Trump Attacks Amazon Anew, Says `Post Office Scam' Must End

Trump Attacks Amazon Anew, Says `Post Office Scam' Must End

Amazon.com and the Washington Post have been regular punching bags for Trump. In July, the president mused about whether the newspaper was “being used as a lobbyist weapon” to keep Congress from looking into Amazon's business practices. He echoed that comment on Saturday, saying the
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India's banking sector paralysed due to scams of Rs 61k crore, says Congress

BENGALURU: The opposition Congress has alleged that banking scams to the tune of Rs 61,036 crore in 11 banks of the country have caused a paralysis in the banking sector. All India Congress Committee communications in-charge Randeep Singh Surjewala also attacked the Centre for not taking
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Robert Mercer, the Census and Baseball

(Bloomberg View) — The weekend is here! Pour yourself a mug of coffee, get comfortable on the massage table, and get ready for our longer-form weekend reads: • Inside the Strange Odyssey of Hedge-Fund King Eddie Lampert (Vanity Fair). • The Wolves of K Street: Meet the people making bank on
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One of the "big guys" now, TowneBank could benefit from banking bill

Proposed banking changes that are making their way through Congress have been anything but uncontroversial. Bipartisan advocates, including Virginia's Democratic Sen. Mark Warner, say the bill that's passed the Senate and is now in the House, dubbed the “Economic Growth, Regulatory Relief, and
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Fast-Fashion Fades As Secondhand Market Grows

(Bloomberg View) — There are two textile-obsessed columnists at Bloomberg View. One, based in Kuala Lumpur, is writing a book about used goods, including the global trade in secondhand clothes. The other, based in Los Angeles, is also writing a book – about textiles, technology and trade. So we
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Palestinians Seek Protection as Israel Blasts `Terrorist' March

Palestinians participate in a tent city protest commemorating Land Day, with Israeli soldiers seen below in the foreground on. March 30. Photographer: Jack Guez/AFP via Getty Images. Israeli and Palestinian leaders blamed each other for the deaths of at least 16 Palestinians who were part of a mass
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Cher Wants Saudi Crown Prince to Free Royal Detainee

So now it's U.S. singer Cher's turn to weigh in on the wave of arrests that targeted senior officials, royals and billionaires in Saudi Arabia. Among those still in detention is Prince Turki bin Abdullah, a former governor of Riyadh and, according to Cher, a friend of her son Elijah. Prince Turki was among the
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Melrose Hostile GKN Takeover Sparks UK Government Interest

An employee inspects a wingbox section for an aircraft at GKN Plc's Aerospace factory in Filton. Photographer: Chris Ratcliffe/Bloomberg. The U.K. ministers for defense and business may take steps over Melrose Industries Plc's hostile takeover of government contractor GKN Plc for any risks the deal
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Former PC Financial customers say frozen Simplii bank accounts causing 'undue hardship'

Some customers of Simplii Financial, the rebrand of the former PC Financial, say they've been caught off guard after their bank accounts were suddenly frozen in recent weeks. Last year, the new CIBC-operated banking service absorbed more than two million PC Financial customers and promised a
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The Future of Clothing Isn't in Tatters

There are two textile-obsessed columnists at Bloomberg View. One, based in Kuala Lumpur, is writing a book about used goods, including the global trade in secondhand clothes. The other, based in Los Angeles, is also writing a book – about textiles, technology and trade. So we asked them if they'd
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Cameras, frequent cleanings set for South Bend homeless site

The South Bend Tribune reports Buttigieg says the best way to prevent the homeless encampments is offering housing alternatives for the chronically homeless. The city and a local ministry are searching for a site for a planned “gateway center” to temporarily house people awaiting permanent housing.
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State treasurers seek guidelines for banks serving pot businesses

In January, Sessions rescinded the “Cole Memos,” previous DOJ notices that not only provided guidance to law enforcement in states where marijuana had been legalized, but also formed the basis of some preliminary guideposts for banks and credit unions that wanted to serve cannabis businesses.
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Japanese Banks Must Persist With Consolidation, New Lobby Head Says

Japanese banks must move forward with consolidation by using everything from mergers to informal tie-ups to tackle declining profitability, according to the new chief of the industry's main lobby group. “Consolidation has to advance from here, and the formats for doing this are going to get more diverse,”
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Chanda Kochhar: 'Ms Consistency' of Indian banking who is no stranger to crises at ICICI

The CEO of ICICI Bank has seen several ups and downs in her 25-year career. But the allegations of conflict of interest could be her toughest challenge yet. Mumbai/New Delhi: Chanda Kochhar took charge as chief executive of the ICICI Bank in May 2009 at a very tumultuous juncture. It was one of the
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These are the ways student loans stop people from buying a house

“The mortgage company decided that my income-to-debt ratio was a little bit higher than they were comfortable with,” McKinley, 59, said. … “The mortgage officer wants to see that your overall expenditures on housing and debt — including student loans and car payments — is not more than 36 percent
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Claims Longford mortgage holders have been 'raped' by overseas funds

Banks have “financially raped” taxpayers by selling off millions of euro worth of mortgages, it was claimed at a recent county council meeting. Cllr Seamus Butler said the State's leading financial institutions had caused untold damage to households up and down the country by off-loading distressed
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Banks to remain open till 8 PM on March 31: RBI

Reserve Bank of India's offices and all designated branches of agency banks conducting government banking will keep their counters open up to 8.00 PM today for … The RBI adds that even though Monday is a holiday to enable banks to close their yearly accounts, RBI offices will work on that day.
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Old Mutual Global Investors UK Ltd. Boosts Stake in Philip Morris International Inc. (PM)

Philip Morris International logo Old Mutual Global Investors UK Ltd. increased its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 3,357.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund
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US dollar share of global currency reserves hits 4-year low: IMF

The US dollar's share of currency reserves reported to the International Monetary Fund declined in the final quarter of 2017 to a four-year low, as other currencies' shares of … “The limited (US dollar) buying is not surprising. Reserve managers buy (US dollar) when they have to – they rarely want to buy.”.
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In banking this week: ICICI Bank-Videocon Group loan controversy raises many questions

Many allegations and questions have been raised after a blog post by a 'whistleblower' alleged that Dhoot provided Rs 64 crore to a firm promoted by Chanda Kochhar's husband Deepak Kochhar six months after Videocon Group secured a Rs 3,250 crore as loan from ICICI Bank in 2012. The amount
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