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IF you want to know why nearly 40 million leaked documents on the salting away of assets in offshore financial centers have failed to result in comprehensive change since the revelations started eight years ago, Billie Holiday provides a clue: “Them that’s got shall get; them that’s not shall lose. So the Bible said, and it still is news.”
IT’S meant to be the ultimate metric for gauging how clean European banks are. But some in the industry say it will be flawed from the get-go.
ZURICH: Swiss bank UBS on Tuesday posted a 63% rise in second-quarter net profit, as buoyant markets continued to help the world's largest wealth manager generate higher earnings from managing money for the rich.
European Parliament to call for Beijing Winter Olympic boycott and sanctions on Hong Kong leaders over Apple Daily closure
The Parliament is expected to support a motion that expresses concern about the ‘dismantling of the city’s free society’The non-binding motion also urges Brussels to impose ‘targeted sanctions’ on the city’s leaders, including Chief Executive Carrie Lam
BRUSSELS (Reuters) -The European Union imposed wide-ranging economic sanctions on Belarus for the first time on Thursday, targeting its main export industries and access to finance a month after it forced a Ryanair flight to land in Minsk.
LONDON: A rapid and chaotic energy transition would leave Europe’s biggest banks in financial peril comparable to the subprime crisis that United States lenders faced in 2008.
THE degree to which bankers will be back in the office after the pandemic looks very different depending what side of the Atlantic you’re on.