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Showing posts with label 2017 at 12:46PM. Show all posts
Showing posts with label 2017 at 12:46PM. Show all posts

Sunday, May 14, 2017

neural net tries to color b&w photos, ends up hallucinating

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neural net tries to color b&w photos, ends up hallucinating submitted by /u/marmalade_jellyfish
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May 14, 2017 at 12:27PM

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from /u/marmalade_jellyfish

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Banks roll out around-the-clock assistance to mortgage customers – NEWS.com.au

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NEWS.com.au
Banks roll out around-the-clock assistance to mortgage customers
NEWS.com.au
UBank, a subsidiary of National Australia Bank, already has a live functionality on its site to help customers but now it’s rolling out a banking chatbot which is understood to be the first among Australian banks. The chatbot will be able to hold a …

May 14, 2017 at 12:14PM

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Former Oriole Doug DeCinces Convicted For Insider Trading – CBS Baltimore / WJZ

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CBS Baltimore / WJZ
Former Oriole Doug DeCinces Convicted For Insider Trading
CBS Baltimore / WJZ
A California jury was deadlocked on the 18 other charges against the former third baseman. Each of the 17 federal counts carries up to 20 years in prison. The all-star was charged with using non-public information from a friend to make more than a …
Doug DeCinces convicted of insider trading, awaits sentencingESPN
Former MLB Star Doug DeCinces Faces Up to 220 Years in Prison for Insider TradingFortune
Former Angels player Doug DeCinces found guilty of insider tradingLos Angeles Times
GolfDigest.com –Washington Post –CBS Los Angeles –OCRegister
all 61 news articles »

May 14, 2017 at 12:45PM

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Sunday, May 7, 2017

SMEs must embrace technology, develop tech-advanced businesses – Borneo Bulletin Online

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SMEs must embrace technology, develop tech-advanced businesses
Borneo Bulletin Online
This was said by the Acting President of the Brunei Institute of Certified Public Accountants (BICPA), Lee Kin Chee at BICPA’s 30th anniversary National Accounting Forum at The Rizqun International Hotel, Gadong yesterday. … employment pressure …

May 07, 2017 at 12:27PM

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Wednesday, May 3, 2017

Zuma, Corruption and the Arms Deal: The gift that just keeps on giving – Daily Maverick

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Daily Maverick
Zuma, Corruption and the Arms Deal: The gift that just keeps on giving
Daily Maverick
Details in an apparently “explosive” affidavit filed by politically connected attorney, Ajay Sooklal, in the Pretoria High Court and claiming that President Jacob Zuma requested him not to divulge to the Seriti Commission into the arms deal that he …

May 03, 2017 at 12:45PM

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Wednesday, April 26, 2017

Mahindra Finance: down but not out – Livemint

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Livemint
Mahindra Finance: down but not out
Livemint
In its interaction with analysts, the company’s management explained that while fewer new loans are becoming delinquent, old borrowers labelled NPAs are still not able to service their debt. Photo: Bloomberg. The signs are there of rural India limping …

April 26, 2017 at 12:41PM

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Credit Suisse is preparing to tap investors for $4 billion

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Credit Suisse CEO Tidjane Thiam

LONDON — Credit Suisse on Wednesday said it would raise around CHF4 billion (£3.1 billion, $4 billion) by offering new shares to investors. It is halting plans to list part of its Swiss unit on the stock exchange.

Switzerland’s second-largest bank said in a statement on Wednesday that it has “decided not to pursue a partial initial public offering of our Swiss banking subsidiary Credit Suisse (Schweiz) AG, thus retaining full ownership of a historically stable income stream in our home market of Switzerland and avoiding complexity in the business structure and activities of a key division of the Group.”

The move allows the lender to strengthen its capital ratio while maintaining control of a profitable unit. At the same time, Credit Suisse’s share price has recovered from lows hit last year, making the offer of fresh equity more attractive.

“Through the proposed share capital increase, Credit Suisse Group AG intends to strengthen its Common Equity Tier 1 (CET1) capital and gain greater financial flexibility for the implementation of its strategic objectives,” the bank said.

A bank’s capital ratio is a measure of its financial strength and ability to weather losses.

“We expect the capital increase will strengthen our pro forma look-through CET1 ratio to approximately 13.4% and our pro forma look-through tier 1 leverage ratio to approximately 5.1%, based on our end-1Q17 risk-weighted assets and leverage exposures,” Credit Suisse said.

Raising capital to deal with increased global uncertainty and tougher regulations has been part of CEO Tidjane Thiam’s plan since he took over in 2015. He has overhauled the bank’s business model, steering away from the capital-intensive markets business towards providing more services for high-net-worth individuals.

In an interview with Bloomberg News last year, Thiam said: “You cannot see the future, that is a futile activity. What you can do is think through how you’re going to cope with a range of futures and then you define a risk appetite – which is what probably of death are you comfortable with.”

“In life, you should only worry about the bad outcomes. If you raise capital and you’re wrong, it’s ok. If you don’t raise capital and you’re wrong, you die,” he said.

Here’s the chart showing Credit Suisse’s recent share price recovery:cs3At the end of last year, Credit Suisse was hit with a $5.3 billion bill to settle a US Department of Justice investigation into the behaviour of its residential mortgages division leading up to the 2008 financial crisis, pushing the lender to a loss for the year.

In the quarter the settlement was announced, Credit Suisse reported a capital ratio of 11.6%, down from 12.5% before the DOJ settlement but higher than the 10.2% ratio when the bank’s new strategy began in October 2015.

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NOW WATCH: HBS professor on Wells Fargo: ‘Clawbacks are nice but they’re not really solving the problem in a deep way’

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April 26, 2017 at 12:40PM

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from Ben Moshinsky

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