On Tuesday, Nomura reported a $2.3 billion hit from the collapse of U.S. investment fund Archegos, causing it to log […]
Tag: financial
Huge Euro Zone Banks Have Been Under- Reporting Their Risky Assets
On Monday, the European Bank said that, large euro zone banks have been under-reporting their risky assets by 275 billion […]
Seven Financial Institutions Are Fined $31 Million By China
On Friday, China’s banking and insurance watchdog fined seven financial institutions a total 199.5 million yuan ($30.85 million) for irregularities […]
British Economy Grew Faster Than Expected
Britain’s economic recovery from its coronavirus meltdown was a bit faster than previously thought in the July-September period, according to […]
Financial Times Reports That HSBC Is Considering Exiting From U.S. Retail Banking
On Saturday FT reported that. HSBC Holdings Plc is considering a complete exit from retail banking in the United States […]
According to Sources Italy Chooses Bank Of America And Orrick To Advise On MPS Privatization
Sources told Reuters that Italy’s Treasury has selected Bank of America (NYSE:BAC) and Orrick as financial and legal advisers to […]
Mexico Central Bank Chief Says “Halt” On Cuts Gives Alternatives
A pause in its cycle of interest rate cuts gives policymakers choices depending on trends in inflation and that the […]
Exabeam buys the Islamic Cloud Formation firm
California-based cybersecurity Exabeam firm said on Tuesday it was awarded SkyFormation, an Israeli security cloud application company. Financial details have […]
Brexit risk, global regulators focused on looser lending.
On Tuesday, the chairman of the Financial Stability Board (FSB) said that global financial regulators are developing a coordinated oversight […]
Google launches global council to advise on AI and tech ethics
Alphabet (NASDAQ:GOOGL) Inc’s Google said on Tuesday it was launching a global advisory council to consider ethical issues around artificial […]
