[ad_1] China’s small banks have problems — but they don’t carry the same risks as those exposed by the collapse of Silicon Valley Bank, said Zhu Min, vice president of…
Tag: Davos – World Economic Forum
Credit Suisse CEO says outflows have reduced ‘very significantly’ as overhaul progresses
[ad_1] The bank in November projected a $1.6 billion fourth-quarter loss after announcing a raft of measures to address persistent underperformance in its investment bank and a series of risk…
Top pharma CEO says Covid likely to become endemic, urges investment in pandemic preparedness
[ad_1] Novartis said in August that it plans to spin off its generics unit Sandoz to sharpen its focus on its patented prescription medicines. Bloomberg | Bloomberg | Getty Images…
$1.4 trillion wipeout hits crypto industry at Davos — except for a lone flashy orange bitcoin car
[ad_1] Along the Davos Promenade in 2023 there were fewer crypto companies than in previous years after the market crash. Circle, the company behind the stablecoin USDC, was one the…
OECD chief says China’s reopening ‘overwhelmingly positive’ to help tackle global inflation crisis
[ad_1] OECD Secretary-General Mathias Cormann on Monday said China’s reopening is “overwhelmingly positive” in the global fight to tackle surging inflation. “We certainly very much welcome the easing of Covid…