What’s Going on in Finance Today
$56 trillion in ten years – according to a report released by The Demand Institute, this is what Chinese consumption will hit by 2025. Is your company looking to compete in the Chinese market over the next decade? Find out what 40 cities in China are the most promising for consumer sector companies. Read more.
Barclays Bank misused an exchange trading system in order to automatically deny client orders that would not be profitable to the bank. This resulted in a $150 million fine from the New York financial regulator. Find out here exactly how much Barclays is willing to pay. Read more.
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Fed Officials Boost Rate Hike Expectations
Comments at a conference suggest policymakers are ready for “liftoff” at the Fed’s December meeting.
Gold Mining Company Files Chapter 11
Atna Resources has $200,000 in cash on hand and owes creditors more than $19 million.
China’s Consumption to Hit $6.4T in 2025
As growth slows, new opportunities are emerging for multinational companies operating in China — if they know where to look, says The Demand Institute.
Taking ERP On the Road
Advances in the mobile versions of ERP systems are providing organizations timelier information and access to valuable data outside the office.
Many Cybersecurity Incidents Involve Employees
Not all employees keep pace with a rapidly changing IT environment, says Kaspersky Lab.
Barclays Fined $150M Over ‘Last Look’ System
Barclays did not seek ‘to distinguish toxic order flow from instances in which prices merely happened to move in favor of the customer,’ said the NYFDS.
FTC Suffers Setback in Patient Data Breach Case
A judge dimisses a suit against LabMD because the FTC did not demonstrate that poor security would likely result in ‘substantial injury’ to consumers.
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