Bank of England's Prudential Regulation Authority Chief Executive Officer Andrew Bailey denied allegations regarding the central bank condoning the practice of traders sharing impending customers via chat rooms, said a Bloomberg report.
The Wall Street Journal reported that the unusual alliance of the US government and conservative lawmakers indicate a shift in how politics view crime in light of the swelling population in US prisons.
Investors in Global A&T Electronics, including private equity firms Blackstone Group and Farallon Capital Management, has filed a class suit against the company, seeking the reversal of a $500 million debt swap deal.
Bitcoin is an experimental, decentralized digital currency, which has enabled instant payment anywhere in the world. While still not fully legitimized by many governments, financial analysts continue to debate whether it represents the wave of the future, or a huge dud. The bitcoin essentially uses "peer-to-peer technology to operate with no central authority," and provides a substitute to paypal or to credit cards. Its encryption code, which substitutes paying by credit, eliminates the hassles of banks serving as the middle men.
