China reduced its holdings of US Treasuries to an 18-year low in July, highlighting a broader retreat by foreign holders of American government debt as concerns over the sustainability of Washington’s finances
The global cryptocurrency industry is accelerating efforts to protect itself against a looming technological shift that experts warn could undermine the cryptographic foundations of bitcoin and other digital assets. The concern, highlighted
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Editorial Recent market commentary, including assessments commonly echoed by outlets such as Bloomberg-style currency tracking desks, has described the Sri Lankan rupee as one of the weakest-performing currencies in the region in
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Global markets may look buoyant on the surface, but beneath the rally Jamie Dimon sees something far more volatile taking shape. Speaking at JPMorgan Chase’s Global China Summit in Shanghai with Bloomberg’s
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Aidan and Howard Barclay, heirs to one of Britain’s most prominent business dynasties, have narrowly avoided bankruptcy after a Middle Eastern creditor secured approval for a controversial debt repayment deal, overriding objections
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Global accounting firm EY has agreed to pay more than $140 million to settle a High Court legal dispute with the administrators of NMC Health, the former London-listed healthcare company that collapsed
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EY has withdrawn a research report on loyalty rewards programmes after investigators found that it contained fabricated data, incorrect references, and apparent AI-generated hallucinations. The report had been used by EY consultants
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US federal prosecutors are examining valuation practices at a private credit fund managed by BlackRock, marking a new escalation in regulatory scrutiny of the fast-growing private credit sector. According to people familiar
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Editorial Sri Lanka’s banking sector is facing a widening credibility crisis driven by multiple allegations of large-scale financial misconduct, internal collusion, and regulatory failure. The names now being repeatedly discussed are not
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JPMorgan Chase chief executive Jamie Dimon has issued a stark warning that the American banking giant may abandon its multibillion-pound plan to build a landmark skyscraper in London if the UK government
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Goldman Sachs recorded its highest revenue from Japan in more than 15 years, underscoring a powerful resurgence in the country’s financial markets that has drawn renewed attention from major global banks. The
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The phrase “non-financial misconduct” sounds almost comically bland for a category of behaviour capable of shaking the world’s largest corporations. Yet inside boardrooms from New York to London, those three words —
More HSBC’s recent disclosure of a “fraud-related” charge linked to the collapse of Market Financial Solutions (MFS) has placed the bank at the centre of one of the most consequential private credit failures
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According to reporting from the New York Times, the world’s leading central banks are confronting a widening economic crisis that has left policymakers in Tokyo, Washington, London, and Frankfurt reluctant to move
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Experts and critics have described the ongoing discussion around recovering the US$2.5 million allegedly stolen from Sri Lanka’s Treasury as a “smokescreen,” raising concerns that the focus on recovery efforts may be
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Questions have been raised in Sri Lanka over a reported administrative decision involving the transfer of authority related to foreign debt payments from the Central Bank to the Ministry of Finance, prompting
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