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Tag: Bank

How Zimbabwe uses gold smuggling to evade sanctions choke

Zimbabwe’s government is using smuggling gangs to sell gold worth hundreds of millions of dollars, skirting some of the consequences of tough Western sanctions imposed on the country over human rights abuses, Al Jazeera’s Investigative Unit (I-Unit) can reveal. The smuggling feeds into an enormous money-laundering operation, all facilitated by Fidelity Gold Refinery, a subsidiary of Zimbabwe’s central bank, and enabled, in some cases, directly…

Chinese-American bank giving Biden family records to GOP

New York Post political reporter Jon Levine and Washington Examiner chief reporter Byron York discuss a Chinese-American bank giving Biden family records to GOP and a potential indictment against former President Donald Trump. #foxnews Subscribe to Fox News! https://bit.ly/2vaBUvAS Watch more Fox News Video: http://video.foxnews.com Watch Fox News Channel Live: http://www.foxnewsgo.com/ FOX News Channel (FNC) is a 24-hour all-encompassing news service delivering breaking news as…

Global banking system is stable amid crisis, US treasury secretary says – BBC News

US treasury secretary Janet Yellen offered reassurance that the banking system is stable in a speech to bankers in Washington. Yellen said the US government is prepared to help more banks if needed, saying their recent actions have demonstrated their “commitment to ensuring the banking system remains safe”. Fears were initially sparked when Swiss bank Credit Suisse was bought by rival UBS on Sunday. Please…

European bank shares drop after Credit Suisse takeover – BBC News

European bank shares have dropped sharply after troubled bank Credit Suisse was bought by its Swiss rival UBS in a government-backed deal. UBS, which purchased Credit Suisse at a fraction of its closing market value before the weekend, is now down 8% compared with an earlier slide of 13%. Credit Suisse was the most significant failure of a crisis of confidence in the banking sector…

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