This is a re-post of a article originally published on pundit.co.nz. It’s here with permission. Don’t you think that when a credit rating agency looks at New Zealand, they only look at the government debt to GDP ratio? It looks at a large number of indicators, some of which I mention below. So why is …

The Federal Reserve told Deutsche Bank AG Comics 0.40% in recent weeks that the lender has failed to address persistent deficiencies in its anti-money laundering controls, according to people familiar with the matter. The Fed’s frustration has escalated to such an extent that the bank could be fined, people said. Deutsche Bank has devoted massive …

Berkshire Hathaway’s Charlie Munger-backed external fund manager Li Lu is quick to say “The biggest risk in investing is not price volatility, but whether you will suffer a permanent loss of capital”. When we think about how risky a business is, we always like to look at its use of debt because debt overload can …

Poutine’s People: How the KGB Took Back Russia and Then Took on the West by Catherine Belton is a book about how an obscure establishment within an unstable country used political turmoil to empower and enrich itself to the point that he now controls most of the state and the country’s economy. It is truly …

In an effort to mitigate the effects of Covid-related shutdowns, the U.S. government poured trillions of dollars into relief programs, providing loans to businesses in need and sending checks to people whose incomes qualified them for a help. However, without adequate controls in place, nothing prevented fraudsters from taking advantage of government largesse to collect …

Some have more money than common sense, they say, so even companies with no income, no profit, and a history of default can easily find investors. Unfortunately, high-risk investments are often unlikely to pay off, and many investors pay a price to learn their lesson. In the age of investing in the blue sky of …

The Directorate of Enforcement (ED) arrested Mumbai-based film maker and financier Yusuf M Lakdawala on Friday in a money laundering case related to alleged document forgery to purchase prime land in Khandala. He was arrested under articles of the Prevention of Money Laundering Act (PMLA) and was subsequently brought by the central investigative agency to …

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LAHORE: In an unprecedented move, the government reshuffled about two dozen senior officials from the state-owned National Transmission and Despatch Company (NTDC), the News learned on Friday. According to the notifications, up to 23 senior officials have been transferred and assigned, some to locations far from headquarters, as part of a massive reorganization process. Official …

SANTA ANA, California – Orange County man was sentenced today to 24 months in federal prison for operating an illegal virtual currency money service business that traded up to $ 25 million – some for criminals – through in-person transactions and a network of Bitcoin-type kiosk ATMs. Kais Mohammad, alias “Superman29”, 37, of Yorba Linda, …