Two Filipinos arrested for operating black market bank | The Japan Times Online
Update: California has just enacted a law that requires “money transmitters–companies that act like banks, but aren’t, such as PayPal–to get licenses. As usual, however, the devil is in the details. Previously, California corporations were only required to get money transmitter licenses for international funds transfers, and domestic transfers were unregulated. Now both kinds of [...]
Reading Rand can be good for business
John Allison retired at the end of last year as CEO of BB&T: he had recently shepherded it through the worst banking crisis since the Great Depression, leaving it in fairly good shape. He’s certainly seen as a success where many others in his field have failed miserably as of late…“We didn’t do negative-amortization mortgages,” [...]
