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Alarm bells are ringing louder in China as its financial cancer spreads
November 27, 2023 — 11.58am November 27, 2023 — 11.58amNormal text sizeLarger text sizeVery large text sizeThe self-declared “severely insolvent” status of one of China’s largest shadow banks has revealed another crack in a financial system stressed by abrupt and disruptive shifts in the country’s economic growth model and trajectory.Last week, Zhongzhi Enterprise Group warned…
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What will happen to my account if my local Bank of America branch closes?
Several more branches of the Bank of America are closing down this holiday season. Trends last year suggested 78% of US adults prefer banking digitally instead of going to a brick-and-mortar branch.If your local Bank of America branch closes, it should not have a direct impact on your individual account. Bank of America, like other banks,…
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Adair Turner: ‘If someone is stupid enough to finance an asset that gets stranded, that’s their own stupid fault’
Adair Turner: ‘If someone is stupid enough to finance an asset that gets stranded, that’s their own stupid fault’The Energy Transitions Commission chair and former City regulator says big commitments are needed to combat climate changeMonday, 27 November 2023 at 05:01Lord Adair Turner doesn’t do easy jobs. He ran the Financial Services Authority through the…
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China clamps down on financial graft, quadrupling probes in 3 years
BEIJING — China’s top leadership has moved to crack down on financial corruption, with investigations of senior officials at financial institutions and government oversight agencies increasing more than fourfold in three years.Concerned about the potential destabilizing effects from troubles in the financial sector, the leadership under President Xi Jinping looks to reduce exposure to risks…
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COP28 in Dubai: Jordan’s priorities, climate challenges, focus on climate finance
AMMAN — The 2023 United Nations Climate Change Conference, more commonly referred to as COP28, is set to commence this Thursday in Dubai, with the participation of delegates from the 197 countries that have ratified the United Nations Framework Convention on Climate Change (UNFCCC), including Jordan. Ahead of this climate summit, which continues until December 12,…
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With millions of mortgages coming due, finance minister expects banks ‘to work with’ Canadians
Finance Minister Chrystia Freeland expects banks will follow a new series of rules and guidelines designed to protect Canadian homeowners, millions of whom are set to renegotiate loans at potentially higher rates.”The thing that I hear the most right now is people are concerned about interest rates, especially people who have mortgages and are concerned…
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Finance Ministry boosts wartime hasbara budget by NIS 63 million
The Finance Ministry has approved additional budgets totaling NIS 63 million for the benefit of wartime hasbara (public diplomacy), Hasbara Committee chairman MK Ze’ev Elkin announced yesterday.Last week, the Foreign Ministry announced that it was suspending all hasbara activities because it didn’t have the budget to keep them going. The decision was made after the…
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Public sector workforce will have to shrink
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Cyberattack disrupts Fidelity National Financial
Idaho National Laboratory had its Oracle Human Capital Management servers for its human resources apps compromised by the SiegedSec hacking operation, which claimed to have accessed “hundreds of thousands of user, employee, and citizen data,” CyberScoop reports.
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Branson Looks to Fill Finance Committee Vacancy
The City of Branson is taking applications to fill a committee vacancy. The full release from the city is below: The City of Branson is taking applications for its Finance Committee now until the end of day on December 4, 2023. The Finance Committee consists of the Mayor, Board of Aldermen, the City Administrator and…
