 2019-09-15

UPDATE 1-U.S. Senate opens hearing into Facebook plans for Libra cryptocurrency U.S. lawmakers from both sides of the aisle were set to grill Facebook Inc on its cryptocurrency plans on Tuesday, as the project continues to draw intense scrutiny from financial regulators and politicians across the globe....
16:56 2019-07-16

EU antitrust regulators raise concerns about Facebook's Libra currency: sources EU antitrust regulators want to know whether Facebook's proposed Libra cryptocurrency and its use of consumer data pose possible anti-competitive constraints, people familiar with the matter said on Wednesday....
16:28 2019-08-21

Japan sets up working group on impact of Facebook's Libra ahead of G7 Japanese authorities have set up a working group to discuss the impact Facebook's proposed Libra digital coin could have on monetary policy and financial regulation, government sources said, ahead of a G7 finance leaders' gathering where the topic wi...
02:42 2019-07-13

UPDATE 2-Facebook faces more scrutiny from Congress over Libra cryptocurrency plan Facebook Inc faces more questioning by U.S. lawmakers on Wednesday over its planned cryptocurrency, after a bruising first bout when senators from both parties condemned the project, saying the company had not shown it could be trusted....
17:28 2019-07-17

France minister vows to block Facebook Libra cryptocurrency in Europe France's economy and finance minister warned Thursday that he plans to block Facebook's forthcoming cryptocurrency, the Libra, from being used in Europe....
16:28 2019-09-12

Facebook co-founder says Libra could shift monetary clout to private companies: FT Facebook Inc's Libra cryptocurrency would hand over much of the control of monetary policy from central banks to private companies, the company's co-founder Chris Hughes said in an opinion piece in the Financial Times on Friday....
13:00 2019-06-21

'Facebook is already too big and too powerful': Senate to dig into Libra, the tech giant's new crypto project (FB) The US Senate Banking Committee plans to hold a hearing on Facebook's newly-announced Libra cryptocurrency project on July 16th, Reuters reports. On Tuesday, Senator Sherrod Brown (D-OH), the ranking member of the committee, responded to the announc...
04:56 2019-06-20

Facebook's Libra Project Is Getting Hammered From All Sides, With Fed Chair Raising 'Serious Concerns' Facebook’s already-troubled Libra cryptocurrency project, which has already run into significant opposition among the U.S. House Committee on Financial Services and the Senate Banking Committee, is running headlong into further resistance from regula...
10:00 2019-07-11

Unruly social media no model for Facebook's Libra currency: BoE's Carney Facebook cannot expect its new Libra currency to benefit from the same unregulated free-for-all that helped the company achieve a dominant position in social media, Bank of England Governor Mark Carney said on Thursday....
19:42 2019-06-20

Facebook faces EU grilling over Libra ‘cryptocurrency’ after losing PayPal backing As Facebook deals with the loss of PayPal‘s backing for its ‘cryptocurrency‘ Libra, the tech giant must now get ready to answer EU regulators’ questions about the potential risks posed by the project. The European Commission has requested that Facebo...
16:56 2019-10-07

Facebook's Libra seeks payment system license from Swiss FINMA The Facebook-led Libra cryptocurrency project is seeking a payment system license under Swiss financial watchdog FINMA, it said on Wednesday, spelling out in more detail how it hopes to be regulated....
07:56 2019-09-11

Facebook's Libra project unravels further as US lawmakers urge Visa and Mastercard to quit Two Senate Democrats have reportedly urged Visa, Mastercard and Stripe to reconsider their involvement with Facebook's Libra cryptocurrency project. According to Bloomberg, Senator Sherrod Brown of Ohio and Senator Brian Schatz of Hawaii wrote to the...
14:28 2019-10-09

Members of Facebook's 'Crypto Mafia' Reportedly Getting Cold Feet About Libra Currency At least two of the 28 entities that have signed on for Facebook’s planned Libra currency are now getting nervous about the project, according to a new report from the Financial Times. And Facebook is just as worried about being the only company curr...
17:14 2019-08-23

UPDATE 2-EBay, Stripe join PayPal in exiting Facebook's cryptocurrency Libra Facebook's efforts to establish a global digital currency called Libra suffered several setbacks on Friday as EBay Inc, Stripe Inc, and Mastercard all announced they were leaving the Libra Association, a group of companies aiding Facebook's efforts ...
22:56 2019-10-11

Ohio Congresswoman says lack of financial literacy could be a problem for Facebook Libra users Rep. Joyce Beatty, D-Ohio, grilled Facebook's David Marcus, asking about the steps he will take to educate the 1.7 million unbanked people Libra plans to reach....
15:00 2019-07-19

Mnuchin says Facebook must satisfy regulatory concerns ahead of Libra launch: CNBC U.S. Treasury Secretary Steven Mnuchin said in a television interview that Facebook must satisfy regulatory concerns before it launches Libra, its planned cryptocurrency....
14:56 2019-07-24

Trump blasts Bitcoin, Facebook's Libra, demands they face banking regulations U.S. President Donald Trump on Thursday criticized Bitcoin, Facebook's proposed Libra digital coin and other cryptocurrencies and demanded that companies seek a banking charter and make themselves subject to U.S. and global regulations if they wanted...
05:14 2019-07-12

‘Crypto Twitter’ anxiously awaits white paper for Facebook’s Libra cryptocurrency Tomorrow, Facebook is expected to release full details of its new “cryptocurrency” project Libra — as always, Twitter has lots to say. Few concrete facts about Facebook‘s Libra (formally known as GlobalCoin) have been made public so far. Reports indi...
19:56 2019-06-17

France creates G7 cryptocurrency task force as Facebook's Libra unsettles governments France is creating a G7 task force to study how central banks ensure cryptocurrencies like Facebook's Libra are governed by regulations ranging from money-laundering laws to consumer-protection rules, France's central bank governor said on Friday....
22:28 2019-06-21

Global money-laundering watchdog closely monitoring Facebook's Libra, official says The global anti-money laundering watchdog is closely monitoring developments on Facebook's planned Libra cryptocurrency, its new head told Reuters on Tuesday, in the latest sign of growing regulatory scrutiny of the project....
23:14 2019-09-10

