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Malaysia, 1MDB seeking more than $5.6 billion in damages from KPMG partners
Malaysia’s government and state fund 1Malaysia Development Berhad (1MDB) are seeking over $5.6 billion in damages from KPMG partners for alleged breaches and negligence...
A fine mess: Weak inflation prompts a global central bank reset
It is an article of faith among central bankers that the decisions they make about how much money to create and what interest rate to...
White house to target bank mergers, financial data with competition order
President Joe Biden’s planned executive order to promote greater U.S. competition will target bank mergers by pushing the Federal Reserve and the Department of Justice to...
Credit Suisse names new asset management COO as post crisis shakeup continues
Credit Suisse named Markus Ruetimann as the new global chief operating officer of Credit Suisse Asset Management (CSAM).Ruetimann will report to Ulrich Koerner as...
Bank of England to crack down on secretive cloud computing services
The bank of England said that the cloud computing providers to the financial sector can be secretive, and regulators need to act to avoid banks’...