TORONTO — Canada’s main bank regulator is scrutinizing the country’s financial institutions to determine whether their internal “culture” is sufficient to quell the type of risk-taking that led to the financial crisis.
In the seven years since the financial crisis rocked markets and economies around the world, global regulators including Canada’s Office of the Superintendent of Financial Institutions have imposed strict rules mandating minimum capital cushions and forced banks to closely link risk to business practices such as compensation and incentive plans.
Keurig Green Mountain Inc., a maker of home-brewing machines for beverages, is recalling more than 7 million coffee-making systems after reports of people being burned by hot liquid that sprayed from the devices.
NEW YORK/LONDON: Legal proceedings in India against beleaguered businessman Vijay Mallya has now come to haunt his US-based brewery firm, which is banking on USD 1 million bridge loan promised by his holding firm for survival. "Vijay Mallya, the company's Chairman and indirect majority shareholder, is presently subject to certain legal proceedings in India, which may impair the company's ability to obtain financing from UBHL (United Breweries Holding Ltd) and other potential funding sources," California-based Mendocino Brewing Company Inc said in a regulatory filing.
Jerusalem (AFP) - Israeli Prime Minister Benjamin Netanyahu on Wednesday ordered the suspension of a controversial measure banning Palestinians from riding the same buses as Jewish settlers when returning from Israel to the West Bank.
RAMALLAH, Palestinian Territory — The Palestinian president has threatened to stop security co-ordination with Israel if the country continues to withhold millions of dollars of Palestinian tax revenue, a senior Palestinian official said Sunday.
Nabil Shaath said President Mahmoud Abbas warned European leaders on a trip to Europe last week that Palestinian officials would discuss the matter during a Palestinian central council meeting next week.
The Inflection Point submits:
CalAmp (CAMP) is a turnaround story that seems to be near an important inflection point. CalAmp provides wireless communications solutions in the United States through its wireless DataCom and Satellite divisions.