The tech industry is starting to doubt Facebook will be able to launch its Libra currency by 2020 "I think two years from now we're going to be like do you remember that Facebook thing? Libra?" said Bismarck Lepe, CEO of Wizeline, a San Francisco product development company....
20:14 2019-07-10

Facebook crypto chief defends Libra project amid claims the company has too much power The need to reiterate these points after only two weeks suggests Facebook will have an uphill battle getting people to trust the company with their finances....
20:14 2019-07-03

Libra's Ship Is Sinking as Multiple Major Partners Abandon Facebook's Troubled Cryptocurrency Following the departure of PayPal from Facebook’s Libra project—a cryptocurrency that promises to “reinvent money” and “transform the global economy”—a new wave of departures has rocked the platform as eBay, Stripe, Visa, and Mastercard have all anno...
08:28 2019-10-12

Facebook is joining the crypto game. It's launching a Bitcoin-like currency called Libra Facebook unveiled a plan to create a new digital currency similar to Bitcoin, one that could drive more e-commerce and boost ads on its platforms.       ...
16:14 2019-06-18

Bitcoin takes a tumble as US lawmakers grill Facebook on plans to introduce its own Libra cryptocurrency Reuters The cryptocurrency market took a beating on Tuesday with bitcoin losing over 10% in value. The devaluation comes after US lawmakers grilled Facebook on its plans to introduce its own cryptocurrency Libra in 2020. David Marcus, the company'...
13:42 2019-07-17

Facebook’s Libra cryptocurrency lead fires back at Wall Street Journal report David Marcus, the man in charge of getting Facebook‘s controversial ‘cryptocurrency‘ Libra off the ground, has fired back at a Wall Street Journal (WSJ) report that claimed MasterCard, one of the project‘s backers, was thinking about potentially pull...
23:14 2019-10-02

France to create a joint G7 cryptocurrency task force amid Facebook’s Libra woes France is putting together a Group of Seven Nations (G7) task force to explore how central banks can make sure cryptocurrencies adhere to money-laundering and consumer protection rules. That’s according to the country’s central bank governor who anno...
20:00 2019-06-21

UPDATE 3-Trump blasts Bitcoin, Facebook's Libra, demands they face banking regulations U.S. President Donald Trump on Thursday criticized Bitcoin, Facebook's proposed Libra digital coin and other cryptocurrencies and demanded that companies seek a banking charter and make themselves subject to U.S. and global regulations if they wanted...
08:14 2019-07-12

A Michigan congressperson said Facebook's Libra cryptocurrency reminded him of a 'platypus' but then decided it was more like a traveler's check (FB) Bill Clark/Getty Images David Marcus, head of Facebook's cryptocurrency efforts, testified at a House of Representatives Committee on Financial Services hearing about Libra, the social network's forthcoming cryptocurrency. Rep. Bill Huizenga used hi...
01:14 2019-07-18

Facebook says cryptocurrency Libra won't happen without 'full government approval' amid broad resistance Amid growing bipartisan resistance to its proposed digital coin, Facebook will tell lawmakers that it won't move forward with its Libra cryptocurrency without full government approval and regulatory oversight....
01:14 2019-07-17

UPDATE 1-France creates G7 cryptocurrency task force as Facebook's Libra unsettles governments France is creating a G7 task force to study how central banks ensure cryptocurrencies like Facebook's Libra are governed by regulations ranging from money-laundering laws to consumer-protection rules, France's central bank governor said on Friday....
13:14 2019-06-21

David Marcus, head of Facebook Libra cryptocurrency, grilled by skeptical Senate lawmakers Senate lawmakers said Tuesday they don't trust a plan by Facebook to devise and roll out an entirely new digital cryptocurrency system, the Libra, next year....
00:28 2019-07-17

Germany's central bank warns of possible recession The Bundesbank has warned that a slump in the German economy could have continued over the summer. It cited the US-China trade war as one factor weighing on German exports....
23:56 2019-08-19

Facebook’s Mark Zuckerberg seeks to reassure wary lawmakers about Libra, elections in rare D.C. trip Facebook chief executive Mark Zuckerberg pledged in a private meeting with lawmakers that the company would not launch its controversial digital currency, called Libra, anywhere in the world until it receives approval from regulators in the United St...
08:56 2019-09-20

Tech news roundup: HPE Discover 2019, Facebook's Libra cryptocurrency, and Google Cloud's debacle This week's TechRepublic and ZDNet news stories include a look at the companies that hire the most data scientists, four significant impacts of a security breach, and a first-hand account of a major hack job....
19:00 2019-06-19

When You Sell Your Stuff for Cash, Meet at the Bank Police stations are a popular spot for exchanging used goods for cash in our Craigslist/Offerup/Letgo/eBay/Nextdoor-filled lives. In fact, many police stations have launched “safe zones” specifically for your cash-based transactions with local strang...
19:56 2019-07-04

Deutsche Bank Warns Clients They Could Be Cut Off in Compliance Effort Deutsche Bank has given around 1,000 investment-banking clients a month or less to hand over company-ownership information and other documentation in the bank’s protracted effort to close compliance gaps....
09:28 2019-06-12

Deutsche Bank CEO warns of serious side effects to ECB rate cut Deutsche Bank Chief Executive Officer Christian Sewing warned on Wednesday that a further reduction in interest rates by the European Central Bank would have a marginal effect on the economy and would risk serious side effects....
10:14 2019-09-04

HSBC CEO quits as bank warns of looming clouds HSBC CEO John Flint has left the bank just 18 months into the job. HSBC makes 80% of its profits in Asia and the new boss will face growing tensions between the US and China and protests in Hong Kong, its biggest market....
21:28 2019-08-05

Germany likely to head into recession, central bank warns Bundesbank says summer’s slump in exports is expected to continue into the autumnGermany’s economy is heading into recession after the country’s central bank warned that a slump in exports during the summer was likely to continue into the autumn.The ...
21:56 2019-08-19

Moonday Mornings: eBay, Mastercard, Visa, Stripe, and Mercado Pago leave Facebook’s Libra Association Good morning forkers, it’s that time of the week again. It’s Hard Fork’s wrap-up of the weekend’s cryptocurrency and blockchain headlines you shouldn’t miss. Let’s get to it. 1. Facebook‘s “cryptocurrency” Libra is facing yet more challenges as Maste...
12:00 2019-10-14

