As banks shake, markets hear the sound of peaking rates
Investors scrambled to pull down global rate expectations on Monday and abandoned bets on the Fed upsizing its rate hikes next week, reckoning the biggest American bank failure since the…
US digs deeper into Deutsche role in Danske money laundering scandal
The US Department of Justice has in recent weeks stepped up its investigation into Deutsche Bank’s role in the 200 billion euro ($220 billion) Danske Bank money laundering scandal, four…
To avoid rate cut backfiring, banks will need incentive from ECB
The European Central Bank is gearing up to charge banks for depositing with it, something that will require careful manoeuvring if it is not to create the opposite result from…
Investors left scratching heads as ECB bosses spar on outlook
The European Central Bank’s top economic thinkers are sparring over the outlook for inflation and rates, leaving investors scratching their heads over the ECB’s next policy moves. Philip Lane and…
AI, new weapon against money launderers
Money laundering is a worldwide menace. According to the United Nations Office on Drugs and Crime, money laundering accounts for up to 5% of global GDP - or $2 trillion…
Robber barons and carpetbaggers
Prime Minister Imran Khan has very rightly used the occasion of his virtual speech at the 75th session of the United Nations’ General Assembly to bring to the attention of…
High on CPI but not completely clean
Deadly drugs are produced clandestinely in many parts of the world because they are in great demand in the rich countries. Similarly, corruption is thriving unabated universally including in developing…
End of offshore secrecy?
It was only at the turn of the century and around the time Musharraf regime took hold of Pakistan that the UAE became the favourite financial haven for our rich…
Re-elected Merkel expected to stick to euro discipline
Germany will remain the champion of budget discipline in Europe, as re-elected chancellor Angela Merkel is likely to soften her stance only marginally if she enters into a grand coalition…
