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Tag Archives: banker

‘Putin’s banker’ loses $14 billion claim against Russia

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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Top US central banker resigns amid trading scandal

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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US inflation to get even worse, Fed banker predicts

“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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World’s richest banker Joseph Safra dies at 82 in Brazil

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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