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The New York State Financial Services Administration’s sanctions add to Deutsche Bank’s continuing troubles

Media IN – New York 21-06-2018 The New York State Financial Services Department said it would fined Germany’s Deutsche Bank more than $ 205 million for foreign exchange fraud. These violations involve improperly coordinating business with other financial institutions to enhance the Bank’s profits, according to the management statement. The …

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European fees on American products

Media In – Brussels 20 June 2018 SPA The European Commission (EC) announced in Brussels on Thursday that the EU will begin imposing a 25 percent import duty on a range of US products starting Friday. The move comes after the United States imposed tariffs on steel and aluminum from …

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US stocks fall on trade worries

MEDIA IN – NEW YORK – 20 June 2018 SPA US stocks fell today as markets were hit by an escalation in the US-China trade row, and the Dow Jones index has erased gains since the start of the year to fall into a year-on-year decline. The Dow Jones industrial …

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China plans to lift restrictions on foreign ownership in banks

Media in – Beijing, June 9, 2018 (WAM) China plans to abolish rules restricting foreign investment in domestic banks and financial asset management companies in its latest efforts to push for financial openness. Restrictions on foreign holdings in these financial institutions will be removed, according to a statement issued by …

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Positive progress in China-US trade talks

Media In – Beijing, June 4, 2018 – WAM China and the United States have made “positive” and “concrete” progress in implementing the consensus they reached in Washington at the end of last month, the Chinese government said yesterday. For its part, China expressed its willingness to increase imports from …

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