Euronet Worldwide has trumped Alibaba's bid for MoneyGram, valuing the company at more than US$1 billion. Via Ant Financial, China's Alibaba lobbed its own bid in late January. Chinese authorities are preparing regulations to reduce risks from the rapid growth of online small-loan companies that have little expertise in risk control, reports the Financial Times. This move comes in the wake of aggressive enforcement of new rules on P2P lending, with rules to cap P2P loans at Rmb200,000 for an individual and Rmb1m for a company. They also forbid peer-to-peer lenders from operating "fund pools" that allow platforms to fund payouts on maturing investment products with inflows from new product sales. The goal of the ban on fund pools is to force P2P groups to serve as pure intermediaries that match investors with loans. The second annual survey by the UK's Banking Standards Board discovered that one in eight bankers (13 per cent) believe it's difficult to progress in their careers without "flexing ethical standards" while more than a third worry about the negative consequences of voicing any concerns, according to the Financial Times. About 28,000 employees at 22 banks and building societies in the UK took part in the 37-question survey. One "deeply worrying" finding for Colette Bowe, who chairs the BSB, was that only two-thirds of bank staff said they saw no conflict between their organisation's values and how it did business. She said that implied a large number of conflicted bankers.