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Morning Scan: All the big stories to get you started for the day

Morning Scan: All the big stories to get you started for the day
Moneycontrol
3 hours ago
Surrogate ads face stricter rules
The Advertising Standards Council of India (ASCI) has brought in more stringent rules to clamp down on surrogate advertising of tobacco and liquor, says The Times of India.
Why it’s important: Distribution of these new brand extensions has become easier with the boom in e-commerce.
Earlier surrogate advertising used to entail bottled water, soda, music CDS or even an airline (Kingfisher).
Fresh norms: Extensions of liquor and tobacco brands that have been launched, but haven’t yet completed two years, need to achieve a net sales turnover of Rs 20 lakh per month from launch. ....

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Yellen calls FSOC back to order; Boston Fed, MIT working on digital dollar

Yellen calls FSOC back to order; Boston Fed, MIT working on digital dollar
americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.

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Chopra's confirmation hearing; Goldman is back in the bitcoin business

CFPB nominee says he will focus on inaccurate credit reports and borrowers behind on housing payments; the bank is reopening its trading desk as cryptocurrencies gain wider acceptance. ....

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Walmart's banking ambitions; Klarna arms up

After hiring two Goldman executives, the retailer could be looking to partner with more banks or become one; the buy now-pay later company is now worth $31 billion and seeking acquisitions. ....

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The Fraser era begins; Goldman's consumer finance chief jumps to Walmart

Jane Fraser, the first woman to head a U.S. mega bank, tries to refresh Citigroup; Omer Ismail, the head of its Marcus unit, will head the retail giant’s new fintech startup. ....

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