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Deloitte, NY settle over review of Standard Chartered money laundering
NEW YORK (Reuters) – A financial advisory unit of Deloitte LLP has agreed to pay $ 10 million and accept other New York state penalties to settle accusations of misconduct related to an investigation of money laundering at Standard Chartered … Continue reading
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Tagged Chartered, Deloitte, laundering, Money, over, review, settle, standard
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China money rates jump, partly on default talk; conditions tight
* Pre-holiday liquidity squeeze affects interbank market * Rates up on rumour a mid-sized bank defaulted on interbank loan * Some banks desperate to borrow at any price – dealers * Reduced forex…
Blackstone notifies Cohen’s SAC it intends to pull money -pension consultant
May 25 (Reuters) – Billionaire hedge fund manager Steven A. Cohen is losing the financial support of Blackstone Group Inc , the largest outside investor in his embattled SAC Capital Advisors, which…
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Tagged Blackstone, Cohen's, consultant, intends, Money, notifies, pension, pull
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Blackstone notifies Cohen’s SAC it intends to pull money: pension consultant
(Reuters) – Billionaire hedge fund manager Steven A. Cohen is losing the financial support of Blackstone Group Inc, the largest outside investor in his embattled SAC Capital Advisors, which is yanking much of its client money, according to a letter … Continue reading
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Tagged Blackstone, Cohen's, consultant, intends, Money, notifies, pension, pull
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Big money corrupts Washington. Small donors polarize it.
Can small money overwhelm big money? Faced with a hostile Supreme Court and a gridlocked Congress offering little chance of passing legislation, today’s campaign-finance reformers sure hope so. The notion is alluring. Online fundraising has made it easy to collect … Continue reading
Insight: “Speed money” puts the brakes on India’s retail growth
MUMBAI (Reuters) – Hong-Kong entrepreneur Ramesh Tainwala spent 18 months operating branded clothing retail stores in India before deciding it was impossible to succeed without paying bribes.
Mongolia, amid influx of foreign money, clashes with a major partner, mining giant Rio Tinto
Outside, it’s minus 22 degrees as a February wind blasts across the Central Asian steppe and through the Mongolian capital, Ulaanbaatar. Inside Government House, President Tsakhia Elbegdorj delivers a televised speech that simultaneously warms his people and chills foreign investors. … Continue reading
Yes, money really can buy happiness
“Does money buy happiness?” is the kind of open-ended question that inspires great novels and Baz Luhrmann movies, but it also has spawned quite a research program in economics. The University of Southern California’s Richard Easterlin kicked the discussion off … Continue reading
U.S. hits two Lebanese money exchanges, alleges Hezbollah link
WASHINGTON, April 23 (Reuters) – The United States targeted two Lebanese money exchange houses, accusing them on Tuesday of helping launder funds for an international drug trafficking ring and…