Sen. Elizabeth Warren is proposing a sweeping overhaul to the consumer bankruptcy system that includes removing some much-criticized aspects of a 2005 law supported at the time by the credit-card industry and her Democratic presidential rival Joe Biden.
…The global economy is heading towards a “liquidity trap” that would undermine central banks ’ efforts to avoid a future recession, according to Mark Carney, governor of the Bank of England. In a wide…
A total of 21 applications have been submitted for up to five digital bank licences.
The International Monetary Fund will soon be shutting down its local bureau in Athens in a move signaling Greece’s readiness to leave behind a decade marked by financial crisis.
The currency, which stood at PKR163.75 for every USD and PKR425.30 against OMR in June 2019, started to gain momentum and hovered around PKR157-PKR160 against the USD and between PKR405-415 against OMR in the months of September-November, 2019.
China’s central bank has finally bestowed some good news on the third-party payment industry after a two-year campaign to tighten oversight of the booming sector as part of a broader initiative to combat fraud and curb financial risk.
Slovenia successfully completed a EUR 1.5 billion ten-year eurobond issue, leveraging market appetite for fixed assets to secure a record-low coupon interest rate of 0.275%. The last bond issue a year ago came with a coupon rate of 1.188%.
Australian firefighters took advantage of Tuesday’s brief drop in temperatures and much-needed rain to control catastrophic wildfires in the southeast of the country, as Prime Minister Scott Morrison prepared to meet with financial bosses to discuss the soaring costs of the crisis.
Around 10,000 police personnel will be deployed in and around the city to monitor the law and order situation on Wednesday for the all-India bandh called by trade unions.
…other former Barclays colleagues for fraud, told a London court on Tuesday that he was “pleasantly surprised” that the bank ’s chief executive at the time, John Varley, and its board signed off a £322m…