Social-media giant Facebook comfortably beat analysts’ estimates across earnings, revenues and active users for the fourth quarter of 2020. “We had a strong end to the year as people and businesses continued to use our services during these challenging times,” explained Mark Zuckerberg, Facebook founder and chief executive officer.
Thanks in no small part to recent rate cuts by the US Federal Reserve System, Singaporean banks are now under increasing pressure. And the outlook for the Asian city-state’s banking sector suggests that things may get only worse this year, especially for the three biggest players:
The European Union has put up a brave front against financial crimes such as money laundering, but the criminals still manage to get away with a way too much ill-gotten gain. Progress is being made with the new AMLD5 framework, but much more needs to be done to achieve resounding success. What are some of the steps the EU should take to finally grab this brazen bull by its horns?