I think I understand why Facebook Chief Executive Officer Mark Zuckerberg hasn’t publicly responded to the Cambridge Analytica scandal. He’s stuck in a catch-22. Any fix for Facebook’s previous big problem — fake news — would make the current big problem with data harvesting worse. As a media company and one of Americans’ top sources of information, Facebook’s de facto ...

Bloomberg Banks that spent years lobbying against billions of dollars of new capital requirements are being rewarded for their efforts. They won concessions from global regulators that may cut the amount of extra capital the industry’s biggest companies will need in 2022, when the new market-risk rules are due to take effect. The proposed revisions will come as a relief ...

Bloomberg For Australian banks the jabs just keep coming — and not always from the most expected sources. Australia & New Zealand Banking Group Ltd. (ANZ Bank) is facing a civil suit in Guam over lending standards at its American Samoa offshoot. Two retired US military veterans claim the Melbourne-based bank is liable for “systematic violations of the Truth in ...