Major partners drop out, Warren fires back: Facebook's Libra faces a tough road ahead The alternative currency plan proposed by Facebook could still launch, but the road to get there has just gotten way harder, according to analysts.       ...
22:56 2019-10-13

Bank of England expects zero growth in UK economy The Bank of England says it now expects zero growth in the UK economy in the second quarter of the year as no-deal Brexit fears and the US-China trade war weigh on demand....
03:14 2019-06-21

The Bank of England’s recipe for managed decline The central bank’s new ideas for how to modernize Britain’s financial system could eat into banks’ revenues, while helping them cut costs. For the wider economy, Brexit will still smother the intended fillip to small-business exporters....
19:28 2019-06-27

Bank of England: No-deal Brexit not as bad as we thought The negative impact of a no-deal Brexit will not be as severe as originally thought because of improved planning by the government, businesses and the financial sector, the Bank of England has said....
00:42 2019-09-05

Bank of England: No-deal Brexit not as bad as we predicted The negative impact of a no-deal Brexit will not be as severe as originally predicted because of improved planning by the government, businesses and the financial sector, the Bank of England has said....
19:00 2019-09-04

The Latest: European Central Bank warns of global headwinds VILNIUS, Lithuania (AP) — The Latest on the European Central Bank’s monetary policy meeting (all times local): 3:45 p.m. European Central Bank President Mario Draghi says that “global headwinds continue to weigh” on the outlook for ...
14:56 2019-06-06

UPDATE 1-Deutsche Bank CEO warns of serious side effects to ECB rate cut Deutsche Bank's Chief Executive Officer Christian Sewing warned on Wednesday that a further reduction in interest rates by the European Central Bank would have a minimal effect on the economy but risks serious side effects....
11:28 2019-09-04

Liam Plunkett Warns Australia: England Are A 'Different Animal' Now Liam Plunkett warns Australia that England are a "different sort of animal" from their predecessors as they prepare for their blockbuster World Cup semi-final....
17:42 2019-07-09

Under-21 Euros are ‘knockout from day one’ Boothroyd warns England players • Head coach says format leaves no room for error• ‘You don’t have the luxury of a game to assess things’Aidy Boothroyd has said England’s hopes of winning the European Under-21 Championship will be on the line from the moment their tournament starts...
22:14 2019-06-17

Bank of England set to keep rates on hold over Brexit unease The Bank of England is expected to keep interest rates on hold Thursday but indicate a possible increase later this year despite uncertainty over Brexit....
00:14 2019-06-21

The Bank of England will honor Alan Turing on its new £50 note The Bank of England has chosen Alan Turing, computing pioneer and a code-cracker during World War Two, to be featured on its new £50 note. Turing contributed significantly to the field of mathematics, but his achievements were not fully recogni...
22:42 2019-07-15

Bank of England Sees ‘Volatility’ as Brexit Nears Britain’s central bank said economic growth has probably flattened, weighed by global concerns and uncertainty over the coming departure from the European Union....
14:28 2019-08-01

UPDATE 1-Businesswoman Gadhia withdraws from Bank of England job Britain's finance ministry said on Tuesday that Jayne-Anne Gadhia, recently appointed as an executive at U.S. online services provider Salesforce, will no longer take up her appointment on a top Bank of England panel....
11:28 2019-08-06

HIGHLIGHTS-Bank of England's Carney speaks on Brexit, IMF job Bank of England Governor Mark Carney and other top officials from the central bank spoke to reporters on Thursday after the BoE published its Financial Stability Report which looks at risks to the economy from the financial sector....
13:42 2019-07-11

Meet England’s heavyweight champion Natty Ngwenya Natty Ngwenya tells John Dennen why fourth time's the charm The post Meet England’s heavyweight champion Natty Ngwenya appeared first on Boxing News....
22:42 2019-06-20

Deutsche Bank board to meet July 7 to decide on job cuts: sources Deutsche Bank's supervisory board will meet on July 7 to discuss a major restructuring that may result in as many as 20,000 job cuts, three people with knowledge of the matter said....
17:14 2019-06-29

Deutsche Bank investors meet amid questions on strategy, leadership Investors in Deutsche Bank are gathering on Thursday for an annual meeting that is expected to be dominated by questions over the bank's strategy and leadership just days after shares hit a record low....
10:28 2019-05-23

No-deal Brexit could leave pound at record low - Bank of England A no-deal Brexit will leave Britain worse off, triggering falls in economic output, a rise in inflation and a drop in the pound that could leave sterling at record lows against other currencies, the Bank of England has warned....
15:28 2019-08-01

Bank of England cuts forecast in 1st warning of no-deal EU exit The threat of Britain leaving the European Union this fall without a detailed agreement with the 28-member bloc led the Bank of England Thursday to cut its growth forecast for the next two years....
19:56 2019-08-01

Extinction Rebellion activists stage protest at Bank of England ‘Day of disruption’ in City of London targets financial firms profiting from climate crisisExtinction Rebellion activists have blocked a major junction in London’s financial district, as the movement switched its focus towards companies funding and p...
09:14 2019-10-14

Bank of England hints at interest rate cut even without no-deal Brexit MPC’s Michael Saunders says businesses think uncertainty will last well into 2020The Bank of England may have to cut interest rates even if a no-deal Brexit is avoided on 31 October, according to a member of the rate-setting monetary policy committee...
00:28 2019-09-28

Hong Kong protests spread to subway as bank warns of economic fallout A major bank warned on Wednesday that weeks of protests in Hong Kong could hit the economies of the Chinese-ruled city and mainland China itself as demonstrators prepared a sit-in at a subway and site of a mid-summer mob attack....
10:42 2019-08-21

Patel warns Facebook about end-to-end encryption New Home Secretary Priti Patel has reignited a debate about privacy and the government's ability to surveil communications as she criticised Facebook's plans to use end-to-end encryption....
23:14 2019-07-31

England face major challenge from battle-hardened U.S., warns Jones England coach Eddie Jones expects the United States to play with huge self-belief and confidence when the teams clash in the Rugby World Cup on Thursday....
21:28 2019-09-24

