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Indian
Assam floods: 3 dead, nearly 25,000 people in 94 villages affected
According to the flood reports of Assam State Disaster Management...
Govt to soon approve recast of Banks Board Bureau
The Delhi High Court(Delhi HC), while disposing one of the cases ,...
LIC IPO: Listing on Tuesday, Faith of millions of Indian small investors put to test
“The mood could turn sour if the market price falls,” said Amitabh...
Govt looks for a new IRDAI member (life)
A search panel, The Financial Sector Regulatory Appointment Search...
International
‘Too soon’ to let Boeing 737 MAX fly again, say families of Lion Air crash victims
General Motors follows Tesla,launches its own auto insurance
Nasdaq to buy financial fraud detection firm Verafin for $2.75 billion
“The problem of detecting money laundering and fraud hasn’t been solved very well yet,” Valerie Bannert-Thurner, senior vice president and head of sell-side and buy-side solutions, market technology at Nasdaq, said in an interview. “With our acquisition we are doubling down on our belief this as an area that is being disrupted and where we can have a big impact.”
Up to $2 trillion is laundered globally each year, representing up to 5% of global GDP, according to the United Nations.
Global economy recovering, but may be losing momentum, says IMF chief Kristalina Georgieva
While fiscal spending of nearly $12 trillion and monetary policies had averted even worse outcomes, poverty and inequality were increasing, and more support was needed, the IMF said.
New outbreaks and more stringent mobility restrictions, and delays in vaccine development and distribution could reduce growth, increase public debt and worsen economic scarring.
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