The US Securities and Exchange Commission will investigate a $US10bn deal between Alibaba Group Holding Ltd and a Chinese financial intermediary in an effort to identify the company that agreed to the deal and why it was approved, US regulators said on Thursday.The SEC will consider whether the deal, which was completed in December, complies with its rules against cross-border
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How many firms have been involved in Britain's major bbc company,the BBC,and are being investigated by regulators?And what role do the companies of the UK's financial services sector play in regulating their industry?Here are some answers to these questions and more, as revealed in an investigation by the BBC's Newsnight and the Guardian.The BBC's investigation is based on interviews with
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Africa's central bank, the International Monetary Fund, says that there are some new opportunities for home buying in Africa, with more banks lending money to people who need help with mortgages and other financial obligations.Africa's largest bank, Banco Santander SA, has lent a total of $9.6 billion to help borrowers with mortgages, the bank said in a statement on Monday.The
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The United States should not be able to dictate how the global financial system works, and if it wants to protect the global economy, it must not allow its allies to dictate the rules for the global banking system.That's the view of a leading economist who has worked for the U.S. Federal Reserve and its predecessors and is now a
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The TESCo, an African financial intermediary, has signed a deal with African Financial Institutions, the Financial Conduct Authority of the African Union, and the Financial Markets Authority of South Africa to allow it to trade and trade derivatives with the Indian financial markets.The deal will also allow TESco to enter into financial services agreements with banks and other financial institutions
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