financial system

Bank of England tells banks to take climate action now or face profit hit

Banks and insurers that fail to manage climate risks as a "first-order" issue could face a 10% to 15% hit…

4 years ago

Cryptoverse: Venture capitalists catch crypto fever

Venture capital is making a big move on crypto in 2022.

4 years ago

Russia’s Sberbank in Europe faces closure after savers demand money

The European arm of Sberbank (SBER.MM), Russia's biggest lender, faces failure, the European Central Bank (ECB) warned on Monday, after a…

4 years ago

Russia to temporarily ban foreigners from selling assets

Russia will temporarily stop foreign investors from selling Russian assets to ensure they take a considered decision, not one driven…

4 years ago

Russia hikes rates, introduces capital controls to defend against sanctions

Russia's central bank more than doubled its key policy rate on Monday and introduced some capital controls as it scrambled…

4 years ago

EXCLUSIVE Contracts show Lebanon’s central bank obscured recipients of commissions

For more than a decade, Lebanon's central bank charged commercial banks in the country commissions when they bought government securities…

4 years ago

EXCLUSIVE China securities regulator met foreign banks to soothe economic concerns

The China Securities and Regulatory Commission (CSRC) met this week with executives at top western banks and asset managers to…

4 years ago

Analysis: A digital dollar is years away as U.S. Fed kicks issue to Congress

While the Federal Reserve's paper on potentially adopting a central bank digital currency (CBDC) will advance debate in Washington, its…

4 years ago

Can a more secure financial system help raise Bhutan’s Gross National Happiness?

By Kanokpan Lao-Araya, Carlo Antonio Garcia Bhutan is working to decrease opportunities for money laundering while increasing the security of the financial…

5 years ago
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