#news #newstoday #topnews #newsupdates #trendingnews #topstories #headlines The City of London is grappling with a dramatic slump in property values, leaving investors and homeowners questioning the future of this once-thriving residential hotspot. After years of steady growth, with property prices climbing 40.5% between 2013 and 2022, the City, located in…
Hwang had been convicted in July on 10 criminal charges including wire and securities fraud, market manipulation. Former billionaire investor Sung Kook “Bill” Hwang has been sentenced to 18 years in prison over the collapse of Archegos Capital Management, which cost Wall Street banks more than $10bn. Hwang was sentenced…
Spirit Airlines, the no-frills US travel pioneer, has filed for bankruptcy protection after struggling with years of losses, failed merger attempts and heavy debt levels, the company said. The Florida-based airline said on Monday that it had pre-arranged a deal with its bondholders to restructure its debts and raise money…
Federal authorities began probing TD’s internal controls after agents discovered a Chinese criminal operation bribed employees and brought large bags of cash into branches to launder millions of dollars. Two TD Bank units have pleaded guilty to United States criminal charges and agreed to pay $3bn in combined penalties to…
After weeks of tension that saw the Central Bank of Libya (CBL) shuttered, salaries go unpaid and cash vanish, the country’s two rival governments appeared ready to accept a United Nations-brokered agreement to resume operations, before once more reverting to a deadlock familiar to many in the country. The internationally…
Tripoli-based Presidential Council appoints new board of directors, with banking operations suspended amid upheaval. Libya’s central bank Governor Sadiq al-Kabir says he and other senior employees of the institution have been forced to flee the country to escape threats from armed militia, the Financial Times reported. “Militias are threatening and…
Speaking to a group of veterans in Pennsylvania, Sen. JD Vance opened up about his journey from a “troubled kid” to a US Marine – and excoriated Minnesota Gov. Tim Walz for his flagrant “dishonesty” about his military history. “I was, so fortunate to have the Marine Corps play a…
UK bank wanted to quell criticism over involvement with defence firms supplying Israeli military. Barclays had planned to withdraw from Israeli government bond auctions in response to pressure from pro-Palestinian activists calling for a boycott of the bank over its relations with the country and its defence suppliers, according to…
US prosecutors charge two dozen people over alleged $50m money laundering scheme. Prosecutors in the United States have charged two dozen people over an alleged money laundering scheme involving Chinese shadow bankers and Mexico’s Sinaloa drug cartel. Chinese underground money exchanges helped the cartel launder $50m in drug trafficking proceeds…
Freezing hundreds of billions of dollars in lenders’ assets was part of dispute over gas project halted by sanctions. A Russian court has ordered the seizure of the assets, accounts, property and shares of Deutsche Bank and Commerzbank in the country as part of a lawsuit involving the German banks,…
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