Perella Weinberg Partners and Interactive Brokers among 10 firms caught up in latest enforcement action
White House and Wall Street estimates suggested the economy could withstand a brief shutdown, with risks mounting the longer it lasts.
Action needed to tackle ‘elevated’ risk in models used to determine loan charges, says regulator
Things we lost in the fire sale
A lawyer for the LVMH owner denied the allegations, calling them absurd and groundless
Sehwa Kim, Seil Kim, Anya Kleymenova, and Rongchen LiWe examine whether the adoption of the current expected credit losses (CECL) model, which reflects forward-looking information in loan loss provisions (LLP), improves banks’ information production. Consistent with better information production, we find changes in CECL banks' financial reporting and operations. First, these banks' loan loss provisions become timelier and better reflect future local economic conditions.
Resource-rich countries like Ghana are often cut out of lucrative parts of the business like manufacturing. The “fairchain movement” wants to change that.
Greece’s Producer Price Index (PPI) contracted for the sixth successive month in August, dropping by 8.3 percent year-on-year (YoY), after falling by 8.6 percent in July, ELSTAT data showed on Friday.
Greece’s retail sales returned to positive territory in July, with a rise of 3.1 percent year-on-year (YoY), after a drop of 1.3 percent in June, Hellenic Statistical Authority (ELSTAT) data showed on Friday.