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Goldman Sachs courted Libyan clients with prostitutes and luxury hotels, a...
Goldman Sachs employees courted clients at Libya's national investment fund with prostitutes and luxury travel, a London court heard.The Libyan Investment Authority is claiming for $1.2 billion (£850...
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CITI: Here's what our clients are asking us about the UK's Brexit vote
The UK's referendum on European Union membership is just days away, and investors have been unsure what to make of the potential for a Brexit — Britain leaving the EU. Nowhere has that uncertainty been...
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Standard Chartered's CEO warned staff about a 'cancer' in the bank
Standard Chartered CEO Bill Winters delivered an "angry" address of the bank's 1,500 managers for recent misconduct, including complacency and lax controls, according to an interview with the Financial...
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The pound is getting slammed again after Brexit took a convincing lead in the...
Sterling is getting crushed once again on Tuesday, as currency traders react to ever increasing odds that the UK will vote to leave the European Union when it goes to the polls in just over one...
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Alternative lenders are opening up an opportunity for dangerous borrowing
This story was delivered to BI Intelligence "Fintech Briefing" subscribers. To learn more and subscribe, please click here.Alternative lenders in the U.S. are failing to detect borrowers who are...
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Fully understand the Fintech Ecosystem with this report
We’ve entered the most profound era of change for financial services companies since the 1970s brought us index mutual funds, discount brokers and ATMs.No firm is immune from the coming disruption and...
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MSCI declines to add domestic Chinese shares to global benchmark
NEW YORK (Reuters) - U.S. index provider MSCI Inc on Tuesday declined to add domestic Chinese stocks to one of its key benchmarks, concluding that Beijing had more work to do in liberalizing capital...
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Mitsubishi Motors used improper mileage data for other models: media
TOKYO (Reuters) - Mitsubishi Motors Corp <7211.T> used improper fuel economy data for additional models that are no longer being sold and plans to report on the matter soon to Japan's transport...
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Asian shares slip, safe assets shine on Brexit anxiety
By Hideyuki SanoTOKYO (Reuters) - Asian shares dipped to near three-week lows while safe haven assets such as U.S. bonds and the yen were in demand on Wednesday on growing anxiety Britain will choose...
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REMITTANCES EXPLAINED: How funds are transferred across borders, and why...
Over the past few centuries, the world has become increasingly globalized. Immigrants are pouring into developed countries like the US, where many jobs pay higher rates than in their home markets. As...
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The fintech industry explained: The trends disrupting the world of financial...
The BI Intelligence Content Marketing Team covers news & research we think you would find valuable.We’ve entered the most profound era of change for financial services companies since the 1970s...
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China stocks open sharply lower after MSCI declines China inclusion
SHANGHAI (Reuters) - China stocks opened roughly 1 percent lower on Wednesday after MSCI declined to add domestic Chinese stocks to one of its key indexes, prompting a sell-off in blue-chip shares as...
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THE ROBO-ADVISING REPORT: Market forecasts, key growth drivers, and how...
Robo-advisors are platforms that use algorithms to manage users' investment platforms. And they are threatening to upend the enormous global wealth management industry. Globally, wealth managers were...
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Subjective U.S. bank forecasts to figure in loan loss reserves
By David HenryNEW YORK (Reuters) - A U.S. accounting regulator plans to release new rules on Thursday that will change how banks set aside money for bad loans, raising fresh questions about the role of...
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10 things you need to know before European markets open
Good morning! Here's what you need to know. German bonds went negative. Fears of a possible Brexit and economic concerns pushed yields on Germany's sovereign debt into negative territory for the first...
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I am starting to think a Brexit is a good idea and I never thought I would...
For the first time ever, in my view, the arguments for us breaking ties with Brussels are looking more appealing.Britain is going to have to decide whether the UK stays in the European Union on June 23...
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London traders brace for biggest night since 'Black Wednesday'
By William James, Freya Berry and Patrick GrahamLONDON (Reuters) - The world's biggest banks including Citi and Goldman Sachs will draft in senior traders to work through the night following Britain's...
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The 10 most important things in the world right now
Hello! Here's what you need to know on Wednesday.1. The wife of the Orlando shooter knew about the planned attack and could soon be charged in connection with the deadliest mass shooting in US history,...
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Here are the 6 new laws the Leave campaign wants to enact after Brexit
The official Vote Leave campaign has finally unveiled what it plans to do if Britons vote for the UK leaving the European Union — known as a Brexit.In what Vote Leave calls its "roadmap," there are six...
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BREXIT: Osborne will raise income tax and cut NHS spending if we vote out
George Osborne is drawing up an emergency budget to plug a £30 billion ($43 billion) budget "blackhole" in case Britain votes to leave the European Union next week, according to reports.The BBC and The...
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