February 5, 2023

The growth of shadow banking and the impact on the UK potentially shady

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From The Market Mogul ‘Shadow banking’ globally has increased after a liquidity crunch following the financial crisis in 2008. The contagion caused by the collapse of Lehman Brothers, led to traditional banks around the globe pulling back their credit lines, resulting in small and medium sized businesses turning to ‘Other Financial Institutions’ or OFIs in […]

FIFA blocks $20 million in payments to scandal-ridden groups

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By Tariq Panja From Bloomberg Soccer bodies in Americas each face $10 million shortfall Concacaf and Conmebol have promised audits, transparency FIFA has blocked $20 million in funding to the organizations that oversee soccer in the Americas, dealing yet another blow to the confederations at the center of a sprawling U.S. corruption case. “In light […]

RBS Warns Investors of ‘Cataclysm’: ‘Sell Everything’

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By F McGuire From Newsmax The Royal Bank of Scotland reportedly has advised clients to brace for a “cataclysmic year” and a global deflationary crisis, warning that major stock markets could fall by a fifth and oil may plummet to $16 a barrel. The bank’s credit team said markets are flashing stress alerts akin to […]