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Treasury in US talks to speed up huge RBS fine

Treasury in US talks to speed up huge RBS fine

Business
The Treasury has held secret talks with‎ US officials aimed at accelerating a multibillion fine for Royal Bank of Scotland (RBS) that would finally draw a line under its pre-bailout misconduct.Sky News has learnt that officials from the Treasury were due to discuss earlier this week the progress of settlement negotiations between RBS‎ and the Department of Justice (DoJ) over the mis-selling of residential mortgage-backed securities (RMBS).The talks were scheduled just days before the state-backed lender is expected to report its tenth consecutive annual loss - depending upon whether it takes another big charge for the impending DoJ fine.A senior City insider said this weekend that discussions between the Treasury and US officials were aimed at expediting a final penalty for the bank, which
Four triggers could cause a huge cryptocurrency crash

Four triggers could cause a huge cryptocurrency crash

Finance
If it's true that the bigger they are, the harder they fall, then cryptocurrencies have been gearing up for a tremendous decline.But, then again, maybe this is just the start for the great crypto bull market.As of Monday, the entire cryptocurrency market stands at approximately $ 563 billion, according to industry site CoinMarketCap, which represents a more than 3,400 percent increase from the beginning of 2017.With some cryptocurrencies soaring several thousand percent, Google search results for the space coming in at all-time highs and lots of people hoping for overnight riches in nascent markets, it begs the question: Just how far can this growth be sustained and are we in a crypto currency bubble?I'm not going to argue whether or not the space is dangerously overinflated, but I am in t...
India seeing huge inflows into financial savings: ICICI Bank CEO Chanda Kochhar

India seeing huge inflows into financial savings: ICICI Bank CEO Chanda Kochhar

Finance
DAVOS: India is seeing a huge surge in the net inflows into financial savings and has reached nearly Rs 28 lakh crore in the last 18 months -- an amount equivalent to entire GDP of countries like Thailand, top banker Chanda Kochhar has said. She also said the flow into financial savings has surged significantly since the demonetisation exercise of November 2016. Kochhar, who was here to participate in the World Economic Forum annual meeting, told PTI in an interview that formalisation of economy and digitisation of banking transactions have proved to be among the most significant benefits of the demonetisation exercise. On the GST and other reforms undertaken in India, she said since 2014, the government has focused on several structural reforms which are strengthening the econom...
The huge challenges facing Zimbabwe's next leader

The huge challenges facing Zimbabwe's next leader

World
To get under the skin of the problems facing the incoming Zimbabwean president, you need to get out of the big cities and into rural areas where the bulk of the population live.Many eke out an existence in this economically crippled nation. People like Olivia Mshunga, who lives as the youngest of three generations on a small piece of land in Domboshava.Planting ground nuts in the sandy soil, she wants President-designate Emmerson Mnangagwa to lift her out of subsistence farming.She says: "We are struggling for a long time, no money, no jobs in Zimbabwe, so we want to change our life."Video:Mnangagwa promises 'new democracy'Her next door neighbour Viola Shamuyarira has similar hopes, while Ms Shamuyarira's 18-year-old daughter Yardley just wants a better wheelchair so she can get a job as a...
How to Feel Less Bloated After a Huge Thanksgiving Meal

How to Feel Less Bloated After a Huge Thanksgiving Meal

Health
Thanksgiving dinner, your house: After downing a couple of helpings of turkey and stuffing, your stomach gives a firm nuh-uh to that slice of pumpkin pie. A voice in your head has another idea, replying, "but today’s a holiday, you have to eat it.” After you consume the last delicious bite, your stomach gets revenge in the worst way: with a monster food baby spilling over your jeans.Belly bloat is your body’s way of saying, "you stuffed me," Keri Gans, RD, a New York City nutritionist, tells Health. This can be hard to avoid during holidays, when stuffing yourself is expected. Bloating can also be triggered by eating something your stomach doesn’t agree with, chowing down too quickly, and&nb