LONDON (Reuters) – Banks using Britain as a gateway to the European Union must fully implement their plans to serve EU customers before the end of the Brexit transition period in December, it said on Wednesday. EU banking watchdog. FILE PHOTO: British Union Jack and EU flags are displayed at …
Read More »Goldman to pay Malaysia $ 3.9 billion for 1MBD scandal, closure of US deal
KUALA LUMPUR / NEW YORK (Reuters) – Goldman Sachs will pay $ 3.9 billion to resolve Malaysia’s criminal investigation into the role of the US investment bank in the 1MDB multi-million dollar scandal, closing a key front in the multi-jurisdictional investigation that has been over Goldman. Shares of Goldman Sachs …
Read More »Exclusive: Global Banks Analyze Their Hong Kong Clients For Pro-Democracy Ties
HONG KONG (Reuters) – Global wealth managers are examining whether their clients in Hong Kong have ties to the city’s pro-democracy movement, in a bid to avoid being caught in the sights of China’s new national security law, according to six knowledgeable people. of the question. FILE PHOTO: A Star …
Read More »Boring bank clients flock to daily trading platforms during the pandemic
FILE PHOTO: Pedestrians are reflected in the window as customers transact at a Bank of America ATM in Washington on July 19, 2011. REUTERS / Kevin Lamarque / File Photo (Reuters) – Retail investment is having a moment. Top U.S. brokerage firms reporting quarterly results this week applauded the self-directed …
Read More »BlackRock profit beats Street estimates as markets recover
(Reuters) – BlackRock Inc (BLK.N) The results beat Wall Street estimates on Friday, aided by investors who turned to the world’s largest asset manager’s bond funds in the second quarter, as global financial markets rebounded strongly from a brutal liquidation triggered by COVID in March. FILE PHOTO: People are seen …
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