Analysis: Brazil central bank autonomy becomes political punching bag for Lula
Brazil’s central bank newfound independence that was designed to shield it from politics has turned it into a convenient punching bag for the new government that can use it to fire up its leftist base and blame it for economic woes.
KPMG escapes record fine over Carillion, Regenersis audit checks
KPMG was fined 14.4 million pounds ($17.27 million) on Monday after the accounting firm admitted to providing false and misleading information to its regulator during spot checks on audits of construction firm Carillion and outsourcing firm Regenersis.
Hong Kong’s top finance executives bank on city to thrive as gateway to China
In 1997, the world watched as Britain returned Hong Kong to Chinese rule, with some pessimistic or wary about the outlook for the city and its role in the global financial system.
EXCLUSIVE Scandal-hit Credit Suisse considers creating single private bank -sources
Credit Suisse (CSGN.S) is considering centralising the management of its bankers to the world’s wealthy, replacing a regional structure, three sources said, as part of efforts to fast-track an overhaul after a series of scandals.
