The Biden administration’s nominee to be the next president of the World Bank, the international development and climate institution, is embarking on a monthlong sprint around the globe to solidify […]
Banking and Financial Institutions
Trending topics and news from the Banking and Financial Institutions category
Back to news homeIndia Embraces Digital Payments Over Cash, Even for a 10-Cent Chai
The little QR code is ubiquitous across India’s vastness.You find it pasted on a tree next to a roadside barber, propped on the pile of embroidery sold by women weavers, […]
Bao Fan, Banker in China Who Vanished, Is Said to Be Aiding Inquiry
China Renaissance Holdings said Sunday that its chief executive, Bao Fan, a prominent investment banker in China, was cooperating with a government investigation, weeks after the company had announced it […]
The E.S.G. Fight Has Come to This: Bankers Suing Lawyers
In effect, according to the bankers’ legal filing, the demands were “creating an ongoing state surveillance system.” The bankers further claimed that the attorney general was violating their right to […]
China’s Tech Rainmaker Vanishes, and So Does Business Confidence
On Valentine’s Day in 2015, two of China’s biggest ride-hailing start-ups, one backed by the tech giant Alibaba and the other by Tencent, announced they would merge after burning through […]
‘Effective Altruism’ Led Bankman-Fried to a Little-Known Wall St. Firm
To close observers of Wall Street, the fall of Sam Bankman-Fried carried a curious twist: The man whose unbridled recklessness may have led to one of the largest financial frauds […]
Government Cracks Down on Crypto Industry With Flurry of Actions
Cryptocurrency executives hoped that 2023 would herald a new beginning after a year of disastrous setbacks. Instead, the industry has found itself on the receiving end of an aggressive government […]
Why a Strong Economy Is Making Stock Investors Jittery
It’s dawning on stock investors that they were wrong about the Federal Reserve.After rallying behind a resilient economy, slowing inflation and the hope that the central bank would soon end […]
The Uneasy Dance Between the Markets and the Fed
The Optimism ProblemYet this market exuberance, which has ebbed somewhat for the moment, amounted to a “loosening” or “easing” of “financial conditions.” It was, therefore, a source of consternation for […]
What Recession? Some Economists See Chances of a Growth Rebound.
Many economists and investors had a clear narrative coming into 2023: The Federal Reserve had spent months pushing borrowing costs rapidly higher in a bid to tame inflation, and those […]