FA head of security warns of trouble before England’s October trip to Prague • Tony Conniford concerned over presence of far-right groups• ‘Deeply embarrassed’ by scenes in Porto during Nations LeagueThe Football Association’s head of security has warned of more trouble when England travel to Prague to play the Czech Republic...
22:56 2019-06-08

Bank of England leaves interest rates alone amid Brexit volatility The Bank of England on Thursday voted to hold interest rates steady, and warned that prolonged instability over Britain's planned departure from the European Union will significantly harm the domestic economy....
20:14 2019-09-19

Chance of No-Deal Brexit Hampers Bank of England’s Powers of Prediction Britain’s central bank said economic growth had probably flattened, weighed down by global concerns and uncertainty over the coming departure from the European Union....
06:28 2019-08-04

Bank of England's Carney dismisses Johnson claim on no-deal Brexit Bank of England Governor Mark Carney has dismissed a claim by Boris Johnson, the front-runner in the race to become prime minister, that Britain can avoid the hit of European Union trade tariffs in the event of a no-deal Brexit....
08:56 2019-06-21

South Korea's central bank warns of economic impact from Japan's export curbs South Korea's central bank warned on Thursday that export curbs on some Japanese goods imposed by Tokyo could have a bigger impact on the domestic economy than the customary tariff increases....
07:56 2019-08-22

Palestinian children’s education deeply impacted by ‘interference’ around West Bank schools, UN warns Alarmed by a high number of reported incidents of interference in or near Palestinian schools in the West Bank since the beginning of the school year in September, the UN called on Wednesday for them to be better-protected from the effects of Israeli...
14:42 2019-05-21

Gary Kirsten to meet with ECB to discuss England head coach position • South African, 51, has emerged as leading candidate • Kirsten led South Africa and India to No 1 in Test rankingsGary Kirsten will meet with the England and Wales Cricket Board on Wednesday to outline his vision for the men’s national team and its ...
22:56 2019-10-01

Facebook Announces Libra, Digital Currency On the Blockchain That Doesn't Actually Need to Be On the Blockchain Facebook and 27 other partner companies formally announced this morning they plan to launch a digital currency called Libra in the first half of 2020. And if they pull it off, Libra could become the standard digital currency around the world.Read mor...
14:28 2019-06-18

Facebook had to invent a totally new programming language, Move, for its Libra cryptocurrency project because no other language was up to the task (FB) Reuters Last week, Facebook announced a brand new cryptocurrency of its own called Libra — an initiative that has already drawn the attention of Silicon Valley, government officials, and even astrologists. Less noticed was the fact that Facebo...
00:28 2019-07-02

France Vows to Block Facebook's Libra Currency in Europe, Suggests 'Public Digital Currency' Instead The French government is vowing to block Facebook’s Libra cryptocurrency from being introduced in Europe, according to French Finance Minister Bruno Le Maire, who denounced the planned digital currency at a meeting of the Organization for Economic Co...
17:56 2019-09-12

Bank of England says worst-case Brexit scenario now 'less severe' - business live Rolling coverage of the latest economic and financial news, as latest economic healthcheck suggests UK economy is shrinkingBreaking: UK falling into recession, survey showsComposite UK PMI slumps to 49.7, suggesting economy shrinkingServices stalling...
15:56 2019-09-04

Bank of England: No-deal Brexit could cause 'significant' market turmoil - business live Financial Stability Report says UK banks can ride out a no-deal Brexit, but there could be serious volatility in the marketsSummary: Bank’s no-deal Brexit worriesLatest: Mark Carney holds press conference nowBREAKING: BoE financial stability report r...
16:14 2019-07-11

Facebook CEO Zuckerberg to meet with U.S. senators this week Facebook Chief Executive Mark Zuckerberg is on Capitol Hill this week to meet with senators as the social media giant faces scrutiny from both the Federal Trade Commission and members of Congress, the company confirmed on Wednesday....
01:42 2019-09-19

Facebook warns of costly privacy changes, discloses another U.S. probe Facebook Inc said on Wednesday that new data privacy rules and forthcoming privacy-focused product changes would slow its revenue growth and significantly raise expenses, driving down its shares in after-hours trade even as quarterly revenue topped ...
00:56 2019-07-25

FBI director warns Facebook could become platform of ‘child pornographers’ WASHINGTON – FBI Director Christopher Wray said Friday that Facebook’s proposal to encrypt its popular messaging program would turn the platform into a “dream come true for predators and child pornographers.” Wray, who was one of several top Ju...
01:14 2019-10-05

FBI director warns Facebook could become platform of 'child pornographers' FBI Director Christopher Wray said Friday that Facebook Inc's proposal to encrypt its popular messaging program would turn the platform into a "dream come true for predators and child pornographers."...
21:42 2019-10-04

Police look to Facebook, bank records in quadruple slaying Police are turning to Facebook and bank records to try to identify a motive for why four people were killed at a North Dakota business two months ago....
19:56 2019-06-10

Rugby World Cup 2019: Ben Youngs warns England will take no notice of problems in French camp Typhoon Hagibis is not the only storm brewing in Japan: the French squad are reportedly descending into their traditional tournament turmoil just in time for Saturday's clash with England....
00:56 2019-10-09

Britain's investment funds face scrutiny as Bank of England's Carney blasts liquidity 'lie' The U.K. fund industry is facing calls for new regulation with Bank of England Governor Mark Carney telling lawmakers that some investment funds are "built on a lie."...
19:14 2019-06-27

Meet the millennials pretending to be baby boomers on Facebook Online, you can be anyone. So why are millennials choosing to roleplay as baby boomers?You know it when you see it: a couple of extra commas following a thought, a private message or search entry accidentally made public, a comment on a friend’s new ...
08:42 2019-07-09

UPDATE 2-Facebook CEO Zuckerberg to meet with U.S. senators this week Facebook Chief Executive Mark Zuckerberg is on Capitol Hill this week to meet with senators as the social media giant faces scrutiny from both the Federal Trade Commission and members of Congress, the company confirmed on Wednesday....
01:42 2019-09-19

