Category: FINANCE
IBM Partners Bank of America to Develop World’s First Financial Services-Ready Public Cloud for Banks
IBM, Bank of America collaborate to build financial services-specific cloud. Bank of America and IBM, along with IBM’s regulatory compliance arm Promontory Financial Group, have partnered to build a cloud for banks that has security, privacy and bank-specific regulatory compliance built in. “INDUSTRY CLOUD” in Financial service industry, first of its kind in the constantly […]
United States Treasury Dept Officially Tags China as Currency Manipulator
In a first since 1994, the U.S. Treasury Department declared China a “currency manipulator” — after the country let the yuan to fall to its lowest level against the dollar since 2008. China also confirmed that it is suspending purchases of U.S. agricultural products, as a response to President Trump’s new 10% tariffs on another […]