WASHINGTON (Reuters) – The US economy will have a slower-than-expected recovery amid a surge in new cases of coronavirus across the country, and a broad second wave of the disease could cause economic pain deepen again, Federal Reserve officials warned Tuesday. . FILE PHOTO: The Federal Reserve Board building on …
Read More »BoE Governor Warns Lenders About Challenges Of Negative Interest Rates
FILE PHOTO: Bank of England Governor Andrew Bailey poses for a photo on the first day of his new role at the Central Bank of London, Britain, March 16, 2020. Tolga Akmen / Pool via REUTERS (Reuters) – Bank of England (BoE) Governor Andrew Bailey wrote a letter to lenders …
Read More »Former Wirecard Marsalek COO’s entry to the Philippines was falsified, says minister
MANILA (Reuters) – Immigration records showing former Wirecard chief operating officer Jan Marsalek arrived in the Philippines on June 23 and left for China the next day were forged, the Philippine attorney general said Saturday, Menardo Guevarra. FILE PHOTO: The logo of Wirecard AG, an independent provider of outsourcing and …
Read More »The Fed’s balance sheet shrinks further, and there are still no Main Street loans
FILE PHOTO: The Federal Reserve Board building on Constitution Avenue is pictured in Washington, USA, on March 19, 2019. REUTERS / Leah Millis (Reuters) – The massive reserve of bonds and other assets of the US Federal Reserve fell for the third consecutive week to its smallest size since mid-May, …
Read More »Who is to blame for Wirecard? Germany spends money
FRANKFURT (Reuters) – Germany’s accounting watchdog has denied blame for failing to spot problems at collapsed payments company Wirecard, the latest in a series of agencies to shirk responsibility after the country’s biggest accounting scandal. . FILE PHOTO: The logo of Wirecard AG, an independent provider of outsourcing and private …
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