BEIJING (Reuters) – China must protect against all handball in off-balance sheet loans in the so-called shadow banking sector, and must have non-executive assets available as soon as possible, the head of the country’s banking and insurance regulator said on Sunday. In recent years, China has struggled on the shadow …
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(Reuters) – Bank of America Corp saw its earnings more than half in the second quarter as it set aside $ 5 billion against future credit losses in what its top boss called the “most tumultuous period since the Great Depression.” FILE PHOTO: A Bank of America building is seen …
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(Reuters) – The Paycheck Protection Program appears to have thrown a critical safety net under the US mid- and upper-middle-income jobs, but faltered when it comes to lower-paid jobs and industries hardest hit by the coronavirus pandemic, according to a Reuters analysis of the loan details. FILE PHOTO: People visit …
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BERLIN / FRANKFURT (Reuters) – German prosecutors said on Monday they had arrested the head of a Dubai-based Wirecard subsidiary, widening the circle of suspects in a multi-million dollar fraud investigation into the collapse of the payment company. FILE PHOTO: The logo of Wirecard AG, an independent provider of outsourcing …
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BERLIN / FRANKFURT (Reuters) – German prosecutors said on Monday they had arrested the head of a Dubai-based Wirecard subsidiary, widening the circle of suspects in a multi-million dollar fraud investigation into the collapse of the payment company. FILE PHOTO: The logo of Wirecard AG, an independent provider of outsourcing …
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