EU Making Banks Small Enough to Succeed

Banking-reform-cartoon-by-008Too big to fail will no longer fly. EU regulators are examining “a number of options” for how big a chunk of their trading activities banks should be forced to shift into separately capitalized units, according to a copy of the plans published on the European Commission website today.

“Structural reforms may increase the credibility and effectiveness of the recovery and resolution process for large and complex banking groups, thereby lowering the ultimate taxpayer costs,” the commission said.

DHS freezes largest Bitcoin Exchange’s Dollar Account

The Department of Homeland Security DHS) is investigating Mt. Gox, the largest Bitcoin exchange, for violating laws on US money exchange and money transfers. It seized the bitcoin exchange’s U.S. dollar account with Dwolla.

The seizure of the funds was triggered by an alleged failure of the company to comply with U.S. financial regulations, according to a federal court document provided by a spokeswoman for the U.S. Immigration and Customs Enforcement (ICE), the investigative arm of the DHS.

In April 2013 the National Credit Union Administration (NCUA) had warned the credit unions to beware of the emerging money laundering risks from the MSBs…US vs Mt. Gox Warrant

DHS freezes largest Bitcoin Exchange's Dollar Account

Gina Rinehart, Mining Billionaire in Australia, Recommends Following Lee Kuan Yew of Singapore

Stimulate the northern regions of our country, says Rinehart. Rinehart, who’s wealth is estimated at $17.1 billion, has been a frequent critic of taxes on carbon emissions, coal and iron-ore profits, creating tensions with Australian Prime Minister Julia Gillard’s government. Lee, Singapore’s first prime minister, is credited with transforming his nation from a colonial backwater into Southeast Asia’s only advanced economy by encouraging foreign investment and averting corruption. Article 

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Women Lobbyist CEO’s paid $600,000 less than their Male Peers

The female chief executive officers were paid an average of $1.31 million in 2011, compared with $1.93 million paid to the 42 male CEOs. That means they made about 68 cents for every dollar paid to a man — a bigger salary divergence than the 72 cents women earned against every $1 paid to a man in the wider economy, as measured by the U.S. Census Bureau.   Article Women Lobbyist CEO’s paid $600,000 less than their Male Peers