Insights for Global Business Professionals

COMPLIANCE Macy’s Accountant Hid $154M in Delivery Expenses If you’re an accountant and you ask your boss for raise next time, bring up this case study and tell your boss…

COMPLIANCE US Court Rejects SEC’s Proposed Rule for Treasury Dealers A federal judge in Texas invalidated a U.S. Securities and Exchange Commission (SEC) rule that required certain traders in the…

DEBT MARKETS Banks Sell the Most Bonds Since 2016 Banks went berserk issuing bonds, raising a whopping US$23.5 billion in ONE day last week. This was the most sold since…

COMPLIANCE More Details on TD Bank’s Fraud Indictment Additional details of TD Bank’s recent fraud indictment have emerged: A former TD Bank employee, Daria Sewell, caught in the middle of…

COMPLIANCE Canada Lobbies for Overhaul in Crime Reporting Canadian banks have not had a good time when it comes to anti-money laundering. The Canadian Bankers Association is lobbying the Canadian…

MARKETS Canada Makes Largest Rate Cuts As the Bank of Canada (BOC) continues to rein in inflation, the BOC made its largest interest rate cut last week, lowering rates by…

AI IN FINANCE AI Helped US Treasury Stop $4b Worth of Fraud Wondering what the big hoopla is about with AI? Well, the US Treasury department has leveraged the use…

COMPLIANCE TD Bank Smacked with Penalties for Money Laundering Failures The Canadian banking giant is facing massive penalties in the US for failures in its money laundering compliance. TD Bank…

AI IN BANKING BMO Appoints Chief AI & Data Officer As AI dominates everything we see right now, Canadian bank, BMO has appointed Kristin Milchanowski, as its Chief AI &…

COMPLIANCE CIBC Slapped with Fine from US Regulators The Canadian bank is facing a total fine of US$42M due to poor record-keeping and using inappropriate communication methods (e.g. text messaging)….