(2)
ZURICH (dpa-AFX) - Credit Suisse sold about $2.3 billion worth of stocks tied to the Archegos Capital. The Zurich-based lender will change its executives after the bank was affected by the collapse of Archegos Capital Management, Bloomberg reported citing people familiar with the matter.
Archegos Capital Management is a family office capital management firm run by Bill Hwang.
Credit Suisse s investment-bank chief Brian Chin is set to leave, with his exit announced as soon as Tuesday, the report said.
The report also said Zurich-based lender is discussing replacing Chief Risk Officer Lara Warner while sparing Chief Executive Officer Thomas Gottstein as they tally Archegos-related losses.
Australian, NZ Dollars Weaken On China Credit Fears
CANBERA (dpa-AFX) - The Australian and NZ dollars fell against their major counterparts in the Asian session on Tuesday, as risk sentiment dampened on China credit concerns.
The People s Bank of China has reportedly asked the country s major banks to curtail loan growth for the rest of this year, Bloomberg reported.
The banks were told to keep loan growth stable and reasonable amid fears about bubbles in the property and financial markets.
Asian stock markets are mostly lower, as worries about rising coronavirus cases and extension of lockdown restrictions offset optimism over strong U.S. economic data released overnight.
DGAP-News: Investment Evolution Corporation (IEC) Signs EUR 100M Loan Agreement with PKF PCC
vom 06.04.2021, 09:45 Uhr
Bild: pixabay.com
Investment Evolution Corporation (IEC) Signs EUR 100M Loan Agreement with PKF PCC
06.04.2021 / 09:45
Investment Evolution Corporation (IEC) Signs EUR 100M Loan Agreement with PKF PCC
SEYCHELLES, REPUBLIC OF SEYCHELLES / ACCESSWIRE / April 6, 2021 / Investment Evolution Corporation (MERJ: IEC) announces it has signed a 5-year €100 million loan agreement with PKF PCC. The loan agreement period continues from 1 April 2021 until 31 March 2026 and loan proceeds will be used to fund the planned significant expansion of IEC Credit, IEC s consumer credit business that provides consumer loans in Spain via its online lending platform www.ieccredit.es.
93% Of People Who Challenge a Medical Bill End Up Saving Money
If you or a loved one is currently in debt with medical bills, there is one simple thing you can do that just might save you money.
I think about the past year of my life and the people that surround me. I think about my friend Steve and his wife, having a baby, and the medical bills I know they built up. I think about my wife Alicia and I, and how she has a new hobby of getting bucked (not falling) off of horses. It s not cheap on the medical side. I think of my friend Connie and her husband Dan, we lost her this year to stage 4 cancer and I know those were not cheap bills at all. Then I saw some new information in a survey done by LendingTree and I thought maybe this blog will help others save.
2 Min Read
TOKYO (Reuters) - Japan would agree on a new allocation of special drawing rights (SDR) as long as the International Monetary Fund and World Bank help ensure transparency in providing the increased money for poor countries, Finance Minister Taro Aso said on Tuesday.
“There would be no point to it if SDR expansion is used for paying back debts to China,” Aso told reporters after a cabinet meeting, repeating tacit criticism against China’s lending practice to low-income countries.
Japan has backed a $650 billion increase in IMF monetary reserves.
Speaking on the eve of a virtual gathering of financial leaders from the Group of Seven rich nations and the G20 major economies this week, Aso welcomed U.S. Treasury Secretary Janet Yellen’s calls for the introduction of a global minimum corporate tax rate.