The currency rules as described by the governor of China’s central bank are practically identical to what Beijing promised in 2016.
Tag: Banking and Financial Institutions
Brexit: For Wall Street Banks in London, It’s Moving Time
One thing is clear about the legacy of Brexit: Financial services will be spread across Europe, with no one city again dominating the financial arena as London has.
U.S. Private Equity Investor Detained in Moscow on Fraud Charges
Michael Calvey, founder of one of the biggest and oldest investment firms in Russia, was detained on Friday along with five other.
National Australia Bank Chiefs to Resign in Wake of Damaging Report
The big lender had been singled out for its business practices and what an official report said was little likelihood of change under its top executives.
Australian Banks Overcharged Clients, Even After Some Died, Report Finds
A government-appointed commission called for tougher regulations on the country’s financial industry, but a softening economy could hinder efforts to rein it in.
Venezuelan Opposition Leader Guaidó Controls U.S. Bank Accounts, State Dept. Says
The State Department’s decision to turn over assets and property to Juan Guaidó is part of a Trump Administration effort to oust President Nicolás Maduro.
China Pours $218 Billion Into the Economy as Growth Slows
The Chinese central bank’s move is intended to send a signal that Beijing is ready to stem a slowdown that has darkened the global outlook.
Unrest in France Hinders Macron’s Push to Revive Economy
The Yellow Vest protests roiling the country have cost businesses billions of euros and threatened President Emmanuel Macron’s strategy for growth.