Top 10 Banks In The UK
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Top 10 Banks In The UK

The UK boasts of the largest banking sector in Europe and the fourth in the world with a total of 300 banks and 45 building societies. The top 10 banks in the UK comprise some of the top financial and multinational corporations in the world. The European nation is also regarded as the largest cross-border…

Top 10 Banks in China
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Top 10 Banks in China

China is a global financial power house, a trend largely fueled by the country’s rapid industrialization both locally and globally. Among the top 10 banks in China are four with slots among the top 10 banks in the world and the banking sector in the world’s second largest economy has also continued to grow both…

Barclays and Goldman Sachs Stake in Alan Howard’s Crypto Network

Barclays and Goldman Sachs Stake in Alan Howard’s Crypto Network

In a new bet on the mainstream adoption of digital assets, Goldman Sachs and Barclays have invested in Elwood Technologies. Elwood is a crypto trading platform founded by British hedge fund billionaire Alan Howard. Elwood Technologies received $70 million from this new round of funding. Other institutions joined in the fundraising round. They included Down…

Top 10 Banks in the U.S

Top 10 Banks in the U.S

The banking industry, and especially the top 10 banks in the U.S has undergone tremendous growth since the Great Depression. In 2018, the US banking industry had $17.9 trillion in assets and $236.8 billion in net income. The industry is the largest in the world, supporting the largest economy, and has the largest diversity of…

Confirmed! Senate Votes To Hand Jerome Powell Second Term As Federal Reserve Chair

Confirmed! Senate Votes To Hand Jerome Powell Second Term As Federal Reserve Chair

The U.S senate confirmed that Jerome Powell would be chairing the Federal Reserve Board for another four years in his second term. He secured this position on May 12, 2022, after the members of the Senate cast an 80-19 affirmative vote. Despite the expiry of his first term in February 2022, Powell has not left…

Officials at Goldman Sachs Settle the $79.5M Shareholder Claims Concerning 1MDB Scandal
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Officials at Goldman Sachs Settle the $79.5M Shareholder Claims Concerning 1MDB Scandal

Directors and officers at Goldman Sachs Group Inc. agreed to settle the $79.5 million claims by shareholders over the bank’s connection to the 1MDB looting scandal. The shareholders claimed that the bank’s poor oversight contributed to the loss of funds, citing it as a conscious error by the officials. The Manhattan federal court received a…