Citing the case of a Colombian oil company that had to pay a $1.3 billion settlement after it was found to be a conduit for Colombian cocaine shipments, National Geographic published a feature titled “When intermediaries fail.” The article explained how Colombian companies were using intermediaries in ways that could lead to “a huge economic impact,”…
Tag: disadvantages of intermediaries
Bank of America gets ‘bad’ grade for its loan to Equifax
BAC Capital Advisors, the parent of BAC Mortgage, is downgraded from AA to AA+.The bank earned a “bad” grade on the agency’s ratings agency ratings in its credit rating for Equifax, its credit report says.BAC is one of the largest mortgage lenders in the U.S. and a major player in the mortgage lending market.The bank…
What you need to know about the NBA’s ‘inmediaries license’
New York City’s NBA team announced Wednesday that it has filed a regulatory filing to become an intermediary license.The NBA filed a similar application last year.The team, which is owned by the New York Knicks, filed its application in the Federal Trade Commission, which handles the licensing of companies that help companies collect advertising revenue.The…
India’s ‘Zurich intermediaries’ struggle with digitalisation
In India, where intermediaries such as Uber, GoPay, and Flipkart are often at the forefront of digitalisation efforts, the emergence of the virtual currency bitcoin as a viable alternative to fiat money has raised questions about whether digital payments will become the norm in the country.“There is a lot of concern about digital payments and…
‘The Last Jedi’: A Rogue’s Gallery of Characters
In a post-Jedi world, the Jedi Order has been fractured and lost, with the rise of a new generation of dark-side traitors that have been reborn as the Empire.But how did the Jedi go from the “best of the best” to a collection of rogues?Find out here!_____________________________________________________________________________________”A Rogue’s Gallop” is a three-part podcast series that…
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