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Why Nations Fail

Chris Skinner

Robinson from the University of Chicago and co-author of Why Nations Fail, a book that changed thinking about what makes for successful countries and what makes them fail. I had … The post Why Nations Fail appeared first on Chris Skinner's blog.

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Live Nation Settles With DOJ Over Ticketmaster Antitrust Violation

PYMNTS

Live Nation Entertainment reached a deal with the government, resolving concerns that the company had violated a 2010 antitrust settlement. The agreement — which was set to expire in 2020 — bars Live Nation from forcing venues to use Ticketmaster when they want to book tours, as well as retaliating when a venue uses another ticketing service.

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Can Comic Books Boost Compliance And AML Efforts?

PYMNTS

Comic books (along with their more sophisticated cousins, graphic novels) are treated not only as literature these days by fans and many scholars, but they also have a firm place in U.S. Now comes a comic book contribution to one of the most vexing and vital issues of modern payments and commerce — fraud prevention and ID compliance.

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National Australia Bank reports 8.8% lift in cash profit to $7.7bn

TheGuardian

The cash result, up 8.8%, was booked during a 12-month period of fast-rising interest rates that has helped the wider banking sector print profits by increasing borrowing rates at a faster pace than deposits.

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Punjab National Bank Faces Third Major Fraud In As Many Years 

PYMNTS

Punjab National Bank shares fell by nearly 6 percent late Thursday (June 9) after it was defrauded $491 million by one of its customers, The Wall Street Journal reported. Punjab National failed to provide details of the alleged fraud and declined to comment, the Journal reported.

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Punjab National Bank Discovers Second Defrauder

PYMNTS

Punjab National Bank revealed that it had been defrauded $556 million from a struggling borrower, Bhushan Power & Steel, according to a report by The Wall Street Journal. Punjab National Bank filed complaints with the Reserve Bank of India as well as the police after discovering Bhushan’s involvement with the loan money.

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Bitcoin Daily: Travala Users Can Use Crypto Again To Pay For Expedia Bookings; S. African Ex-Crypto Agency Chief Allegedly Scammed Investors Of $13.4M

PYMNTS

Travala.com , the Binance-backed online trading agency, will be allowing travel bookings through Expedia paid for in cryptocurrency for the first time since 2018, according to CoinDesk. The feature was shelved at that time, as Expedia’s systems weren’t set up to accept bitcoin payments. million South African rand ($4.4

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