bitcoin

Bitcoin hit a fresh record high above $2,100 on Monday with the cryptocurrency continuing its strong rally – If you bought $100 of bitcoin at the 0.003 cent price on May 22, 2010, you’d now be sitting on around $75 million.

Bitcoin’s market capitalization has risen more than $4 billion in five days

A Bloomberg TV Host Gifted Bitcoin On Air And It Immediately Got Stolen

Dec. 19 (Bloomberg) — Matt Miller reports on where in the world bitcoin can be used. He speaks on Bloomberg Television’s “In The Loop.”


Posted in TheFutureWay Financial, TheFutureWay Tech by with no comments yet.

Ford Action

Ford Motor Is Replacing Mark Fields as C.E.O. – NYTimes.com – Ford reportedly fires CEO Mark Fields and taps executive Jim Hackett

Ford reportedly considering leadership shuffle amid stock price decline


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Leon Cooperman’s Omega

Leon Cooperman’s Omega settles with SEC for $4.9 million, admits no wrongdoing: DJ, citing letter


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COBOL Snowball

The COBOL snowball programming tech still melting away in banks since 1956 – I never knew how screwed up global banking was until I started my own bank – Sovereign Man – yup, no doubt about this fact-based statement.

[ I personally wrote some of it -editor ]



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Sgt. Peppers

Hear A Rare Outtake From The Beatles’ ‘Sgt. Pepper’s’ Recording Sessions : All Songs Considered : NPR
Newly Released Beatles Outtake From ‘Sgt. Peppers Lonely Hearts Club Band


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Digital Branding

 

Google Rewrites Its Powerful Search Rankings to Bury Fake News | huffpost.com | Marissa Mayer and these other Yahoo execs are out after Verizon takes over


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Wells Fargo

Agencies Announce Wells Fargo has Remediated Resolution Plan Deficiencies

The Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board on Monday announced that Wells Fargo had adequately remediated the deficiencies in its 2015 resolution plan. As a result, the firm will no longer be subject to growth restrictions imposed last year.

Resolution plans, required by the Dodd-Frank Act and commonly known as living wills, must describe the company’s strategy for rapid and orderly resolution under bankruptcy in the event of material financial distress or failure of the company.

In December 2016, the agencies determined that Wells Fargo had not remedied two of the three deficiencies identified previously by the agencies and imposed restrictions on the growth of the firm’s international and non-bank activities. Following that determination, Wells Fargo submitted a revised plan in March 2017 that adequately remediated the remaining deficiencies.

Wells Fargo is next required to file a new resolution plan by July 1, 2017, addressing vulnerabilities to orderly resolution as noted in guidance issued by the agencies last year. If the vulnerabilities noted in the guidance are not satisfactorily addressed, the agencies may jointly determine that the plan is not credible or would not facilitate an orderly resolution under the U.S. Bankruptcy Code. The determination made Monday by the agencies pertains solely to Wells Fargo’s 2015 resolution plan and not to any future resolution plan.

The Federal Reserve Board is also releasing the feedback letter issued to the firm, detailing the specific steps taken by the firm to resolve the previously identified deficiencies.

The decision received unanimous support from the FDIC and Federal Reserve boards.

Fireworks expected at Wells Fargo’s annual meeting

Busted for ripping off customers, Wells Fargo still isn’t standing behind them | Wells Fargo investors expected to re-elect board but show discontent


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Posted in Government & Politics, TheFutureWay Financial by with comments disabled.

Retirement

Three Smart Strategies to Finance Your Home in Retirement | Want to live abroad? Here are the 5 easiest places to relocate – Read on to see what International Living ranks as this year’s top 5 easiest places to move abroad for retirement or just for a change of pace.

Annuities as retirement savings options: The good, the bad and the ugly

Cash-strapped seniors should weigh pros, cons of reverse mortgages


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US Stocks

Paul Tudor Jones Says U.S. Stocks Should ‘Terrify’ Janet Yellen


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Financial Abuse

Declaring war on financial abuse of older people


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