Finance

Facebook co-founder and CEO Mark Zuckerberg testifies before the House Financial Services Committee in the Rayburn House Office Building on Capitol Hill October 23, 2019 in Washington, DC. Chip Somodevilla | Getty Images Facebook could be forced to abandon its own cryptocurrency project if the newly created group steering it decides to move forward without
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Financial scandals like the one involving Malaysian sovereign wealth fund 1MDB are unlikely to happen again in Malaysia, said the country’s central bank governor. 1MDB — set up to promote Malaysia’s development — has been at the center of one of the world’s largest corruption and money laundering scandals, as billions of dollars went missing
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Wells Fargo Securities’ Michael Schumacher sees year-end bond market volume dropping off earlier than usual. According to the firm’s global head of rate strategy, the slide will likely occur around Thanksgiving instead of mid-December. Not only is Wall Street still thinking about last year’s painful historic stock market drop, Schumacher blames the geopolitical backdrop. He
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