David Beckham and Daughter Harper Meet and Cheer on Team England at Women's World Cup David Beckham is dad goals. The retired pro soccer champion is naturally rooting for England's Lionesses to win the 2019 FIFA Women's World Cup and he and 7-year-old daughter......
02:56 2019-06-28

Microsoft President Chides Facebook, Warns of Weaponisation of Tech Microsoft built its fortune making the tools of technology that billions use every day. But the company's president, Brad Smith, has increasing misgivings about how thieves, terrorists and scoundrels......
12:42 2019-09-09

UPDATE 3-FBI director warns Facebook could become platform of 'child pornographers' FBI Director Christopher Wray said on Friday that Facebook Inc's proposal to encrypt its popular messaging program would turn the platform into a "dream come true for predators and child pornographers."...
05:14 2019-10-05

State attorneys general meet in Washington to discuss Facebook U.S. state attorneys general investigating Facebook Inc met on Monday with officials of the Justice Department and the Federal Trade Commission, both of which are probing the social media giant....
02:00 2019-10-08

Facebook, Google, Twitter meet with FBI, DHS for 2020 election strategy Some of the world's largest technology firms have met with federal security officials to discuss the potential for intrusion and misinformation between now and the next United States presidential election in 14 months....
00:14 2019-09-06

Facebook warns flaw in Messenger Kids app let children chat with strangers A "technical error" in the app meant it was possible for a child to enter a group chat with friends-of-friends who hadn't been approved by their parents....
21:14 2019-07-23

Senator Wyden Warns Facebook's Targeted Ads a 'Sophisticated' Threat to U.S. Elections The U.S. Senate’s top privacy hawk is once again calling on Facebook to voluntarily suspend the use of micro-targeting to push political and issue-based advertisements, warning that foreign governments could take advantage of the tool to influence Am...
02:56 2019-10-09

‘I’ll never be a cute object’... Dragon Tattoo star Noomi Rapace on bank heists, sexism and loving England As her latest film, The Captor, is released, the star of the Millennium trilogy tells why she’s determined to portray women taking control of their livesNoomi Rapace found fame across the world playing the fearless Lisbeth Salander in The Girl with t...
15:00 2019-06-22

Facebook CEO Mark Zuckerberg pays rare D.C. visit to meet with lawmakers Facebook chief executive Mark Zuckerberg is paying a rare visit to Washington this week, meeting with members of Congress to discuss the "future of Internet regulation."...
07:14 2019-09-19

Facebook, tech firms meet with U.S. intelligence on 2020 election security U.S. technology companies including Facebook Inc , Alphabet's Google , Microsoft Corp and Twitter Inc met with U.S. intelligence agencies on Wednesday to discuss security strategies ahead of the November 2020 election....
03:28 2019-09-05

Manchester United to meet Facebook over Paul Pogba racist abuse • Kick It Out call for decisive action from Twitter against trolls• Players were attacked online after missing penaltiesManchester United are to meet representatives of Facebook following the online racial abuse of Paul Pogba and Marcus Rashford. The...
23:56 2019-08-25

Facebook, Google meet intelligence agencies to talk 2020 election security Both intelligence agencies and tech companies are gearing up to secure the 2020 US election, and that apparently includes some heart-to-heart conversations between the two. Bloomberg sources have learned that Facebook, Google, Microsoft and Twitter a...
05:00 2019-09-05

Meet Morgan Beller, the 26-year-old woman behind Facebook's plan to make its own currency Facebook VP David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development employee....
20:14 2019-07-20

Bercow warns PM that refusing to ask for Brexit delay would be like 'robbing a bank' John Bercow has warned Boris Johnson against breaking the law by refusing to ask for an Article 50 extension, saying it would be like 'robbing a bank'....
04:00 2019-09-13

Bank of England warned it is 'being brought into disrepute over slow replacement of Mark Carney' The Bank of England's independence and credibility is being brought "into disrepute" by not swiftly appointing a successor to Governor Mark Carney, a former member of the monetary policy committee warned today....
18:00 2019-09-18

England scrum-half Ben Youngs warns: 'Now you see why Manu Tuilagi's a worldbeater' Ben Youngs expressed his delight for his Leicester and England team-mate Manu Tuilagi after the "devastating" centre's brace of tries saw off Tonga yesterday....
15:28 2019-09-23

England's Jofra Archer warns Australia after 'world-class' six-wicket Ashes haul Jofra Archer believes he can get even better after a dream six-wicket haul at Headingley saw England bowl Australia out for 179 on a rain-affected first day of the third Ashes Test....
02:28 2019-08-23

Democrats and GOP might negotiate over a less strict version of net neutrality Last month, the Democrat-controlled House of Representatives approved the Save the Internet Act by a vote of 232-190. The bill would return net neutrality to the books; the Obama-era rules made sure that all streaming content was treated the same by ...
09:56 2019-05-26

The US wants to copy Europe's strict data privacy law – but only some of it Lawmakers, lobbyists and CEOs in the U.S. are looking to trying to pick out the best parts of the EU's privacy law called GDPR – and ditch what they see as the worst....
10:56 2019-05-23

Meet the college student behind the 'Storm Area 51' Facebook events Matty Roberts says the Facebook event started as a joke, but now with more than 2 million RSVPs, it's become an extraterrestrial-themed music fest.        ...
23:00 2019-09-09

X-Men stars to boycott US states with strict abortion laws Oscar-nominated actress Jessica Chastain and Game Of Thrones star Sophie Turner have vowed to boycott working in US states with strict abortion laws....
07:56 2019-05-29

Airbnb is the latest company to set a strict dating policy If you work at Airbnb and want to date a co-worker, you get just one shot to ask them out. “You can only ask another employee on a date once and it can’t be someone in your chain of management, so not your boss or someone on your team,” an Airbnb emp...
00:00 2019-07-02

Malaysia pushes for strict law to police vapes, e-cigarettes Malaysia is planning to introduce strict regulations on the sale and use of electronic cigarettes and vaporisers, health officials said on Tuesday, as countries around the world move to ban devices that have been linked to deaths and youth addiction....
09:42 2019-10-01

