Treasury Secretary Scott Bessent’s multibillion-dollar bailout of a serial defaulter raises the specter of losses for the United States.
Tag: Banking and Financial Institutions
Brazil’s Homegrown Payment System Is Target of Trump Administration
Brazil’s fast and free homegrown digital payment system, PIX, has become wildly popular. The Trump administration says it unfairly undercuts U.S. companies.
Is the Economy as Healthy as Trump Claims?
As the Fed meets, we examine the nation’s economic health.
China Exit Ban on Wells Fargo Executive Stokes Foreign Business Anxiety
A Wells Fargo banker and a U.S. government employee were blocked from leaving, and a Japanese pharmaceutical executive was imprisoned, even as Beijing tries to court overseas investors.
Cairo Telecommunications Building Hit With 2nd Fire in a Week
A blaze on Thursday at one of Egypt’s main telecommunications hubs was extinguished, days after a larger fire there killed four people and disrupted internet, transport and banking services.
Cairo Telecommunications Building Hit With 2nd Fire in a Week
A blaze on Thursday at one of Egypt’s main telecommunications hubs was extinguished, days after a larger fire there killed four people and disrupted internet, transport and banking services.
An Investor Took on Hong Kong Tycoons Faces a Tougher Foe
David Webb spent decades exposing shady financial dealings. But doctors say he has months to live, and he hasn’t found anyone willing to carry on his mission.
U.S. Accuses Three Mexican Financial Firms of Aiding Fentanyl Trade
“We neither deny nor accept this,” Mexico’s president said about U.S. accusations that Mexican firms laundered millions of dollars in connection with fentanyl trafficking.
Bank Transfer Signals Syria Is Making Strides in Ending Economic Isolation
The bank-to-bank transfer using the SWIFT system was symbolically important, indicating the war-torn country was reintegrating into the global financial community.
The Dark Side of China’s Gold Frenzy
Chinese investors have poured their savings into gold, attracted by promises of rising prices. One company’s sudden closure is a cautionary tale.