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Key Insights from the IMF Global Financial Stability Report

E78 Partners

Today’s global financial landscape is fraught with high inflation, geopolitical risks, and a shifting economic environment. These factors have tested the resilience of the financial system and posed significant challenges for corporate financial leaders.

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Chinese Officials Join US Politicians In Suddenly Falling Out Of Love With Big Tech 

PYMNTS

Pan Gongsheng as saying that officials criticized Ant for poor corporate governance, defiance of regulatory demands, illegal regulatory arbitrage, the use of its market advantage to squeeze out competitors and harming consumers’ legal interests. Will Chinese Authorities Force Ant To Restructure? . Reuters quoted central bank Vice Gov.

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China’s Ant Group Mulling Creation Of New Consumer Loan Unit

PYMNTS

Creation of the new unit would be part of a much larger overhaul of the financial technology company and subject to approval by Chinese authorities, who pulled the plug on the company’s massive initial public offering late last year, according to Bloomberg. Ant Group had $263 billion in outstanding consumer loans as of June 2020.

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The Long Climb Back From Ghana’s Banking Crisis

PYMNTS

“It is the Bank of Ghana’ s assessment that these institutions have no reasonable prospects of recovery, and that their continued existence poses severe risks to the stability of the financial system and the interests of their depositors,” the central bank noted in a statement. Assets need to be protected.”.

Banking 46
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BIS Caution On Cryptos Hints Toward Long Fizzle

PYMNTS

News came this week that the Basel Committee has said in a paper that a “prudential” regulatory framework should be constructed by stakeholders — banks included — in a bid to address concerns over risks to the financial system. And the risks are there, and are far-reaching, as the paper noted.

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Michael Hudson: Germany’s Position in America’s New World Order

CFO News Room

sponsored ideology of financialized and privatized “free markets,” meaning deregulation of government power to shape economies in interests other than those of U.S.-centered centered financial and corporate elites. banking and financial system. A similar demand as is being made by today’s U.S.-sponsored

Economics 100