Italy's Salvini threatens to use strict new law on German NGO boat Italian Interior Minister Matteo Salvini threatened on Wednesday to use tough, new measures for the first time on a German charity ship, Sea Watch, after it picked up migrants off the coast of Libya without authorization....
23:00 2019-06-12

'A sort of eco-dictatorship': Shanghai grapples with strict new recycling laws Steep fines and social credit penalties face people violating complex waste sorting rules – but some say the answer is all about pigsFor the last two weeks, Shanghai residents have grappled with a singular question: “What kind of trash are you?”The q...
04:28 2019-07-12

Some signs of normality return to Kashmir, but India's clampdown still strict For the first time in six days, India eased travel restrictions in some parts of Srinagar on Saturday, and people flooded the streets of Kashmir's summer capital to buy provisions ahead of the Muslim festival of Eid-al-Adha on Monday....
21:00 2019-08-10

Guns Across Borders: California Has Strict Laws, but Nevada Doesn’t The shooting in Gilroy illustrated a familiar problem for states that toughen their gun laws, only to see them neutralized by neighboring states with more lax rules....
17:42 2019-07-31

Japan says approved export to South Korea after strict examination Japan has granted approval for exports of some high-tech material to South Korea for the first time since tighter export curbs were imposed last month, the government's chief spokesman said on Thursday....
06:56 2019-08-08

Worried Over Social Media Misuse, Top Court Calls For Strict Guidelines Supreme Court expresses concern over origin and spread of fake messages on social media platforms like WhatsApp and Facebook and gives the centre three weeks to make recommendations that protect the......
14:42 2019-09-24

‘Scared’ students are rejecting colleges in states with strict abortion laws One Upper East Side family is sending Washington University a big, fat rejection letter. On Friday, the governor of Missouri, where the well-respected school is located, signed a bill outlawing abortion after eight weeks. The legislation was a deal-b...
01:00 2019-05-26

NYC pools are hell on Earth with long lines and strict dress codes New Yorkers are going off the deep end in their search for a good pool. The oppressive heat of these late summer days has them paying thousands of dollars, waiting on long lines and arriving at ungodly hours of the morning for access to a cool body o...
03:14 2019-08-08

Beyoncé Reveals Her Exact Weight Prior to Strict Coachella Diet Beyoncé is sharing her health and fitness journey with the world. The superstar singer took to YouTube on Wednesday to post a new video, entitled "22 Days Nutrition." In the......
01:28 2019-07-25

Germany to make Down syndrome blood test free under 'strict' conditions Prenatal blood tests to diagnose Down syndrome will soon be covered by public health insurance in Germany. The issue has sparked an ethical debate, with some critics saying the change could lead to more abortions....
16:42 2019-09-19

Trump administration sideswipes California efforts to set strict auto emission standard President Trump decided to revoke a waiver used by California to establish auto emission standards that are more stringent than the federal standard.       ...
19:42 2019-09-18

Allison Mack reportedly kept Catherine Oxenberg's daughter on strict 500 cal diet in sex cult The daughter of “Dynasty” actress Catherine Oxenberg spent a year on a 500-calorie-a-day diet while in Nxivm’s secret sex cult, a former slave testified Friday....
16:56 2019-06-08

Texas legislators pass new law to enforce strict punishment for students who harass teachers LAREDO, TX (KGNS) – A new law that will go into effect next month will set new disciplinary standards for students who harass teachers. As a result of this new law, school officials will be making some new changes to its policy. A Laredo educa...
01:28 2019-08-03

Louisiana passes strict anti-abortion bill, Dem governor expected to sign Louisiana state lawmakers on Wednesday passed an anti-abortion bill that would make the procedure illegal after six weeks of pregnancy — and have no exception for rape or incest — and the state’s Democratic governor has said he’s prepared to sign it ...
02:28 2019-05-30

Glenn Close vows to not make films in US states with strict abortion laws Actress Glenn Close has vowed to avoid make any films in US states which impose strict anti-abortion laws as she joined the fight against Alabama's near-total ban....
06:42 2019-05-24

Warren's latest anti-corruption plan would put strict new limits on lobbyist power Sen. Elizabeth Warren released a sweeping new set of anti-corruption proposals Monday ahead of a rally in New York City, where she will speak a short walk from the site of the Triangle Shirtwaist Factory fire, an infamous 1911 disaster that led to th...
15:28 2019-09-16

The Strict Protocol The Lion King Cast Followed When Meeting Prince Harry and Meghan Markle OK, now let's get in formation 'cause it's time to meet Prince Harry and Meghan Markle. Ahead of the U.K. premiere of The Lion King last weekend, the cast⁠--which......
15:56 2019-07-19

Biden's gun control plan would impose strict regulations on owners of assault-style rifles Joe Biden is proposing to force owners of assault-style rifles to either sell their firearms through a voluntary buyback program or register them with the federal government under the same law that was first used to strictly control sales of machine ...
21:42 2019-10-02

Strict alcohol laws which cut intake more than 40 per cent in Russia, linked to historically high life expectancy Strict laws put in place by the Russian authorities since 2003 have resulted in a significant drop in alcohol-related deaths nationwide, a report from the World Health Organization (WHO) revealed on Tuesday....
17:14 2019-10-01

Deutsche Bank to quit equities, shrink investment bank in 7.4 bln euro overhaul Deutsche Bank said on Sunday it plans exit its global equities business and scale back its investment bank in a sweeping, 7.4 billion euro overhaul designed to turn around the struggling German flagship lender....
18:28 2019-07-07

Deutsche Bank plans radical overhaul with €50bn hived off to 'bad bank' – reports The struggling German lender will move poorly performing assets and drastically shrink its investment banking arm, the FT saysDeutsche Bank has drawn up plans for a radical restructuring which will involve the creation of a “bad bank” to hold tens of...
08:00 2019-06-17

No Erosion In Asset Quality Post United Bank, Oriental Bank Merger: PNB Under the consolidation, the three banks will be merged into one entity to make the second-largest PSB with a business of Rs 17.95 lakh crore and 11,437 branches....
08:14 2019-09-23

Jeffrey Epstein’s fortune has passed from Deutsche Bank to Toronto-Dominion Bank When Deutsche Bank severed ties with pedophile financier Jeffrey Epstein earlier this year, the Canadian lender “TD” stepped in to take his money, Bloomberg reported. The Toronto-Dominion Bank accepted Epstein’s money as Deutsche Ba...
23:00 2019-09-22

