Industry
Federal Reserve Chair Janet Yellen says central bank has no authority to regulate digital currency
In her testimony before the Senate Banking Committee, Federal Reserve Chair Janet Yellen said that the Fed does not possess any authority to supervise the Bitcoin, The Wall Street Journal blog MoneyBeat reported.
To avoid overpayment, private equity fund managers say steering clear of traditional buyouts necessary
Private equity fund managers are employing approaches other than traditional buyouts so they can avoid overpaying for Western companies as competition pushes valuations higher, Reuters reported.
More corporations support technology startups through accelerators
After years of putting young firms at the backseat, more corporations are now financing early stage startups in the technology space through accelerator programs, TechCrunch reported.
Deloitte report shows small European firms successfully dealing with bank cuts through financing from alternative lenders
Alternative lenders are filling in the shoes of commercial banks in Europe that have reduced lending, allowing small firms to still raise funds, Bloomberg reported.