The bank is facing scrutiny as it debates how to compensate victims of abuse at Kenyan schools that it was financing.
Tag: Banking and Financial Institutions
Divisions Among Finance Ministers Flare Over Seizing Russian Assets
France’s finance minister, Bruno LeMaire, said there was no legal rationale for giving the Russian central bank funds to Ukraine.
U.S. Imposes Major New Sanctions on Russia, Targeting Finance and Defense
The Biden administration, responding to the death of Aleksei A. Navalny, unveiled its largest sanctions package to date as the war in Ukraine enters its third year.
A Russian Bank Account May Offer Clues to a North Korean Arms Deal
Moscow may be trying to help Pyongyang with access to the international financial system in exchange for missiles and ammunition, U.S.-allied intelligence officials suggest.
Bank of America Pledged to Stop Financing Coal. Now It’s Backtracking.
The changes come as Republican lawmakers step up efforts to punish businesses that consider climate change and the environment in their operations.
U.S. Leading Soft Landing for Global Economy
Economies all over the world are lowering inflation while avoiding serious recession — but growth in the United States stands out.
Iceland Scrambles to Shelter Residents Made Homeless by Volcanic Eruption
In a country of fewer than 400,000, finding places for 3,700 residents is complicated by a tough housing market.
U.S. to Clamp Down on Financial Firms That Help Russia Buy Military Supplies
President Biden signed an executive order granting the Treasury Department broader powers to curb the flow of weapons components.
U.S. and Europe Eye Russian Assets to Aid Ukraine as Funding Dries Up
Despite legal reservations, policymakers are weighing the consequences of using $300 billion in Russian assets to help Kyiv’s war effort.
The Debt Problem Is Enormous. Experts Say the System for Fixing It Is Broken.
Economists offer alternatives to financial safeguards created when the U.S. was the pre-eminent superpower and climate change wasn’t on the agenda.