The governor had already announced plans to spend about 60 percent of the $ 5.4 billion in surplus funds, which were the state's share of large settlements with major financial firms. (politico.com)
Q: Why do you suppose so few people in risk management, and senior management at major financial firms, were unwilling to consider alternative views of the sustainability of the risks being taken as the risks got larger and larger relative to the equity of individual companies, the industry as a whole, and the economy as a whole? (alephblog.com)
The company has set its sights on an starry - eyed goal: supplanting the SWIFT interbank money transmission service and angling for XRP to become a global reserve currency held by major financial firms in order to facilitate foreign exchange markets. (fortune.com)