Beijing’s tech crackdown could imperil the innovation that brought modern finance to underserved people — but also led to concerns about reckless lending and borrowing.
Tag: Banking and Financial Institutions
As Lebanon’s Crisis Deepens, Lines for Fuel Grow, and Food and Medicine Are Scarce
The World Bank said the financial crisis could rank among the world’s three worst since the mid-1800s. The currency has lost more than 90 percent of its value and unemployment has skyrocketed.
China’s Biggest ‘Bad Bank’ Tests Beijing’s Resolve on Financial Reform
Chinese regulators say they want to clean up the country’s financial system, but a state-owned conglomerate may ultimately get in the way.
British Fraud Unit Is Investigating Gupta and Greensill
The inquiry will focus a spotlight on a steel magnate and a financier whose business collapse has provoked a scandal in Britain.
Sanctions on Russian Debt Are Called a ‘First Salvo’ That Sends a Message
The curbs on U.S. banks’ purchases of some bonds apply to a small portion of the market but could signal a sharper aim at Russia’s access to global capital.
With a Big Tax Break, Hong Kong Tries to Soothe the Rich
Beijing, which can’t afford to let its attack on civil liberties scare away global banks and financiers, is offering them a big tax break and other perks.
Greensill Capital: The Collapse of a Company Built on Debt
Greensill Capital promised a win-win for buyers and sellers, until it all fell apart, igniting concerns about opaque accounting practices.
China Charges Ahead With a National Digital Currency
The electronic Chinese yuan is now being tested in cities such as Shenzhen, Shanghai and Beijing. No other major power is as far along with a homegrown digital currency.
Mario Draghi Saved the Euro. Can He Now Save Italy?
Mario Draghi has broad support as he tries to form a new government and restore Italy’s credibility and clout in Brussels. But Italian politics is a dangerous place for an enigmatic technocrat.
Brexit Deal Done, Britain Now Scrambles to See How It Will Work
Britain is finally departing from the European Union, but its formal exit is only the beginning of a high-stakes experiment to unstitch commercial relations across an integrated continent.