Mario Draghi has broad support as he tries to form a new government and restore Italy’s credibility and clout in Brussels. But Italian politics is a dangerous place for an enigmatic technocrat.
Category: Banking and Financial Institutions
Joseph Safra, Banker Who Was the Richest Brazilian, Dies at 82
An immigrant from Lebanon, he earned a reputation as a canny dealmaker overseeing a family banking empire reaching from São Paulo to Geneva to New York.
Bank of England Rebuked Over ‘Missing’ $67 Billion of Cash
A parliamentary committee found about 50 billion pounds worth of cash in circulation is not being spent, and blasted the bank for a lack of ‘curiosity’ about where it is.