China’s regulators, it seems, are on the attack. Guo Shuqing, chairman of the China Banking Regulatory Commission, announced recently that he’d resign if he wasn’t able to discipline the banking system. Under his leadership, the CBRC is stepping up scrutiny of the role of trust companies and other financial institutions in helping China’s banks circumvent lending restrictions. The People’s Bank ...

Like an Instagram filter that brightens an otherwise hazy photograph, the lens through which Goldman Sachs Group Inc. is looking at Philippine conglomerates might be a tad too radiant. The investment bank published a research report Monday calling on investors to show some love to the nation’s largest business dynasties, which it said are poised to benefit from rising consumer ...

To adapt Thomas Pynchon, if the wrong question is asked, the answer doesn’t matter. Today, the world seems to be consciously framing its energy problems in a way that avoids the right questions, and thus true solutions. Human advancement is intrinsically linked to the development of motorized power driven by fossil fuels. Unfortunately, the resource itself is finite and has ...

Bloomberg The pound sank with gilt yields as Britain’s central bank governor underlined his dovish stance in the face of Brexit. European stocks rose a third day amid a bullish mood for equity investors, and the dollar was steady as this week’s stream of Fed speakers continued. The UK currency weakened a second day as Bank of England Governor Mark ...

Bloomberg Asia stocks headed for a third day of gains after the S&P 500 Index rose to a fresh record high and a Federal Reserve official’s comment that US expansion has “a long way to go” boosted confidence in the world’s biggest economy. The MSCI Asia Pacific Index advanced 0.1 percent to 155.37 as of 4:55 p.m. in Hong Kong, ...

Bloomberg Barclays Plc and four former executives were charged with conspiracy to commit fraud regarding the bank’s 2008 capital raising from Qatar as it sought to avoid a bailout during one of the most turbulent periods in financial history. The Serious Fraud Office said on Tuesday that former Chief Executive Officer John Varley, former chairman of investment banking for the ...

Bubai / Emirates Business Mashreq, one of the leading financial institutions in the UAE, proudly announces that it has won the Gallup Great Workplace Award in 2017, thus winning this award for the 4th consecutive year. This is an exceptional milestone win, as no other bank in the region has achieved this status to date. This win places Mashreq in ...

Bloomberg People’s Bank of China (PBOC) Governor Zhou Xiaochuan said China should forge ahead to further open the financial services industry, in a signal the country may allow foreign firms greater access to the market. Protecting domestic firms from outside competition makes them lazy, which weakens them and may lead to financial instability, Zhou said on Tuesday at the Lujiazui ...

Bloomberg Bank and insurance shares jumped in Saudi Arabia hours before the country learns whether it may begin the formal process to become classified as an emerging market by MSCI Inc., a development that might boost its stock market for months. The banking sector of the Tadawul All Share index leaped 4 percent and closed at the highest level this ...

Bloomberg Goldman Sachs Group Inc. is shifting personnel away from London as formal negotiations on the U.K.’s exit from the European Union which began on Monday, according to the bank’s regional head, Richard Gnodde. “We started to shift resources to Frankfurt and other European cities,” Gnodde told Frankfurter Allgemeine Zeitung in an interview. Goldman Sachs will “very probably” at least ...