Tag Archives: lending

Agustín Carstens, general manager for the Bank of International Settlements (BIS) warned of Big Tech’s increasing reach into financial servicesCarstens said that Big Tech needs monitoring as it broadens its scope of services into credit and beyond. He added that Facebook’s Diem, in particular, needs scrutiny.Carstens delivered his remarks as …

U. S. President Joe Biden’s pick for the official position of the Office of the Comptroller of the Currency (OCC) Chair has stirred controversy across the financial circles Biden’s pick is Saule Omarova; a Cornell University’s law professor who has been critical of cryptocurrencies. Omarova adopts a vision on a …