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US Democrats push probing Deutsche Bank Russia scandal

Bloomberg A handful of Democratic lawmakers have renewed their effort to get a powerful House Republican to investigate Deutsche Bank AG’s loans to President Donald Trump and the bank’s role in helping Russians move billions of dollars from Moscow to the West. In a letter to Jeb Hensarling of Texas, chairman of the House Financial Services Committee, Representative Maxine Waters ...

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PBOC to boost oversight of key financial firms

Bloomberg China’s central bank said it will step up coordinated oversight of systemically important financial institutions, another step toward defusing risk before a gathering of the country’s top leaders later this year. The People’s Bank of China also said it will limit the flow of credit to speculative housing purchases and monitor how global markets are affecting funding in the ...

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BOE tightens up its conflicts procedures

Bloomberg The Bank of England will strengthen its conflict-of-interest checks as part of its response to the controversy surrounding the resignation of former Deputy Governor Charlotte Hogg after just weeks in the role. Clarity about conflict-approval processes will be improved after a review found ambiguities in BOE policies as well as shortcomings in its systems that heightened the risk of ...

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