Russian Foreign Minister Sergei Lavrov told reporters on the sidelines of the Shanghai Cooperation Organization meeting in India’s western state of Goa that it has billions of Indian rupees that it can’t use. Russia has accumulated billions of rupees in Indian banks which it can’t use, Foreign Minister Sergei Lavrov
Hezbollah, a jihadist empire stretching out from Lebanon that has harried the US and Israel for decades, is being financed by a quiet Tamil Brahmin from Madurai named Nagarajan Sundar Poongulam Kasiviswanathan, who serves as its accountant. The Lady Automaton, her head replaced by a retro telephone, cradled a cardboard
In an opinion piece published by Foreign Policy, former White House economist Joseph Sullivan said, “If BRICS uses its own currency for trade, it will end the dollar’s hegemony.”
As financial panic spreads, regulators temporarily suspended trading in shares of two US banks – Los Angeles-based PacWest and Arizona’s Western Alliance – after their prices fell dramatically. Two more US regional banks saw their shares suspended on Thursday, amid the worst crisis to hit the country’s financial sector since
Using data from the Federal Reserve, the assets and liabilities of US banks have been visualized below. The U.S. banking sector has more than 4,000 FDIC-insured banks that play a crucial role in the country’s economy by securely storing deposits and providing credit in the form of loans. This infographic
After shares in Western Alliance had fallen 45% in volatile trading before being halted, Western Alliance Bank has become another one to go, as three U.S. regional banks have failed in the last two months. Western Alliance WAL.N is exploring strategic options including a potential sale of all or part of its
The Financial Times has reported that a mysterious Mumbai-based company named Gatik Ship Management has been shipping large quantities of Russian oil. A mysterious Mumbai company registered as an exporter only on March 31 this year, has grown into a giant of international oil shipping in the last 18 months, Financial Times has
As of the end of 2022, Charles Schwab was the bank with the largest amount of assets marked as “held to maturity” relative to capital, leading to concerns that it may be close to insolvency. The taming of monetary policy necessary to slow price inflation has triggered a corrective trend
The Hindenburg Research Report, released yesterday, has resulted in $3.1 billion in wealth evaporating for Carl Icahn. The Bloomberg Billionaires index wiped away $10 billion in wealth from Carl Icahn after yesterday’s Hindenburg Research report, which called into question IEP’s dividend and portfolio marks. The $10 billion plunge wasn’t just attributed to
