Swiss regulator raps Credit Suisse for anti-corruption failings

ZURICH (Reuters) - Credit Suisse (CSGN.S) failed to adequately combat money laundering in suspected corruption cases linked to soccer’s ruling body FIFA and Venezuelan and Brazilian state oil companies, Switzerland’s financial watchdog FINMA said on Monday, dealing a blow to the bank’s reputation. Watchdog FINMA will appoint an independent auditor to oversee the bank’s anti-money…

Swiss watchdog raps Credit Suisse for anti-corruption failings

ZURICH (Reuters) - Credit Suisse (CSGN.S) failed to adequately combat money laundering in suspected corruption cases linked to soccer’s ruling body FIFA and Venezuelan and Brazilian state oil companies, Switzerland’s financial watchdog FINMA said on Monday, dealing a blow to the bank’s reputation. Watchdog FINMA will appoint an independent auditor to oversee the bank’s anti-money…

Lyft rolls out its first electric scooters in Denver

Lyft is the latest company to jump on the shared-scooter bandwagon, announcing on Thursday that Denver would be its first market in the US for its dockless electric scooters. The ride-hail company is playing catch-up in a market that’s already flush with billion-dollar startups, but it believes its ability to play nice with city officials…

I’m the CEO of a Fortune 500 company, and training for...

Scott Salmirs, Contributor Sep. 10, 2018, 3:40 PM Jaromir Chalabala/Shutterstock.com Scott Salmirs is a runner and the President and CEO of ABM Industries, a Fortune 500 company.After three years as CEO of the 100-year-old company, he realized some of the lessons from his race training were applicable in the office.For instance, even the leader of…

Uber’s new European boss made a speech radically upending everything the...

Uber's attitude to city regulators may have taken a U-turn. The ride-hailing app's new European director Jamie Heywood gave a speech at the London Infrastructure Summit on Wednesday, and his tone was considerably more conciliatory than what Uber is known for, having famously butted heads with city officials around the world. The speech comes a…

Alibaba is reportedly setting up its own company to make a...

Ruben Sprich/Reuters Alibaba is setting up its own company to make a customized artificial intelligence chip, Reuters reported. The chip, which is expected to be launched in the second half of 2019, could help Alibaba's fast-growing cloud and Internet of Things (IoT) businesses. Alibaba's Tmall Genie, an AI-powered voice assistant, has been integrated with the company's interactive local…

Alibaba Cloud and myDevices have partnered to launch “IoT in a...

IoT Briefing subscribers hours before it appeared on Business Insider. To be the first to know, please click here. Alibaba Cloud, a division of the Chinese e-commerce and technology giant, has formed a new partnership with IoT solution provider myDevices, the companies announced in a release. Business Insider Intelligence Specifically, the two have developed an…

Tesla sinks after Elon Musk says the company will stay public...

REUTERS/Aaron P. Bernstein Tesla will remain publicly traded, CEO Elon Musk announced over the weekend. Shares slid as much as 5% ahead of Monday's opening bell, and are set to open down about 2%. The decision will allow the company to focus on Model 3 production and profitability, Musk said.  Follow Tesla's stock price in…

Argentina asks for early release of IMF funds, peso hits new...

Argentina’s President Macri pauses during a news conference at the Olivos Presidential Residence in Buenos Aires Thomson Reuters By Hugh Bronstein and Jorge Otaola BUENOS AIRES (Reuters) - Argentina's peso touched a record low 32 per U.S. dollar on Wednesday after President Mauricio Macri said his government had asked the International Monetary Fund for early…

IBM launches cloud tool to detect AI bias and explain automated...

IBM has launched a software service that scans AI systems as they work in order to detect bias and provide explanations for the automated decisions being made — a degree of transparency that may be necessary for compliance purposes not just a company’s own due diligence. The new trust and transparency system runs on the…