by Our Correspondent in Colombo Serious allegations have emerged in Sri Lanka against Hatton National Bank (HNB), a prominent private sector bank, with multiple customers claiming that the institution has been quietly
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 —
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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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KPMG is cutting roughly 10 percent of its US audit partners in a significant restructuring aimed at improving productivity and aligning leadership with business demand. The decision, revealed during an internal meeting,
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