New figures suggest the Chinese slowdown is bottoming out. Credit goes to a wave of lending, but economists warn that debt-fueled growth can’t continue.
Tag: Banking and Financial Institutions
Turkey to Investigate JPMorgan Over Charges It ‘Caused Volatility’ in the Markets
With days until local elections, Turkey’s banking regulator accused JPMorgan Chase and other banks of issuing “misleading and manipulative” investment advice.
Hungary Rolls Out Red Carpet for Obscure Russian Bank, Stoking Spy Fears
As the United States tries to blunt Russian influence, Hungary’s far-right leader is increasingly building bridges to Moscow.
U.S. and China Near Currency Deal, but Provisions May Not Be New
The currency rules as described by the governor of China’s central bank are practically identical to what Beijing promised in 2016.
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.