Multi-Billion Malaysian Scandal Could See Goldman Sachs’ Top Executives Lose $40 Million in Pay Backs

Goldman Sachs will cut back its top executives’ compensations depending on the consequence of investigation into the bank’s role in a multibillion-dollar Malaysian fund scandal. In a regulatory filing, Goldman announced that its board could reduce or forfeit the stock-based awards granted to its tier-one executives in 2018. Such a scenario could affect former CEO and […]

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Temporary Bounce? Trump Gloats Over Buzzfeed and HuffPo Layoffs as Storm Clouds Gather Over Presidency

US president Donald Trump has gleefully weighed in on the news of mass layoffs at Buzzfeed and the Huffington Post in typically abrasive fashion on his Twitter account. According to Trump, who is facing an unprecedented challenge to his presidency following the arrest of longtime adviser Roger Stone and another impending government shutdown on the […]

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Bitcoin is a Tool for ‘Peaceful Revolution’: Crypto Developer Jimmy Song

Jimmy Song (second from the right) believes bitcoin can be used to promote peaceful revolutions. | Source: Wikimedia Commons Bitcoin developer Jimmy Song says the original cryptocurrency can be a powerful tool to usher in a “peaceful revolution.” Song made the remarks during an interview with RT’s business host Max Keiser. “The biggest thing bitcoin brings […]

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G20 Countries to Regulate Cryptocurrencies in Line with FATF Standards

The G20 Countries have signed a joint declaration in Buenos Aires, where it promises to regulate cryptocurrencies and combat its use for money laundering and the financing of terrorism in line with the Financial Action Task Force (FATF) standards, per a Saudi Gazette report.Section 25 of the declaration signed by the forum reads: “We will […]

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