The Dodd-Frank financial law succeeded at making banks safer, but empowered shadowy corners of finance that nearly wrecked the system in March.
Tag: Banking and Financial Institutions
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.
Behind Wirecard’s Collapse: Allegations of Lies, Spies and Missing Billions
Markus Braun built Wirecard to “conquer the world,” but those aspirations attracted skeptics. Its accounting scandal has sent shock waves through Germany.
NYT > World News 2020-05-20 07:45:30
Stock Market News During the Coronavirus Pandemic
Stocks Waver as Powell and Mnuchin Face Lawmakers: Live Updates
Live Stock Market News During the Coronavirus Pandemic
Ukraine Passes a Critical Anticorruption Bill
The Parliament approved a measure to stop insiders from siphoning aid money, but other forms of fraud persist.
A Philosopher-Banker Who’s Shaking Up a Nation
Steven Coutinho had long wanted to help Suriname, his homeland, overcome its colonial past. A huge financial scandal gave him his chance.
While the World Spends on Coronavirus Bailouts, China Holds Back
Beijing has tried to protect jobs and spur lending, but it may have to do more to get its huge, damaged and incredibly complex economy going again.