1. Articles from Zero Hedge

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    1. Citigroup Hit With $400 Million Fine Over AML Failures That Led To Mike Corbat's Downfall

      Citigroup Hit With $400 Million Fine Over AML Failures That Led To Mike Corbat's Downfall

      After Citi announced that Corbat would be replaced by Jane Fraser, who will soon become the first CEO of an American megabank, it was revealed that the Office of the Comptroller of the Currency was preparing to fine Citigroup for compliance failures that had apparently become part and parcel of Corbat's executive blindness - an issue he had neglected, that ultimately lead to his downfall - or at least that's what ...

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    2. Zoom Is Now Worth More Than The World’s 7 Biggest Airlines

      Zoom Is Now Worth More Than The World’s 7 Biggest Airlines

      Amid the COVID-19 pandemic, many people have transitioned to working – and socializing – from home. If these trends become the new normal, certain companies may be in for a big payoff. Popular video conferencing company, Zoom Communications, is a prime example of an organization benefiting from this transition. However, other industries haven’t been so lucky...

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    3. Regulators Consider Banker Pay Limits As Bonuses Hit Post-Crisis Highs

      Regulators Consider Banker Pay Limits As Bonuses Hit Post-Crisis Highs

      Jamie Dimon has officially been put on notice: A group of federal regulators staffed by Trump appointees is reportedly taking another look at tightening restrictions on Wall Street executive pay. According to the Wall Street journal , three bank regulators are discussing whether now would be a good time to revive a crisis-era proposal that would require the biggest banks to delay some executive compensation, and even claw back some of their bonuses if losses start piling up...

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    4. Bitcoin Catches Attention Of Goldman Sachs (And Walmart, And Cisco): Goldman Director Joins Bitcoin Startup

      Bitcoin Catches Attention Of Goldman Sachs (And Walmart, And Cisco): Goldman Director Joins Bitcoin Startup

      When Bitcoin fans were hoping for fast track adoption by the mainstream, catching the attention of the all-seeing eye of Sauron Goldman Sachs was probably low on their list of demands. Yet that is precisely what they got with the arrival of a Goldman Sachs board member M. Michele Burns, who recently joined the board of Boston-based Bitcoin payment processing system startup Circle Internet ...

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    5. Guest Post: Enron Redux – Have We Learned Anything?

      Guest Post: Enron Redux – Have We Learned Anything?

      Submitted by Sue McNamara and Bruce Corneil of Beutel Goodman , Greed; corporate arrogance; lobbying influence; excessive leverage; accounting tricks to hide debt; lack of transparency; off balance sheet obligations; mark to market accounting; short-term focus on profit to drive compensation; failure of corporate governance; as well as auditors, analysts, rating agencies and regulators who were ...

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