Bankers

Several bankers and other players who are looking to buy Paytm's troubled Payments Bank division want all the KYC formalities and documentation of all on-boarded merchants and vendors who use the platform redone, before they proceed with any takeover…

Tesla and SpaceX CEO Elon Musk reportedly told bankers that they will not lose any money after taking $13 billion in loan to fund his Twitter acquisition last year, reported the Financial Times.According to the report, despite his assurances, seven banks that lent money to Musk - Morgan Stanley, Bank of America, Barclays, MUFG, BNP Paribas, Mizuho and Societe Generale - "are facing serious losses on the debt if and when they eventually sell it".Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

The central bankers' central bank, the Bank for International Settlements (BIS), has laid out a seven-point plan designed to help countries prevent cyber hacks on the new wave of digital national currencies under development.Around 130 countries are now exploring central bank digital currencies (CBDC) to keep up with technological change, but there are worries that the online nature of them could make them a major target for criminals and hostile states. The BIS acts as an umbrella body for the U.S. Federal Reserve,…

After raising rates rapidly over the past year, officials are concerned over the potential of a slowdown or even higher inflation. After raising rates rapidly over the past year, officials are concerned over the potential of a slowdown or even higher inflation. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful…

June 22, 2023 12:01 am ETOver the past few years, as the Manhattan real-estate broker Lisa Lippman took her well-heeled clients through $7 million-plus apartments with Central Park views and amenities including squash courts and lap pools, she noticed a change: It was no longer bankers making a lot of the offers. It was lawyers. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 June 22, 2023 12:01 am ETOver the past few years, as the Manhattan real-estate broker Lisa…

A sale pending sign is posted in front of home for sale in Greenbrae, California.Justin Sullivan | Getty ImagesCNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. CNBC's Michael Sheetz reports and curates the latest news, investor updates and exclusive interviews on the most important companies reaching new heights. Sign up to receive future editions.Overview: M&A underwayThe space sector has seen a variety of mergers and…

Three Russian-born and one Swiss-born former bankers for Gazprombank Switzerland were charged with failing to adequately check whether Russian president's longtime friend Sergei Roldugin actually owned the assets in his accounts. In 2016, when reports named Roldugin as the owner of $2 billion in offshore assets,…

The global economy is showing vigor despite rising borrowing costs and elevated energy and food prices, a sign that central banks may need longer than anticipated to bring inflation under control. Data from the U.S., China and Europe have shown surprising vitality in these regions’ economies since the start of 2023, confounding predictions from the World Bank and other economists that the global economy was set for one of its weakest years in recent decades.  While this is promising for governments, that resilience may…

CoinDesk’s parent company is Digital Currency Group Inc., or DCG, which operates the media platform as well as an events business and cryptocurrency price indexes. Photo: Jordan Vonderhaar/Bloomberg News…

A month into India's pilot project for using an official digital rupee for inter-bank and institutional transactions, stakeholders are seeing no benefits, several bankers said. A month into India's pilot project for using an official digital rupee for inter-bank and institutional transactions, stakeholders are seeing no benefits, several bankers said. Seven bankers told Reuters that using the e-rupee of the Reserve Bank of India (RBI) was much the same as internet-based banking that users were already satisfied…