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Blockchain Makes Inroads Into Banking

PYMNTS

The CBA said it will look to include smaller and mid-sized banks on the platform, with eventual additions of tax agencies and customs activities to the platform. Separately, the South Korean government has been eyeing tax breaks for blockchain in a move that looks to bring innovation to the region.

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Book Report: The Unbanking of America by Lisa Servon

Jeff For Banks

That is how the book ended. Professor of city and regional planning at the University of Pennsylvania. Without further anticipation, here are the book's takeaways with a little editorial commentary from me: Amazon Link 1. They pay no Federal income taxes. These disclosures are required by law and bank regulators.

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Trump Administration May Lessen Limits On Leveraged Lending

PYMNTS

According to a report by Reuters , which cited bankers, investors and lawyers, Trump could tell regulators to be more lenient with the enforcing of the rules, which were put in place in 2013 by the Federal Reserve, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency.

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Despite Plenty Of Concerns, SMB Optimism Holds Fast

PYMNTS

Small business owners have a lot on their plates today and, depending on who one asks, top concerns range from taxes to late invoice payments. In fact, 45 percent said they are concerned about taxes, making this topic an even greater worry for SMB owners than cash flow management (42 percent) and keeping up with technology (32 percent).

Taxes 105
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How Prepaid Cards Played A Role In El Chapo’s Global Drug Operation

PYMNTS

That story , repeated in at least two books about Escobar, may or may not be exaggerated. Criminals can direct federal or state tax authorities to issue fraudulent tax refunds on prepaid debit cards.”. Prepaid access cards are used by criminals in a variety of ways,” the agency said. A report last year from the U.S.

Cards 147
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After A Century, Barclays Steps Back From Africa Operations

PYMNTS

And while some of these strategy revamps have been telegraphed, the numbers show some impact from regulations and investigations, as the firm posted a net loss of roughly $547 million (394 million pounds), which is far worse than a year ago at 174 million pounds. Staley, on board. Staley took the reins as CEO at the end of last year.

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US Corporates’ Global Ambitions Remain Strong Despite Protectionism

PYMNTS

Raimundo Diaz, head of Americas at TMF Group, and Jason Gerlis, regional director of North America at TMF Group, both chatted with PYMNTS about the findings in the report. He pointed to Ireland, which successfully shaped tax policy to attract FDI in the market, as well as jurisdictions in Asia that are doing the same.

US 100