China To Invest In European Multi-Billion Infrastructure Fund
It is believed Chinese banks are most interested in telecoms and technology companies. China will pledge a multi-billion dollar investment in Europe’s new infrastructure fund at a summit on June 29th in Brussels. The exact sum of the program that is being invested has not been decided. Chinese Premier Li Keqiang will attend the summit in Brussels More...
US Export-Import Bank Faces Controversies Over Re-Authorization
The Export-Import Bank of the United States is the official export credit agency for the US federal government. The Export-Import Bank of the United States is the official export credit agency of the United States More...
Stifel Acquires Barclays U.S. Wealth Division
It was rumored earlier this year that Barclays was looking for buyers of its wealth management arm. Stifel Financial Corp has agreed to purchase Barclays PLC’s U.S. wealth and investment management unit, (which More...
UK Government Plans To Further Reduce Stake In Lloyds Bank
The government has reduced it’s stake from 39% to 19% in Lloyds Bank. The British government announced on Monday that it will be continuing to sell its stake in Lloyds Banking Group whilst also offering some More...
Switzerland’s Economy Pressured By Strong Franc
The countries move to uncap the franc has caused international exports to decrease. Switzerland’s economy shrunk more than economists expected in the first quarter as foreign demand for the country’s pharmaceuticals More...
100,000 U.S. Tax Payers Information Stolen Through IRS Cyber Attack
The IRS’ online “Get Transcript” service was misused to access taxpayers information. Nearly 100,000 U.S. taxpayers’ data from tax returns was subjected to unauthorized access by cyber thieves More...