Former Malaysian PM’s PR Rep Charged In 1MDB Case

The British public relations representative for Najib Razak, Malaysia’s former prime minister, has been charged in absentia in the 1Malaysia Development Berhad (1MDB) scandal, according to a report from Financial Times. Paul Stadlen is accused of laundering about $3.5 million of illicit funds and putting the money into an account associated with the PM that was run by one of

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Bitcoin Daily: QuadrigaCX’s Crypto Moves To EY; Samsung Unveils Smartphone With Built-In Crypto Key

Most of the wallet contents from digital currency exchange QuadrigaCX have reportedly been sent to Ernst & Young (EY), a monitor appointed by the court for the company, CoinDesk reported. Through the crypto transfer, 51 bitcoins, 33 Bitcoin Cash tokens, 822 Litecoin tokens, 2,000 Bitcoin Gold tokens and 951 Ether were sent to the professional services firm. According to a court

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Neiman Marcus Taps Into The Travel Vertical

Neiman Marcus is expanding its horizons with travel this spring – though not by going anywhere itself. Instead, the department store has announced it will be unveiling its latest campaign in March, titled “The Art of Travel.” According to reports, the themed offering will offer 500 travel-themed exclusives including items like handbags, fine apparel and beauty and wellness products, all of

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Walmart Asda Deal Hits Regulatory Roadblock

It looks like the deal to merge Sainsbury’s with Walmart-owned Asda could be in fatal trouble — after a ruling by the Competition and Markets Authority on a deal that would have created the U.K.’s biggest supermarket chain with a £12 billion ($15.6 billion) deal. “The CMA has provisionally found extensive competition concerns as part of its in-depth investigation,” the regulator

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FinTechs Led Personal Loan Market Last Year

FinTechs, not traditional banks, appear to be preferred method of taking out unsecured personal loans in the U.S., with the market hitting an all-time high last year. That’s according to TransUnion, which – as CNBC reported – released data on Thursday (Feb. 21) about the personal loan market in 2018. The unsecured personal loan market increased 17 percent year-over-year last

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