Word: relatedness
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But what does that actually mean, dumbed down? Whitney's question was specifically about Citi's $1.7 billion in investment-banking profits in Europe, and Kelly's eventual answer was basically just that business had been good. But bank financial statements are never that simple: Citi's overall investment-banking...
On a related note, I can say I paid my taxes this year.
Guatemala has long been a drug transshipment point between South and North America. But only in recent years have investigators begun to see how firmly a narco-economy is taking hold there, which is always bad news for small, poor and corrupt countries like Guatemala. Experts say it's hard...
Guatemala has made some strides against money laundering since 2001. That's when the nation landed on the Organization for Economic Cooperation and Development's Financial Action Task Force (FATF) list of "noncooperative" countries. That year Guatemala finally criminalized money laundering, setting prison sentences of up to 20 years and...
Obama's visit has a little more security than that of most U.S. tourists. Amid almost 8,000 drug-related murders here since January 2008, more than 4,500 Mexican police are being sent out to protect Obama in the few central Mexico City locations he will visit. He is...