Susie James, a retired small business owner in Wales, has observed the recent swings in the stock market with only mild interest. Like many Europeans, Ms. James and her husband hold a significant percentage of their savings in cash, the…
Tag: Banking and Financial Institutions
When Elected Leaders Pursue Risky Policies, What Can Stop Them?
It has been a chaotic few weeks in geopolitics. At the beginning of the month, President Trump announced tariffs that threw the global economy into turmoil. Investors panicked, stock markets plunged, and analysts predicted an imminent recession. Mr. Trump insisted…
Mehul Choksi, Fugitive Jeweler Wanted by India, Is Arrested in Belgium
Mehul Choksi, a wealthy diamond dealer whom India has sought in connection with a fraud case involving one of India’s largest state-run banks, has been arrested in Belgium, his lawyer said on Monday. Mr. Choksi, 65, is wanted on charges…
Is Trump Having a Liz Truss Moment?
A major Western leader announces an unorthodox economic policy, panicking the financial markets, driving down the country’s currency and fueling a blizzard of warnings about the dire long-term consequences. President Trump did all this with his across-the-board tariffs, announced last…
Investigating a Sprawling Money Laundering Network
Times Insider explains who we are and what we do and delivers behind-the-scenes insights into how our journalism comes together. For months, Selam Gebrekidan, an investigative reporter for The New York Times, would stare at a maze of handwritten diagrams,…
Takeaways From Our Money Laundering Investigation
We live in a scammer’s world. We get texts from unknown numbers with an odd tone of familiarity. We have been promised breathtaking profits in ads on social media. We have encountered characters on dating apps who seemed too good…
How Scammers Launder Money and Get Away With It
Every few weeks, fireworks light up the night sky in Cambodia, set off by scammers to salute their biggest swindles. By the time the shells pop and crackle, somebody’s life savings are probably gone. Maybe the victim fell for an…
Abrdn’s Rebrand Reversal and a History of Corporate Missteps
Hw cn brnds sty cl? Nt by drpping vwls, one of Britain’s biggest investment firms concluded this week, when it announced it was adding back the “e’s” to its name four years after dropping them. The 200-year-old company is now…
The World Bank Pivoted to Climate. That Now May Be a Problem.
As the Trump administration imposes deep cuts on foreign aid and renewable energy programs, the World Bank, one of the most important financiers of energy projects in developing countries, is facing doubts over whether its biggest shareholder, the United States,…