China’s Hidden Financial Dangers Erupt With Shadow Bank Crisis
Only a week ago, Zhongzhi Enterprise Group Co. attracted little notice within China and was almost unheard of
2023-08-18 12:27
Bitcoin falls 7.2% to $26,634
Bitcoin dropped 7.2% to $26,634 at 21:45 GMT on Thursday, losing $2,067 from its previous close. Bitcoin, the
2023-08-18 06:18
China’s Troubled $137 Billion Shadow Bank Plans Debt Restructuring, Taps KPMG
The Chinese shadow banking giant whose liquidity crisis has fanned fears about financial contagion is planning to restructure
2023-08-17 11:29
Fitch downgrades Ecuador's foreign currency rating deeper into junk
Global ratings agency Fitch downgraded Ecuador deeper into junk territory on Wednesday, citing financing risks arising from a
2023-08-17 07:24
Banking glitch allows customers to withdraw money they don't have
A technical fault meant that for several hours Tuesday customers of one of Ireland's biggest banks could withdraw funds they did not have.
2023-08-16 20:26
Chinese Shadow Bank Misses Dozens of Payments as Fallout Spreads
Zhongrong International Trust Co. missed payments on dozens of products and has no immediate plan to make clients
2023-08-16 10:19
Fitch warns it may be forced to downgrade multiple banks, including JPMorgan - CNBC
An analyst at Fitch Ratings warned that U.S. banks, including JPMorgan Chase, could be downgraded if the agency
2023-08-15 19:18
Adani Enterprises Weighs Exiting $6 Billion Wilmar Venture
Adani Enterprises Ltd. is exploring selling its stake in its Mumbai-listed consumer-staple joint venture with Wilmar International Ltd.,
2023-08-09 09:50
China or India? How to Invest in the Coming Asia Boom
(Bloomberg Markets) -- Money managers are navigating an historic shift: India’s population, at 1.43 billion, edged past China’s this year.
2023-08-07 08:15
Wells Fargo says missing deposits glitch is resolved
The Wells Fargo glitch that made some customers' direct deposits disappear from their bank accounts is over, the bank said on Saturday.
2023-08-06 04:24
Fitch US downgrade followed protocols, despite timing questions
By David Lawder and Davide Barbuscia WASHINGTON When Fitch Ratings dropped its bombshell downgrade of the U.S. credit
2023-08-05 04:29
Warren Buffett isn't worried about Fitch's downgrade
Warren Buffett is shrugging off Fitch Ratings' historic downgrade of US credit from the top AAA grade to AA+.
2023-08-03 22:47