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
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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PwC has been fined a combined HK$1.3bn ($166mn) and banned from taking on new clients in Hong Kong for six months after regulators found serious failures in its audits of Evergrande. The
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Goldman Sachs has appointed longtime executive Akila Raman as the global head of its private and alternatives capital markets business, according to an internal memo seen on Wednesday. The move underscores the
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The newly appointed Governor of the Bank of Korea, Hyun Song Shin, used his inaugural address in Seoul on April 21, 2026, to deliver a stark assessment of the global and domestic
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JPMorgan Chase has announced a significant expansion of its sweeping $1.5 trillion Security and Resiliency Initiative (SRI), extending the program beyond the United States into Europe in what the bank describes as
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Goldman Sachs suffered significant setbacks in its fixed-income trading business after being caught off guard by the market turmoil triggered by the Iran war, according to a report by the Financial Times.
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From a money-laundering center in Cambodia, a scammer demonstrates how easily modern banking security can be defeated. On a smartphone running a Vietnamese banking app, he uploads a stolen photograph, then bypasses
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Wall Street’s largest banks are preparing to report combined trading revenues exceeding $40 billion for the first quarter, as escalating geopolitical tensions and market volatility drive a sharp rise in activity. According
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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
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The National Development Bank PLC (NDB) has officially reported a significant financial fraud to the Colombo Stock Exchange, revealing that a group of its employees conspired with external parties to siphon funds.
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Revolut has been fined €11.5 million in Italy after regulators determined the company provided misleading information about fees and terms for its investment products. The Italian competition watchdog, AGCM, found that the
More Editor’s Note: The following article is based on an interview with JPMorgan Chase CEO Jamie Dimon conducted by CBS Evening News. JPMorgan Chase CEO Jamie Dimon speaks with the authority of a
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Swiss lawmakers have privately assured senior UBS executives that they intend to moderate the toughest elements of the government’s proposed “too big to fail” reforms, according to people familiar with the discussions,
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A detailed investigation by The Wall Street Journal has revealed that four of the largest private-credit funds—managed by Apollo Global Management, Ares Management, Blackstone, and Blue Owl Capital—have more exposure to software
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Bank of America has reached a $72.5 million settlement to resolve a class-action lawsuit accusing the bank of facilitating the sex-trafficking operations of convicted financier Jeffrey Epstein. Court filings on Friday indicated
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