Banking
31st August 2021
Victims of Bernard Madoff will get another chance at recovering $343 million from Citigroup Inc. after a federal appeals court overturned a ruling dismissing a claim against the bank. The U.S. Court of Appeals in New York on Monday reinstated a suit against Citi by Irving Picard, the trustee… Read More
31st August 2021
Some two dozen Metro Bank Plc office staff got an early taste of what hybrid working will look like this week as they trialled their firm’s new approach to office life. Hovering outside the lender’s Moorgate branch in the City of London until it opened at 8:30 a.m., colleagues… Read More
30th August 2021
Sarah Peck arrived in Kabul as the US embassy’s anti-corruption officer in 2009. Having spent two years as a consular officer in Manila, she was already familiar with the relationship between tainted money and politicians. But Afghanistan was “vastly, vastly more terrible” than the Philippines. That year, as Barack Obama… Read More
30th August 2021
A Vienna court convicted the former leader of Austria’s far-right Heinz-Christian Strache of a corruption charge on Friday in a case stemming from a 2019 scandal known as “Ibizagate”. Strache, one of Europe’s most high-profile former far-right leaders, was given a 15-month suspended jail sentence. The Ibizagate scandal led to… Read More
30th August 2021
In the end, it wasn’t the bribery of Brazilian government officials that put the Batista brothers, who own Australia’s biggest meat processor, in jail. The authorities never actually brought the brothers, Wesley and Joesley, to trial over allegations they engaged in the large-scale corruption of the country’s politicians. Instead they… Read More
30th August 2021
The leader of Lebanon’s Iran-backed Hezbollah group, Sayyed Hassan Nasrallah, said on Friday a third vessel of Iranian fuel was agreed to ease crippling shortages in the country. “We have agreed to start loading a third vessel,” Nasrallah said in a televised speech. “The coming days will prove those doubtful… Read More
30th August 2021
On the streets of Kabul after the Taliban takeover, Afghans were running from one empty ATM to the next. Prices soared, the U.S. froze $9.5 billion in assets, and the hard-line group appointed an obscure official to run the central bank… Read More
30th August 2021
Mali’s former prime minister Boubeye Maiga was arrested on Thursday for his role in the purchase of a presidential plane during the rule of ousted President Ibrahim Boubacar Keita, his lawyer said. The exact reason for the arrest was not clear, but it was related to Mali’s purchase of a… Read More
30th August 2021
Cuba will now recognize and regulate cryptocurrencies such as bitcoin, citing “reasons of socioeconomic interest.” Resolution 215, which was published Thursday in the state-run Official Gazette, says the central bank will set new rules for how to deal with digital currencies. Commercial providers of related services will now need… Read More
30th August 2021
Litha María de Los Angeles slaps two cheese-filled pupusas – the El Salvadoran cornmeal flatbread – on the griddle. With a camera click on the QR code, she receives her payment: four hundred-thousandths of a Bitcoin. Then, as the rain pelts the corrugated iron roof and a gust of… Read More