FILE PHOTO: People pass a sign from the Industrial and Commercial Bank of China (ICBC) at the site of the second China International Import Expo (CIIE) in Shanghai, China on October 31, 2019. REUTERS / Stringer SHANGHAI (Reuters) – China’s securities regulator plans to grant investment banking licenses to commercial …
Read More »Banks too big to fail are mostly a thing of the past, regulators say
LONDON (Reuters) – Reforms to the global financial system following the banking crisis of a decade ago have reduced the risk that taxpayers will have to bail out lenders again, but some gaps have yet to be closed, the Board of Directors said Sunday. Financial Stability (FSB). FILE PHOTO: Office …
Read More »Germany to sever ties to accounting regulator after Wirecard scandal
FILE PHOTO: The headquarters of Wirecard AG, an independent provider of outsourcing and private label solutions for electronic payment transactions, is seen in Aschheim, near Munich, Germany, on April 25, 2019. REUTERS / Michael Dalder / File Photo BERLIN (Reuters) – The German government plans to terminate its contract with …
Read More »Germany’s embattled Wirecard to continue business after insolvency
BERLIN (Reuters) – Wirecard, the German scandal payments company, said on Saturday that it will continue commercial activities after filing for bankruptcy and hopes that judicial authorities will soon appoint a provisional administrator. FILE PHOTO: The headquarters of Wirecard AG, an independent provider of outsourcing and private label solutions for …
Read More »Pakistan’s national airline moves to allay concern over pilot licenses
FILE PHOTO: A police officer stands guard next to a truck loaded with the wreckage of Pakistan International Airlines plane PK8303, in Karachi, Pakistan, May 28, 2020. REUTERS / Akhtar Soomro / File Photo ISLAMABAD / KARACHI, Pakistan (Reuters) – Pakistan’s national airline has written to foreign missions and global …
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