Liu Liange is the latest financial executive to be caught up in Chinese President Xi Jinping’s anticorruption campaign. Liu Liange, the ex-chairman
Tag: Banks
Why is Goldman Sachs suing Malaysia over 1MDB scandal? | Corruption News
The United States investment bank Goldman Sachs has sued Malaysia in a London arbitration court amid rising tension over a settlement deal
India’s Bank of Baroda expose worsens: Agents steal money from accounts | Business and Economy News
Dehradun, India – India’s Bank of Baroda made it simple and easy for its agents to steal money from the accounts of
US jobs growth exceeds expectations, fuels interest rate hike fears | Business and Economy News
The US economy added 336,000 jobs in September, far more than many economists expected. A blowout US jobs report on Friday sent
What risks do China’s shadow banks pose to the economy? | Business and Economy
Zhongrong, one of China’s largest trusts, missed payments to clients in August. China’s secretive shadow banking industry includes gigantic financial institutions and
JPMorgan processed more than $1bn for Epstein, US Virgin Islands says | Banks
JPMorgan reported Epstein transactions as suspicious to the US Treasury Department, lawyer says. A lawyer for the US Virgin Islands has said
Why are central banks hoarding gold? | Business and Economy
The World Gold Council says gold purchases in the first half of this year were the highest on record. Gold is precious
US places sanctions on Myanmar’s defence ministry, banks | Business and Economy News
Military has used foreign sources, including Russian entities under sanctions, to purchase and import arms, Washington says. The United States has imposed
Canada freezes ties with AIIB after ‘communist dominance’ claims | Banks News
Canada has said it is freezing ties with the China-led Asian Infrastructure Investment Bank (AIIB) while it investigates claims by a former
UBS is wealth management behemoth after Credit Suisse takeover | Business and Economy News
UBS on Monday said it had completed its emergency takeover of embattled local rival Credit Suisse, creating a giant Swiss bank with
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