Anonymous ID: a49d7f July 29, 2018, 6:08 p.m. No.2346449   🗄️.is 🔗kun

Trump lashes out at Mueller for alleged conflicts of interest

 

https://thehill.com/homenews/administration/399427-trump-says-he-and-mueller-had-nasty-business-relationship

Anonymous ID: a49d7f July 29, 2018, 6:12 p.m. No.2346484   🗄️.is 🔗kun

It handled more payments last year than Mastercard , controls the world’s largest money-market fund and has made loans to tens of millions of people. Its online payments platform completed more than $8 trillion of transactions last year—the equivalent of more than twice Germany’s gross domestic product.

 

Ant Financial Services Group, founded by Chinese billionaire Jack Ma, has become the world’s biggest financial-technology firm, driving innovations that let people use their phones for buying insurance as easily as groceries, enabling millions to go weeks at a time without using physical cash.

 

That success is also putting a target on the company’s back. China, even more than the U.S., is now under pressure to reckon with the disruptive power of a financial-technology giant.

 

China’s banks complain Ant siphons away their deposits, causing them to pay higher interest rates, and is a factor leading them to close branches and ATMs. One commentator at a state-owned television channel described Ant’s huge money-market fund as “a vampire sucking blood from banks.”

 

https://www.wsj.com/articles/jack-mas-giant-financial-startup-is-shaking-the-chinese-banking-system-1532885367

 

https://archive.is/0ydYz