Major Canadian bank, Bank of Nova Scotia, has been fined US$127,000,000(!!!) for compliance failures. Massive Canadian bank news!! Bank of Nova Scotia fined record US$127,000,000 by US CFTC just now for spoofing, and compliance failures related to its trading at global trading desks. 3 separate order of enforcement by US government. https://t.co/xbdlSAz5wA — Christine Duhaime […]
The financial industry has seen a good part of the effects of AI and machine learning. Banks in Brazil are leading the way when it comes to incorporating AI in their future plans. [Read more]
MSNBC recently reported that banks are starting to get back to basics and focusing more on their lending businesses as trading business declines in the wake of present market conditions in the US and Europe.