No Data
No Data
Zephyr Closes Private Placement
The Federal Reserve warns Deutsche Bank that it may be fined if it fails to control anti-money laundering.
The Fed has warned Deutsche Bank in recent weeks to address persistent deficiencies in anti-money laundering controls or could impose fines, according to people familiar with the matter. While Deutsche Bank has said it is allocating significant resources to adjust anti-money laundering controls, the Fed said that instead of making progress, it was going backwards. The Fed says some of these anti-money laundering controls need immediate attention. In 2017, Deutsche Bank was fined $41 million by the Federal Reserve for poor anti-money laundering. In 2018, the Federal Reserve classified Deutsche Bank's US operations as "trou"
Sources say Japan is considering allowing special purpose buyout companies to go public.
According to market news, Japan is considering changing the rules to allow (SPAC), a special purpose acquisition company, to conduct an initial public offering in China. (IPO), may have more scrutiny and investor protection in terms of rules than in the United States. It is reported that Japan's Financial Agency, the Ministry of economy, Trade and Industry and the Tokyo Stock Exchange will discuss this issue this summer. Japan's cabinet plans to include this issue in its strategic growth plan in June. Given the time required for the Tokyo Stock Exchange to revise IPO procedures and formulate new rules, so-called special purpose buyout companies could be allowed to go public as early as next year.
The weak demand for inflation-protected bonds shows that the market believes in the Fed's temporary inflation theory.
Demand for (TIPS), a 10-year inflation-protected bond issued by the US Treasury on Thursday, was weaker than expected, showing confidence in the Fed's claims of a temporary rise in inflation. The winning yield of the $13 billion TIPS bond was-0.805 per cent, about 2 basis points higher than the pre-issue yield, meaning demand was lower than brokers expected. The interest paid on the bond is determined by the consumer price index (CPI), and the difference between the TIPS yield and the yield of the ordinary 10-year bond before the issue is 2.46%, reflecting the average CPI increase needed to equalize the two. After this bond issue, the profit
No Data