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in WealthBanking risk is spilling over into other sectors – panel
#Banking #risk #spilling #sectors #panel Banking risk is spilling over into other sectors – panel – Central Banking Skip to main content End of drawer navigation content Supervisor says ‘we don’t know’ how to regulate networks that commercial banks rely on Lenders are becoming increasingly reliant on “third parties, cloud services and other financial institutions”…
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in WealthCentral Bank of Nigeria announces high-level reshuffle
#Central #Bank #Nigeria #announces #highlevel #reshuffle The Central Bank of Nigeria The Central Bank of Nigeria (CBN) has redeployed its deputy governors to new roles in a reshuffle. The bank’s website has been updated to reflect the changes, which according to Business Day, took effect on June 1. Muhammad Sani Abdullahi has moved from heading…
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in BusinessNvidia gets $500bn from major banks to develop AI data centres
BBC News Nvidia has teamed up with some of Wall Street’s largest banks to help raise $500bn (£370bn) in capital to develop artificial intelligence (AI) infrastructure. The chipmaker said it had struck deals with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR, and that the banks were for the first time treating AI hardware and…
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in WealthBook notes: Everybody loves our dollars – how money laundering won, by Oliver Bullough
#Book #notes #loves #dollars #money #laundering #won #Oliver #Bullough Oliver Bullough, Everybody loves our dollars – how money laundering won, Weidenfeld & Nicholson, 2026, xxiii-311 pages In 2019, Oliver Bullough’s Moneyland outlined how kleptocrats were squirrelling away billions ‘offshore’, often with the connivance of governments. His 2022 follow-up, Butler to the world, detailed how the…
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in BusinessCouncils to get more powers to stop vape and betting shops, PM announces
BBC News New vape shops will require planning permission and councils will get more powers to stop betting shops, under government plans aimed at improving high streets. Prime Minister Andy Burnham said town centres had been “hollowed out” by decades of decline and “for many people, the high streets they grew up with have become…
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in WealthKuwait dispute leaves SWF without managing director or full board
#Kuwait #dispute #leaves #SWF #managing #director #full #board The Kuwait Investment Authority, one of the world’s largest sovereign wealth funds, has been without a permanent board for more than two months. The terms of five of the nine board members expired on April 20. The KIA’s deadlock coincides with a broader confrontation between the government…
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in WealthBSP extends relief to lenders affected by Iran conflict
#BSP #extends #relief #lenders #affected #Iran #conflict BSP extends relief to lenders affected by Iran conflict – Central Banking Skip to main content End of drawer navigation content Central bank allows Filipino lenders to exclude losses on peso bonds caused by market volatility The Central Bank of the Philippines (BSP) has granted temporary emergency support…
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in WealthTrump renews push to sack Fed governor Lisa Cook
#Trump #renews #push #sack #Fed #governor #Lisa #Cook US president Donald Trump has renewed his efforts to fire Federal Reserve governor Lisa Cook over allegations of mortgage fraud, after the Supreme Court ruled in June that his previous attempt did not follow due process. In a letter from the White House dated August 5, Daniel…
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in BusinessTaylor Farms recalls jalapeno products after salmonella outbreak
BBC News The jalapeno recall came after Coast Citrus Distributors, which supplied the company with its peppers, recalled its own fresh jalapeno because of the salmonella concerns. Taylor Farms said a grower in Sinaloa, Mexico, had been identified as the source of the outbreak and that it “is no longer sourcing products from this farmer…
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in WealthBulgarian lessons from entering the eurozone
#Bulgarian #lessons #entering #eurozone Bulgaria joined the eurozone on January 1, 2026. Its adoption of the common European currency resulted in the end of use for the Bulgarian lev after 145 years. The outgoing currency had enjoyed widespread popularity in the country, most recently as it was seen as an anchor of stability following its…