The largest bank in Japan issued an apology on Monday for the suspected theft of over 1 billion yen ($6.6 million) from clients’ safe deposit
Category: Money Matters
Multilateral banks can lend an additional $500b before cash shortages and downgrades. – Fitch
After reviewing its standards for assessing supranational institutions, Fitch stated in research released on Wednesday that twelve of the biggest multilateral development banks could extend
World Bank launches a credit and guarantee platform of $20b for developing economies.
The World Bank Group announced on Monday that it had launched a new one-stop shop for loan and investment guarantees. With this platform, the organization
Singapore’s banking sector poses the highest money laundering risk. – Report.
The government of Singapore stated in money laundering risk assessment report released on Thursday that the city-state’s banking industry, particularly wealth management, presents the greatest
GoFundMe has raised over $30b through its crowdfunding platforms from Gen Z and millennials.
Since 2010, GoFundMe crowdsourcing campaigns have raised $30 billion, the fundraising site revealed on Tuesday. This is because younger generations are increasingly making donations outside
Swiss regulator’s review of over 30 banks reveals that Switzerland remains a haven for money laundering.
Switzerland’s financial markets regulator stated on Thursday that a thorough investigation of more than 30 banks this spring revealed that “a large number” did not
Warren Buffett gifts Berkshire Hathaway stock worth $27m to a charity, making a total giveaway of $50b.
Warren Buffett, an investor, has given an unidentified charity $27 million worth of Berkshire Hathaway stock. Buffett revealed in a filing with the Securities and
Italy proposes a 40% excess profit tax on banks to bridge social equity.
Following the Cabinet’s approval of a plan to impose a 40% tax on some bank earnings this year to assist consumers and businesses in adjusting
Silicon Valley Bank was the gold standard for Tech entrepreneurs.
The collapse of Silicon Valley Bank sent shockwaves across the technology sector, which had been the bank’s backbone. Entrepreneurs were grateful for the government bailout
BoE facilitates HSBC’s takeover of Silicon Valley Bank’s UK arm for $1.21.
After all-night negotiations, HSBC on Monday announced a deal to acquire the U.K. division of the defunct Silicon Valley Bank digital startup lender. HSBC reported
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