newszine

Goldman Sachs faces criminal charges in Malaysia for helping billions vanish from state fund

1 hour ago DieselGasoil Comments Off on Goldman Sachs faces criminal charges in Malaysia for helping billions vanish from state fund
Malaysia filed criminal charges against Goldman Sachs and two ex-bankers over the multi-billion dollar looting of state fund, 1MDB. The US bank denies the accusation, claiming it was deceived by the previous Malaysian government. The subsidiaries of the Wall Street banking giant and its former key employees, ex-chairman of Goldman’s South East Asia, Tim Leissner, Read More

Yellow Vest movement blowback to financial crisis that never ended – RT’s Keiser Report

3 hours ago DieselGasoil Comments Off on Yellow Vest movement blowback to financial crisis that never ended – RT’s Keiser Report
Current events happening in France or the so-called #GiletsJaunes movement is a blowback of the financial crisis of 2008, say Max and Stacy from RT’s Keiser Report. “We sit on the brink of more revolution, maybe perhaps a French Spring or French Winter. This is ten years after the financial collapse whereby all of our Read More

Italy's UniCredit settles dispute with Caius

8 hours ago DieselGasoil Comments Off on Italy's UniCredit settles dispute with Caius
Unicredit bank logo is seen in the old city centre of Siena, Italy June 29, 2017. REUTERS/Stefano Rellandini MILAN (Reuters) – British hedge fund Caius has made a payment to UniCredit (CRDI.MI) to settle a dispute over complex financial instruments which Italy’s biggest bank counts toward its core capital, the two companies said. Caius had Read More

Goldman, Morgan Stanley gain clout in Brazil as NY IPOs grow

24 hours ago DieselGasoil Comments Off on Goldman, Morgan Stanley gain clout in Brazil as NY IPOs grow
SAO PAULO (Reuters) – Goldman Sachs Group Inc (GS.N), Morgan Stanley(MS.N) and Bank of America Merrill Lynch(BAC.N) are regaining clout in Latin America’s largest economy as Brazilian companies opt to list shares in New York instead of on their local exchanges, Refinitiv data shows. A sign is displayed on the Morgan Stanley building in New Read More

Australia bank NAB's CEO to take long holiday around inquiry report release

1 day ago DieselGasoil Comments Off on Australia bank NAB's CEO to take long holiday around inquiry report release
NAB Group CEO Andrew Thorburn poses for a photocall outside their office in Sydney, Australia May 2, 2018. REUTERS/Edgar Su SYDNEY (Reuters) – National Australia Bank Ltd (NAB.AX) said on Monday its CEO will take about two months leave around the scheduled release of a major report into the country’s finance sector, prompting a rebuke Read More

Ten years on, Fed's long, strange, trip to zero redefined central banking

2 days ago DieselGasoil Comments Off on Ten years on, Fed's long, strange, trip to zero redefined central banking
WASHINGTON (Reuters) – ZIRP. ZLB. ELB. FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie/File Photo Whatever the acronym, when the U.S. Federal Reserve dropped its policy rate to near zero on Dec. 16, 2008, to counter a full-scale economic crisis, it ushered in what the central Read More

Top 10 countries the super-rich call home

2 days ago DieselGasoil Comments Off on Top 10 countries the super-rich call home
Aggregate global wealth grew by $14 trillion, hitting an enormous figure of $317 trillion over the 12 months through the end of October, according to latest Global Wealth Report, revealed by Credit Suisse’s Research Institute. The growth rate of nearly 4.6 percent was reportedly lower than last year, but higher than the average growth rate Read More

Barclays promotes 85 in investment bank to managing director

4 days ago DieselGasoil Comments Off on Barclays promotes 85 in investment bank to managing director
FILE PHOTO: Traders work on the trading floor of Barclays Bank at Canary Wharf in London, Britain December 7, 2018. REUTERS/Simon Dawson LONDON (Reuters) – Barclays has promoted 85 executives in the international division that houses its investment bank to the rank of managing director, the British lender said on Friday. The promotions represent an Read More