Tag Archives: Ezubao

Your daily dose of financial news

BY: Michael D. Reif | February 8, 2016

Friday’s jobs report was disappointing as compared to the month earlier, but it contained news of a half a percentage point increase in average hourly earnings that pleased some economists who have been worrying about stagnant wages – NYTimes This weekend’s Fair Game, coming on the heels of Barclays and Credit Suisse’s $154 million settlement … Continue reading

Your daily dose of financial news

BY: Michael D. Reif | February 2, 2016

News has emerged from China that online finance company Ezubao, a purported peer-to-peer lender, was running a Ponzi scheme that “bilked investors out of more than $7.6 billion, spent lavishly on gifts and salaries and buried the evidence” – NYTimes and Law360 and WSJ Don’t expect yesterday’s announced Barclays/Credit Suisse settlement to be the end … Continue reading