Christine Lagarde, the bank’s new president, is facing her first big crisis. She doesn’t have much room to maneuver.
Tag: Banking and Financial Institutions
Finance Ministers Grapple Over Economic Threat of Climate Change
The United States, under pressure from Europe, agreed to include a climate reference in an official G20 statement.
Africa’s Richest Woman Is Barred From Her Bank and Under Investigation
A trove of leaked documents showed how Isabel dos Santos, the daughter of Angola’s ex-president, exploited the country’s wealth to enrich herself.
Iran’s Grim Economy Limits Its Willingness to Confront the U.S.
Fearful of public anger over a plunging economy, Iran’s leaders appear to be turning inward, pulling back from escalation.
How a Chase Bank Chairman Helped the Deposed Shah of Iran Enter the U.S.
The fateful decision in 1979 to admit Mohammed Reza Pahlavi prompted the seizure of the American Embassy in Tehran and helped doom the Carter presidency.
Bank of England Audio Was Leaked, Giving Some Traders an Edge
The British central bank says a supplier, without authorization, provided sound from news conferences ahead of the video feed.
Iran Says It Was Hit With ‘Very Big’ Cyberattack
The assertion came after details on 15 million Iranian bank accounts were published on social media. The breach followed nationwide protests crushed by the government.
How Aramco’s Huge I.P.O. Fell Short of Saudi Prince’s Wish
As investors balked, some bankers and Saudi officials still hoped to achieve the crown prince’s target price of $2 trillion. They wound up settling for less.
Inside a Brazen Scheme to Woo China: Gifts, Golf and a $4,254 Wine
Confidential documents detail Deutsche Bank’s influence campaign and hiring practices in China. More than 100 relatives of top Communist Party officials got jobs.
China Injects $126 Billion Into Its Slowing Economy
The move comes as Beijing fights a costly trade war with the United States while looking for ways to keep its growth going.