China publishes rules for supervising, managing non-bank payment firms
By Qiaoyi Li and Antoni Slodkowski BEIJING (Reuters) – China’s State Council, led by Premier Li Qiang, on Sunday published rules that come into force on May 1 for the supervision and…
IMF Managing Director says she does not expect a rapid shift in US dollar reserves
DOHA (Reuters) – The International Monetary Fund’s managing director said on Wednesday she does not expect there to be a rapid shift in reserves of the US dollar. Asked about de-dollarisation of…
Explainer-What are Russia’s options for managing its widening budget deficit?
By Darya Korsunskaya and Alexander Marrow (Reuters) – As Russia’s military spending soars and sanctions squeeze its energy revenues, Moscow faces a battle to keep its budget deficit in check, with few…
Fed in discussions with banks about managing risks of AI: Waller
(Reuters) – The Federal Reserve has “regular discussions” with the banks it supervises about managing the risks associated with artificial intelligence, as more financial institutions utilize AI for customer service applications, fraud…
White House’s Brainard says banks need to show they are managing risks effectively
By David Lawder WASHINGTON (Reuters) – White House economic adviser Lael Brainard said on Wednesday the U.S. banking system is “sound” and stable after two bank failures last month, but institutions that…
Alphabet’s CapitalG appoints insider Laela Sturdy as managing partner
By Krystal Hu and Anirban Chakroborti (Reuters) -Alphabet Inc’s venture capital arm CapitalG said on Wednesday it had appointed its star investor, Laela Sturdy, as managing partner, making her one of the…
Exclusive-Rosenstein’s JANA promotes Ostfeld to joint managing partner amid strong returns – letter
By Svea Herbst-Bayliss NEW YORK (Reuters) – Activist investor JANA Partners LLC, which has flexed its muscle at household names including Whole Foods and Freshpet, is promoting a veteran of the firm…
BofA promotes 360 employees to managing directors in diversity push – source
(Reuters) – Bank of America Corp has promoted 360 employees to managing directors, with more than 50% of them representing women and people of color, a source familiar with the matter told…
Morgan Stanley promotes 184 executives to role of managing directors
(Reuters) – Morgan Stanley said on Wednesday it had promoted 184 executives to the role of managing directors, less than the 199 a year earlier, after a challenging 2022 for the investment…
Too good to be bad, too risky to be good, Fed managing ‘unloved’ economy
By Howard Schneider WASHINGTON (Reuters) – After playing catch-up with inflation through the past year in a policy shift made urgent by relentlessly rising prices, the U.S. Federal Reserve now faces a…
Owner and Employees of the Sayville Motor Lodge Indicted for Sex Trafficking and Managing a Drug Premises
An indictment was unsealed today in federal court in Central Islip charging Narendarakuma Dadarwala, his wife Shardaben Dadarwala, their son Jigar Dadarwala, Ashokbhai Patel, and Himanshu, Inc. d/b/a Sayville Motor Lodge with…
Former Chairman And Managing Partner Of Energy Company Pleads Guilty To $15 Million Ponzi Scheme
SAN JOSE – Joey Stanton Dodson, who previously served as an executive at Citadel Energy Partners, pleaded guilty today to defrauding investors of more than $15 million. Dodson admitted the fraud was…
FANDUEL GROUP APPOINTS ASAF NOIFELD MANAGING DIRECTOR, CASINO
— PokerStars Executive Joins FanDuel Casino Team — NEW YORK, May 16, 2022 — FanDuel Group, the premier online gaming company in North America, announced that it has appointed Asaf Noifeld as…
MercadoLibre says it is managing to offset costs through pricing
By Aluisio Alves (Reuters) – MercadoLibre Inc said it was so far managing to recoup higher costs by boosting its prices as the South American e-commerce giant reversed a year-ago loss, helped…
Kitchen & Associates Appoints Matthew Bartner as Managing Principal
As managing principal, Bartner is responsible for maintaining the firm’s position as a leader of integrated design services across key markets and verticals. Bartner and the executive leadership team will be particularly…
Former Managing Partner Of Manhattan Investment Advisory Firm Sentenced To 12 Years For Defrauding Investors In An Over $120 Million Ponzi-Like Scheme
Damian Williams, United States Attorney for the Southern District of New York, announced that DAVID HU, former managing partner and chief investment officer of the Manhattan-based investment advisory firm International Investment Group…
IMF managing director says Ukraine authorities request emergency financing
– IMF Managing Director Kristalina Georgieva said on Friday that Ukrainian authorities have requested IMF emergency financing amid Russia’s invasion of its neighbor and the International Monetary Fund was working closely to…
U.S., Saudi officials discuss managing market pressures from possible Russian invasion
– U.S. officials held discussions with Saudi Arabia about a “collaborative approach” to managing potential market pressures stemming from a possible Russian invasion of Ukraine, the White House said on Thursday. “In…
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