Category: Economy News

Danske Bank , reeling from a money laundering scandal, suffered another setback on Wednesday when the Danish financial regulator rejected its candidate for chief executive on the grounds that he lacked sufficient experience. Source link

Insurers from across the world have called for amendments and a two-year delay to a change in accounting rules aimed at increasing visibility of how they earn their money. Source link

As Canada prepares to become only the second country in the world, besides Uruguay, to legalize marijuana, the country is scrambling to get ready. Source link

Goldman Sachs will slow loan growth in one of its key new business areas if it sees a marked deterioration in credit quality, potentially jeopardizing new Chief Executive David Solomon’s task to boost revenue by $5 billion by 2020. Source link

Legg Mason Inc affiliate Martin Currie said on Tuesday Colin Dishington would join its global emerging markets team as portfolio manager. Source link

The properties are anticipated to fetch a premium of 25 to 35% Source link

The representatives from several banks have visited lenders and brokerages Source link

The U.S. government closed the 2018 fiscal year $779 billion in the red, its highest deficit in six years, as Republican-led tax cuts pinched revenues and expenses rose on a growing national debt, according to data released on Monday by the Treasury Department. Source link

Over its long history, the retailer has had an influence in some unexpected places. Source link

PIMCO, one of the world’s largest fixed-income managers, on Monday named Erin Browne, previously of UBS Asset Management and Steve Cohen’s Point72 Asset Management, as managing director and portfolio… Source link