Former Goldman Banker Ng to Face Malaysia in 1MDB Case: A Deep Dive In a recent turn of events, former Goldman Sachs banker, Ng Chong Hwa, also known as Roger Ng, is set to face Malaysia in the infamous 1MDB case. This development has sent ripples through the investment banking community and raises several thought-provoking …
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BaFin’s Decision: Will Deutsche Bank Be Exonerated for Postbank’s Troubles? As the financial world watches with bated breath, the question on everyone’s lips is: will BaFin, Germany’s financial regulatory authority, let Deutsche Bank off the hook for the Postbank debacle? This is a question that not only impacts Deutsche Bank but also sends ripples across …
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Bank of England Unveils Overhaul of Insurance Capital Rules: A Game Changer? The financial world is abuzz with the recent announcement from the Bank of England. In a move that could potentially reshape the landscape of the insurance industry, the Bank has set out a comprehensive reform of insurance capital rules. But what does this …
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Goldman Sachs: A $6M Lesson in Recordkeeping In a recent turn of events, Goldman Sachs, one of the world’s leading investment banking firms, has been fined $6 million by the Securities and Exchange Commission (SEC) for recordkeeping violations. This news has sent ripples through the financial sector, raising questions about the implications for Goldman Sachs …
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Parliament Abolishes Old Laws on 3 Banks, Ushers in New Regulations: A Shift in Egypt’s Banking Landscape? In a move that has sent ripples through the financial sector, the Egyptian Parliament has recently abolished old laws governing three of the country’s banks, replacing them with new regulations. This development, as reported by Daily News Egypt, …
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Citigroup’s Profit Plummets 36% due to Trading Slump and Rising Expenses Citigroup’s Profit Plummets 36% due to Trading Slump and Rising Expenses Investors and financial experts were taken by surprise as Citigroup announced a significant drop in its profit for the second quarter of 2023. The banking giant reported a staggering 36% decline, mainly attributed …
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TYPE html> NatWest CEO Alison Rose Resigns Amid Nigel Farage Account Controversy – Financial News The recent news about NatWest CEO Alison Rose’s resignation following the Nigel Farage account controversy has sent shockwaves through the investment banking industry. This unexpected development raises several questions and prompts discussions on various aspects of banking strategies and potential …
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