An immigrant from Lebanon, he earned a reputation as a canny dealmaker overseeing a family banking empire reaching from São Paulo to Geneva to New York.
Tag: Banking and Financial Institutions
Bank of England Rebuked Over ‘Missing’ $67 Billion of Cash
A parliamentary committee found about 50 billion pounds worth of cash in circulation is not being spent, and blasted the bank for a lack of “curiosity” about where it is.
Turkey’s Finance Minister Resigns Amid Pressures of Sliding Economy
President Recep Tayyip Erdogan’s son-in-law, who is known for his ties to the Trump White House, said he was quitting as Turkey’s lira tumbles and its economy worsens.
Turkish Bank Case Showed Erdogan’s Influence With Trump
New details of the Justice Department’s handling of the accusations against Halkbank reveal how Turkey’s leader pressured the president, prompting concern from top White House aides.
For Refusing a Drink, a Chinese Worker Was Slapped in the Face
A Chinese bank apologized for the “drunken misconduct” of two directors at a work dinner. The episode led to scrutiny of the country’s professional drinking culture.
As Smoke Clears in Beirut, Shock Turns to Anger
As residents picked up the pieces, many saw the explosion as the culmination of years of mismanagement and neglect by Lebanon’s political leaders.
A Hedge Fund Bailout Highlights How Regulators Ignored Big Risks
The Dodd-Frank financial law succeeded at making banks safer, but empowered shadowy corners of finance that nearly wrecked the system in March.
Bartering Child’s Dress for Food: Life in Lebanon’s Economic Crisis
A TV chef abandons unaffordable beef. Blackouts make for sweltering summer nights. Changing money feels like a drug deal: The financial meltdown means daily pain and a blow to a country’s pride.
Our Cash-Free Future Is Getting Closer
The pandemic is propelling a shift toward a cashless society in ways that no other single event has. Experts say that’s not necessarily a good thing.
Teetering Independence of Ukraine’s Central Bank Tests a Key I.M.F. Demand
The International Monetary Fund agreed to lend Ukraine $5 billion over 18 months while stressing the importance of central bank independence. Three weeks later, the central banker quit, citing political pressure.