Sun.Jun 04, 2023

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[Audio] Episode 277 -- The Murad OFAC Settlement and Sanctions Compliance Lessons

JD Supra: Mergers

Over an eight-year period ending in 2018, Murad, a U.S. cosmetics company, illegally exported goods and services to Iran in 62 separate transactions worth approximately $11 million. Murad was acquired by Unilever United States (“Unilever”) in 2015. Once discovered, Unilever voluntarily disclosed the conduct to OFAC. The fallout from Murad’s long-running conspiracy: Unilever paid $3.3 million to OFAC for its Iran Sanctions violations.

IT 192
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Jeff Zucker’s View From Outside CNN: He Could Do Better

The New York Times: Mergers, Acquisitions and Dive

It’s been more than a year since he was forced from the top job at the network. Since then, he has made no secret of his frustrations with his exit — or his low regard for the man who replaced him, Chris Licht.

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Meta and Broadcom are among the most overbought stocks on Wall Street

CNBC: Investing

Watch these overbought and oversold names on Wall Street for signs of overcrowding and potential bargains.

Stock 98
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A JetBlue/Spirit Merger Will Make Air Travel (Even) More Miserable

The New York Times: Mergers, Acquisitions and Dive

The looming headache of this summer’s travel season only strengthens the argument against the JetBlue/Spirit merger.

Mergers 98
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15 Modern Use Cases for Enterprise Business Intelligence

Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?

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Bank boards must hold mgmts accountable for their actions: RBI Dy Guv Rao

Business Standard - FInance

RBI Dy Guv, Rajeshwar Rao: If the management fails to meet expectations, the board should even consider replacing it, he said

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TipRanks reveals the top 10 services sector analysts of the past decade

CNBC: Investing

TipRanks' analyst ranking service ranks the top Wall Street firms of the past decade.

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More Trending

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Personal finance: Here are the money changes and PF deadlines for June 2023

Business Standard - FInance

Personal finance: From more expensive third-party motor insurance to pricey E2Ws to new rules for safe deposit lockers, read it all here

Finance 98
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Former CNN Chief Jeff Zucker Has a New Job at RedBird IMI. What Is It?

The New York Times: Mergers, Acquisitions and Dive

Mr. Zucker is C.E.O. of a $1 billion investment venture backed by RedBird Capital Partners and International Media Investments, an Emirati firm.

Media 88
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RBI may maintain pause on interest rate as inflation declines: Experts

Business Standard - FInance

The Reserve Bank of India (RBI) will maintain the policy repo rate at 6.5 per cent during its upcoming June 8 announcement, considering the easing of retail inflation in April and the potential for further decline, indicating the effectiveness of previous policy rate actions, anticipate experts. Headed by Reserve Bank Governor Shaktikanta Das, a meeting of the six-member Monetary Policy Committee (MPC) is scheduled for June 6-8.

Banking 98
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Bourse operator ASX takes action for trading software’s operational reliability

Global Banking & Finance

Bourse operator ASX takes action for trading software’s operational reliability (Reuters) – Australia’s bourse operator ASX Ltd said on Monday it had submitted a special report for its Clearing House Electronic Subregister System (CHESS) software to the country’s corporate regulator and the Reserve Bank of Australia.

Trading 52
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Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.

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IRDAI asks insurers to suo motu settle claims of Odisha rail mishap victims

Business Standard - FInance

Lates Odisha Train Accident News Updates: Under suo motu settlement, the companies settle the claims even without the other parties applying for it

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Barclays Private Bank makes senior appointments in Singapore – statement

Global Banking & Finance

Barclays Private Bank makes senior appointments in Singapore – statement SINGAPORE (Reuters) – Barclays Private Bank said on Monday it has made two senior appointments in its Singapore office in a move to tap into the influx of wealth and growth of family offices in the city-state.

Banking 52
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The EIB Climate Survey: Government action, personal choices and the green transition

European Investment Bank

Do global crises accelerate the push for the green transition? What impact does this have on public opinions of the transition? The EIB Climate Survey 2022-2023 reveals that a majority of people around the world feel that the war in Ukraine and increased energy prices should speed up the shift to greener solutions. Over half of Chinese citizens (55%) view climate change as the country's most significant challenge, compared to lower percentages in Europe (41%), the US (28%), and the UK (32%).

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RBI deputy Guv urges banks to address gaps in governance framework

Business Standard - FInance

Boards should set clear expectations for management and should require reports on risk management on a regular basis, said Rao, at a conference of directors of state-run and private banks in May

Bank 52
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Enhance Customer Value: Unleash Your Data’s Potential

The complexity of financial data, the need for real-time insight, and the demand for user-friendly visualizations can seem daunting when it comes to analytics - but there is an easier way. With Logi Symphony, we aim to turn these challenges into opportunities. Our platform empowers you to seamlessly integrate advanced data analytics, generative AI, data visualization, and pixel-perfect reporting into your applications, transforming raw data into actionable insights.

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The EIB Climate Survey: Africa and the Middle East

European Investment Bank

How are climate changes impacting daily life and economic wellbeing? How do people perceive renewable energy solutions? The inaugural African edition of the European Investment Bank Climate Survey provides some insights. The majority of Africans report that climate changes are already having repercussions on their everyday lives and income. What Africans think: 88% believe that climate changes are already impacting their daily lives 61% think that climate changes and environmental harm have affe

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The City Climate Finance Gap Fund: EIB Annual Report 2022

European Investment Bank

While cities can play a crucial role in achieving the ambitious targets set by the Paris Agreement, they often lack the capacity and technical knowledge to implement climate projects and may have difficulty finding support. The City Climate Finance Gap Fund was founded in October 2020 to provide technical assistance for the early-stage preparation of climate projects developed by cities in low- and middle-income countries.

Finance 52