Deutsche Bank Has Proposed Replacing Americas CEO With Investment-Bank Finance Chief Deutsche Bank executives have sought to promote the finance chief of the investment bank to replace the current Americas CEO, an important role responsible oversight of the bank’s sprawling North American operations....
17:28 2019-06-19

German authorities seek information from Deutsche Bank in relation to Danske Bank German authorities have been seeking information at Deutsche Bank's Frankfurt headquarters in relation to Danske Bank, Frankfurt prosecutors said on Wednesday....
01:14 2019-09-26

Exclusive: Deutsche Bank has discussed adding assets to bad bank if sales go well - sources Some senior Deutsche Bank AG officials have discussed the possibility of putting additional problematic assets worth billions of euros into a unit it created earlier this year, if the bank is able to sell assets already held within that "bad bank," ...
12:00 2019-09-19

Russia's Vostochny Bank capital fell below key threshold last month- c.bank Russia's central bank warned on Friday that Vostochny Bank's capital adequacy ratio briefly dipped below a critical level last month, a sign of balance sheet problems at the lender amid a battle for control between shareholders....
17:56 2019-07-12

Bank of America's push to turn around investment bank is bearing fruit Bank of America Corp said on Monday its deal-making unit is gaining momentum with midsized companies as it focuses on the sector to regain market share....
06:42 2019-09-10

Deutsche Bank CEO readies investment bank cuts as stock hits low Deutsche Bank's chief executive is prepared to make "tough cutbacks" in its investment banking business, whose future is in doubt after several failed restructurings, in order to be profitable and competitive....
12:42 2019-05-23

CITIC Bank Private Bank: Success = Technology + Human Touch CITIC Private Bank is leading Chinese private wealth managers in the adaptation of technology, but it is not forgetting the most important element of customer service and the notion that each App Must Have the Warmth of the Human Touch!...
15:28 2019-05-21

Deutsche Bank CEO to invest 25% of fixed salary in bank's shares - source Deutsche Bank Chief Executive Officer Christian Sewing is planning to invest a quarter of his fixed salary in the bank's shares, a person with knowledge of the matter said on Tuesday....
14:00 2019-07-09

WRAPUP 2-Loan growth drives profit beat at Royal Bank of Canada, TD Bank Two of Canada's largest lenders beat analysts' estimates for quarterly profits on Thursday, as strong loan growth boosted their retail banking businesses and interest income....
20:56 2019-05-23

Deutsche Bank to quit equities, shrink investment bank in 7.4 billion euro overhaul Deutsche Bank said on Sunday it plans exit its global equities business and scale back its investment bank in a sweeping, 7.4 billion euro overhaul designed to turn around the struggling German flagship lender....
16:56 2019-07-07

Trump says California can’t set fuel standards President Donald Trump arrives at Moffett Federal Airfield to attend a fundraiser, Tuesday, Sept. 17, 2019, in Mountain View, Calif. (AP Photo/Evan Vucci) WASHINGTON (AP) — The Latest on President Donald Trump and California’s fuel emissions st...
18:56 2019-09-18

The Shifting Standards of Mitch McConnell Despite his blockade of an Obama Supreme Court nominee in a presidential election year, the Senate majority leader is now definitive that he would push a Trump nominee in 2020....
23:42 2019-05-29

The standards for tennis villainy just aren’t what they used to be A tennis antihero was in the house for Friday’s opening U.S. Open men’s semifinal, but his name was James Scott Connors — Jimmy or Jimbo to you — and not Daniil Medvedev, who played the role of the bad boy in the early rounds of this year’s tournamen...
11:14 2019-09-07

Chinese central bank steps up liquidity support for smaller lenders after Baoshang Bank takeover The People's Bank of China signaled its readiness to supply smaller banks with a steady stream of cash after the takeover of a troubled lender, letting more banks the funds and boosting liquidity to the system....
10:28 2019-06-06

Deutsche Bank is kicking off a brutal cull of 18,000 jobs as part of a $8.3 billion overhaul. Here's what we know about what's going on at the German bank. Reuters/Kai Pfaffenbach Deutsche Bank CEO Christian Sewing revealed a sweeping overhaul of Germany's biggest bank after a supervisory board meeting on Sunday. The restructuring plan will see the bank shift from servicing asset managers and hedge fun...
18:42 2019-07-08

Suspected bank robber found dead inside Southern California bank after firing at officers A suspected bank robber was found dead from an apparent self-inflicted gunshot wound inside a Chase Bank in Colton, Calif., east of Los Angeles after a SWAT team entered Tuesday evening....
14:28 2019-10-02

Deutsche Bank to reportedly set up 50 billion euro bad bank; shares pop over 3% Deutsche Bank is planning to overhaul its trading operations by creating a "bad bank" to hold tens of billions of euros of assets, the Financial Times reported on Sunday....
10:56 2019-06-17

Exit of Deutsche Bank's investment bank chief marks end of era The head of Deutsche Bank's investment bank agreed to step down on Friday in a sign of the division's waning influence as Germany's largest lender prepares a multi-billion dollar restructuring aimed at reversing a decline in its fortunes....
17:14 2019-07-05

UPDATE 1-Trump defends use of Deutsche Bank, says bank has been 'maligned' U.S. President Donald Trump on Thursday defended his use of Deutsche Bank AG and said the German bank was being "badly written about and maligned," as congressional Democrats probe his finances....
16:14 2019-07-11

Deutsche Bank's bank capital debt back in the red, CDS decline Deutsche Bank's capital boosting Additional Tier I debt issues dropped back into the red on Monday, giving away gains made in early trade following news of the German lender's planned overhaul over the weekend....
12:28 2019-07-08

Deutsche Bank may create 'bad bank' for high-risk assets Germany's largest lender is planning to isolate up to €50 billion in high-risk assets, reported the Financial Times. The bank's chief executive has vowed to restore sustainable profitability to the ailing lender....
10:14 2019-06-17

