Tuesday , 16 December 2025

Recent Posts

Draghi looks on as Europe horse trading sends Guindos to ECB

Bloomberg If Mario Draghi had to design the way his colleagues get picked, it would probably be a bit different from how it is now. The European Central Bank president twice stopped short of praising the process for board appo- intments — aside from a mention of safeguards to independence — when asked this week about how his future vice …

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$2 billion bank fraud is Barings redux for biggest Indian lender

Bloomberg The chief of India’s biggest bank called for an industry-wide review of risk controls in day-to-day operations, comparing a $2 billion fraud at one of his rivals to the 1995 Barings Plc rogue trading debacle that ended the 233-year-old British merchant bank’s independence. “The Punjab National Bank fiasco is something similar to the fall of Barings Bank, where one …

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Powell opens door for four rate hikes

Bloomberg Jerome Powell opened the door to the Federal Reserve raising US interest rates four times this year as he acknowledged stronger economic growth may prompt policy makers to rethink their plan for three hikes. “My personal outlook for the economy has strengthened since December,” the Fed chairman said in response to a question about what would cause the central …

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