The Swiss Financial Market Supervisory Authority FINMA announced that an independent observer would control Credit Suisse, as the second largest Swiss bank failed in the fight against corruption in incidents involving FIFA, as well as oil companies of Brazil and Venezuela – Petrobras and PDVSA, finversia.ru wrote. The regulator also said that Credit Suisse did not properly combat money laundering while monitoring the bank's relations with the politician and did not punish the client manager who violated the norms set by the bank for several years. The task of an independent observer appointed by FINMA is to prevent the recurrence of incidents similar to those investigated by the regulator.
Glenmark Pharmaceuticals Ltd was given a notice by the Drug Controller General of India (DCGI) on overpricing and false claims of its generic version of favipiravir, FabiFlu, according to local media reports, sending the company’s ...
India extends its disapproval for the International Monetary Fund’s allocation of the new Special Drawing Rights as it may possibly be incapable of driving out its country under economic pressure amid the virus outbreak on Thursday. According ...
The US Federal Reserve’s balance sheet rose up to more than $5 trillion in assets after taking up bonds and extended loans to banks, central banks, and mutual funds in its emergency measure to support the economy amid the coronavirus ...
The dollar neared its biggest gain in a week since the 2008 global financial crisis, even with a weakened rally, as the pandemic drove investors to cash and damaged the world’s financial plumbing. The dollar hiked 3.7% against a basket ...
Wall Street shrugs off virus concerns as tech and financial markets surge Wall Street shrugged off virus concerns and started on a bullish Monday with tech and financial markets taking the lead. The S&P 500 index as well as the Dow Jones ...