The Russian State Duma voted on Thursday to extend Elvira Nabiullina’s term as the governor of the country’s central bank for another five years. On March 18, President Vladimir Putin submitted a proposal to the lower house of the Federal Assembly to nominate Nabiullina to serve another term. Her current …
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Former Goldman Sachs head of investment banking for Malaysia Roger Ng has been convicted of bribery and corruption related to the theft of $4.5 billion from the state investment fund 1MDB. The banker was found guilty on Friday following a two-month trial in Brooklyn federal court. Despite the participation of …
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The combination of inflation, the conflict in Ukraine and Russia sanctions may “dramatically increase risks ahead” for the United States, JPMorgan’s Chief Executive Jamie Dimon said in his annual letter to shareholders on Monday. He has warned of unpredictable consequences for the nation’s economy. According to Dimon, the outbreak of …
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Spain’s highest court has rejected a long-running lawsuit brought by former oligarch Sergey Pugachev which demanded Russia pay more than $14 billion in damages, rejecting an appeal against a previous legal ruling. On Monday, Russian media reported that the court in Madrid had dismissed the claims from the founder of …
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Federal Reserve Board vice chair Richard Clarida has announced he will step down two weeks before his term is set to expire. His recently amended 2020 financial disclosures raised speculation about potential insider trading. Nominated by President Donald Trump and confirmed in September 2018, Clarida was the top aide to …
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“The math suggests we’re probably going to see somewhat higher readings over the next few months before they likely start to taper off,” Minneapolis Federal Reserve Chairman Neel Kashkari told ‘Face the Nation’ on Sunday. According to Kashkari, current inflation and supply chain issues are a result of a “surge …
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The BBC board chair is appointed by the Queen on the advice of the government and comes with a £160,000 ($221,000) annual salary for three to four days work per week. Richard Sharp, who was offered the role last month, will serve a four-year term, during which he will be …
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“Ariane de Rothschild and her daughters are deeply saddened to announce the death of husband and father, Benjamin de Rothschild, following a heart attack in the family home in Pregny (Switzerland) in the afternoon of January 15, 2021” the family said in a press release on Saturday. The Chateau de …
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Safra passed away on Thursday of natural causes, according to a statement by Banco Safra, the financial institution that he built with his brother Moise, who died in 2014. Safra also owned the Safra National Bank of New York and the J. Safra Sarasin bank in Switzerland, both of which …
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The criminal was detained. On the eve the police said the 80-year-old local resident. The woman explained that her Bank account was missing more than 900 000. Police found that the theft of money involved 26-year-old employee of the Bank. She took the elderly woman’s Bank card, but did not …
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