Cannabis advocates in Colorado cheered the Biden Administration’s reported move to reclassify marijuana and said the decision likely would reduce businesses’ tax burden significantly. Industry leaders cautioned that such a move — if finalized — would not resolve some major challenges facing the industry, such as limited access to banking. But they pointed to the … Read more
Federal efforts to bring “open banking” to Canada are being welcomed by players in the industry — but there’s also criticism that, after years of waiting, any changes may not come fast enough to encourage innovation or allow smaller financial players compete with larger institutions. Open banking lets consumers or business customers share personal and financial information between approved banks and other … Read more
SINGAPORE: The Bank of Singapore (BOS) has conducted a wide-ranging investigation into the misuse of medical benefits by staff who made claims for ineligible items such as bird’s nest, sources have told CNA. “Hundreds” of employees were involved in the investigation which ultimately led to some people being sacked, according to three OCBC Group employees … Read more
Bitcoin is increasingly seen as a strong store of value, and a there are a range of different ways you can take advantage of its big swings in price to generate some profit for yourself, or create a digital nest egg for the future. But futures and ETFs aside, if you want to own your … Read more
President Bola Tinubu has approved the appointment of Abdullahi Bello as the chairman of the Code of Conduct Bureau (CCB), pending confirmation by the Nigerian Senate. Mr Bello is a consummate professional with more than 25 years of work experience in consulting, banking, law enforcement, financial services, and academia. READ ALSO: Tinubu extends tenure of FCT … Read more
Charlotte Cowles is a New York-based columnist for The Cut and the New York Times who delivers financial advice by revealing her first-hand experiences. Recently, Cowles revealed that she had lost thousands in an elaborate financial hoax. “I put $50,000 in cash in a shoe box,” the columnist wrote. In October 2023, Cowles received a … Read more
SINGAPORE: DBS is extending its digiVault protection to all accounts, allowing customers to “lock up” funds in their existing accounts. The feature, launched last November, enables customers to lock their funds digitally in a designated account, from which funds cannot be digitally transferred out. Existing DBS and POSB customers who wish to utilise the digiVault feature … Read more
Mr Wee made “significant contributions” to the education sector, uplifting many students from all walks of life, said Education Minister Chan Chun Sing. “Mr Wee was known both for his business acumen and for giving back to society,” he wrote in a Facebook post. “Over the years, he contributed to our schools and various education … Read more
“No-One Cares Which Bank Provides Their Apple Card.” This is the news headline I read recently on Forbes. It relates to the change of the bank that issues bank cards for Apple. While the news might impact the banking and fintech community, it was not newsworthy for the general public and the final consumers. It … Read more
The world’s first legal sale of recreational marijuana happened in Denver on Jan. 1, 2014. In fact, it happened twice. Mason Tvert was managing the onslaught of media that descended on the Mile High City to witness the historic moment, set in motion by the successful legalization campaign he’d led. So many camera crews and … Read more
