Britain should hold a second referendum on whether to withdraw from the EU, said Goldman Sachs CEO Lloyd Blankfein. "So much at stake, why not make sure consensus still there?" he asked in a Twitter post.
Legislators and central bankers are considering regulations for cryptocurrency trades to protect investors, said Ewald Nowotny, governing council member of the European Central Bank. Investors must understand the risks involved with cryptocurrencies, he said.
US Office of Management and Budget Director Mick Mulvaney will take over as temporary head of the Consumer Financial Protection Bureau, filling the vacancy left by the resignation of Richard Cordray. Mulvaney has been a vocal critic of the agency.
Employees need a clear understanding of the company strategy to perform their best, writes David Grossman. Leaders should check the health of their communication process to ensure employees are getting the information they need.
Searches on job site Indeed for the term "no experience required" have increased 1,140% during the past year, topping searches for technology jobs, which are up 467%, and searches for work-from-home jobs, which have risen 385%. The increase might stem from growing focus on automation, HR Senior Vice President Paul Wolfe says.
More than a dozen cases alleging so-called Ponzi schemes are heard in US courts each month. Accountant David Wall points out that the swindlers often target people with limited incomes and assets, ultimately extracting their life savings from them.
Personal finance writer Suzanne Woolley looks at the cases for and against "Rothification" of 401(k) retirement savings plans. A report from the Joint Committee on Taxation says 401(k) tax breaks, as they stand now, will cost the federal government $583.6 billion through 2020.
Medical debt has been identified as the primary cause of US bankruptcy filings, which have risen marginally since 2008 among people age 65 and over. Attorney Bobby Wilbert argues that filing for bankruptcy protection can bring "emotional relief."
Legislators have had limited success repealing Obama-era financial regulations, but the Trump administration's leadership picks for key agencies can make a difference in how rules are implemented and enforced, writes Jesse Hamilton. The Volcker rule and capital requirements are at the top of the list for review, Hamilton notes.
After Brexit, UK banks should be free to offer services to institutional clients and large sophisticated investors in the EU, bank lobbying group UK Finance said. UK and EU supervisors should grant mutual recognition to each other's rules, so British banks licenced by the Bank of England would not have to obtain licences in the EU to do business outside the UK, the group said.
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