Western Europe's best bank bank for corporate responsibility 2019: dummy copy dummy copy dummy copy dummy copy dummy copy dummy copy dummy copy dummy copy dummy copy dummy copy dummy copy dummy copy dummy copy dummy copy dummy copy dummy copy dummy copy dummy copy dummy copy...
17:42 2019-05-30

Deutsche Bank is about to undergo its biggest restructuring ever. Here's what we know about what's going on at the German bank. Reuters/Kai Pfaffenbach Deutsche Bank CEO Christian Sewing is expected to announce a sweeping overhaul of Germany's biggest bank after a supervisory board meeting on Sunday. The restructuring will reportedly focus on its US business and could includ...
11:56 2019-07-06

Louisiana becomes latest US state to pass strict 'heartbeat' abortion ban Louisiana has become the latest US state to pass a strict new abortion ban that would prohibit the procedure before some women even know they are pregnant....
14:28 2019-05-30

‘I Waited Eight Years.’ Meet the K-Pop Superfans Who Spent Their Savings to Meet Their Favorite Idols In her room at the AC Hotel in Times Square, Hayley Baye selected her outfit with purpose. For her first time at KCON, the Korean culture convention featuring performances from some of K-pop’s buzziest groups, the 24-year-old executive assistan...
22:56 2019-07-24

Duchess, Meet Queen? Beyoncé and Meghan Markle May Meet at The Lion King’s London Premiere They’re two of the world’s most famous women (with equally famous husbands), are both working moms, share a few famous friends and both even sport royal titles (albeit one slightly more official than the other). But have Duchess of Sussex Meghan Mark...
02:14 2019-07-02

U.S. regulators ask Deutsche Bank to explain 'bad bank' proposal: FT U.S. regulators have sought explanation from Deutsche Bank AG about its "bad bank" proposal and its impact on U.S. operations at the loss-making German lender, the Financial Times reported on Monday....
09:00 2019-06-24

Deutsche Bank to set up 50 billion euro bad bank: source Deutsche Bank is planning to overhaul its trading operations by creating a so-called bad bank to hold tens of billions of euros of non-core assets, a source close to the matter said on Monday....
10:42 2019-06-17

Deutsche Bank to set up 50 billion euro bad bank in revamp Deutsche Bank is planning to overhaul its trading operations by creating a so-called bad bank to hold tens of billions of euros of non-core assets, a source close to the matter said on Monday....
19:00 2019-06-17

Deutsche Bank CEO Signals More Cuts to Investment Bank Chief Executive Christian Sewing signaled the lender will shrink its investment bank as it struggles to stabilize the business and regain support from investors who have pushed its shares to record lows....
12:14 2019-05-23

Deutsche Bank U.S. Operations Chief to Leave Bank Deutsche Bank AG’s chief operating officer for the Americas, Kate Clifford, has quit after a little more than a year in the role, according to people familiar with the matter....
07:00 2019-06-05

Tomic fined for playing below standards at Wimbledon Australia's Bernard Tomic was fined 45,000 pounds ($57,000) for not playing to "required professional standards" after he put in minimal effort during a 58-minute, first-round thrashing by Jo-Wilfried Tsonga at Wimbledon, organizers said on Thursday....
21:42 2019-07-04

NHL officials aren’t even trying to enforce rule standards There is no excuse for the NHL’s dereliction of duty in overseeing and supervising the playoffs. The parade of scandalous errors made by on-ice officials has tainted the tournament. And the absence of accountability emanating from both Sixth Avenue i...
04:14 2019-06-09

USB4 standards brings the number of different USB-C to USB-C cables to 8 USB Type C was envisioned as the universal connector, though USB-C cables are far from universal. USB4 cables are limited to a maximum length of 80 cm....
02:56 2019-09-14

MLB’s netting dilemma: With current standards, danger is just a second away Line drives can reach seats not covered by protective netting in just over a second and impact with a force equivalent to a 10-pound weight striking a person's head from a height of 11 feet....
21:28 2019-06-05

There's Now a Committee to Develop Standards for Robotic Exoskeletons Advanced technology is just science fiction until some international standards group forms a committee with an anonymously bureaucratic name to make sure every mind-blowing new advancement is nice and safe and boring, just like it should be. This is ...
02:14 2019-07-02

Poland proposes tightening 5G security standards Poland has proposed tightening its cyber security standards and could ban certain products or suppliers from key parts of a future 5G network, the country's digital ministry said in a document published on Wednesday....
01:14 2019-07-18

Singapore looks to establish new standards for emerging technologies Country's standards council plans to introduce at least 40 standards to guide the development and adoption of new technologies, including drones, additive manufacturing, and video analytics....
10:42 2019-07-16

Trump says he wants to meet whistleblower: 'I deserve to meet my accuser' President Donald Trump on Sunday escalated his rebuke of the anonymous whistleblower at the center of the mounting Ukraine controversy after House Democrats launched an impeachment inquiry against him, asserting that he deserves to "meet my accuser."...
04:00 2019-10-01

| Tough new standards have Aussies fine-tuned for worlds Coach Jacco Verhaeren has set brutally difficult qualifying standards to make Australia's team for the FINA World Championships team after a poor showing two years ago....
09:56 2019-07-16

Juul introduces new POS standards to restrict sales to minors Juul Labs, the e-cigarette behemoth partially owned by Altria, has today announced a new POS age-verification system that it will require all Juul retailers to comply with by May 2021. The Retail Access Control Standards program, or RACS for short, r...
20:14 2019-08-29

Changes to testing standards for Pima County corrections officers TUCSON- Corrections officer recruits for the Pima County Jail will now be tested with new physical fitness standards. Corrections class officer Gabriel Rios said that the new standards are more work-related and something that officers may face while ...
09:42 2019-09-21

Google’s new privacy standards want to save us from creepy ad practices This might strike you at first blush as a bit ironic, coming from one of the most data-hungry tech giants out there. Nevertheless, Google has rolled out the sketches of a plan that it presents as an attempt to both make the web more private, putting ...
06:56 2019-08-23

Trump bars California from setting fuel standards President Donald Trump announced his administration is revoking California's authority to set auto mileage standards stricter than those issued by federal regulators, a move opposed by state leaders and environmental advocates. (Sept. 18)   ...
14:14 2019-09-19