A controversial lawsuit in Texas claims that major investment firms like BlackRock and Vanguard colluded to reduce coal production to combat climate change. The firms deny the allegations, stating the coal market's decline is due to various factors.
A surprising trade truce between the U.S. and China has led financial institutions to revise their growth forecasts for China, boosting optimism in the stock market. Discover how this agreement impacts GDP predictions and equity strategies.
In a surprising turn of events, banks that once fought against the CFPB are now rallying to protect it from drastic cuts by the Trump administration. As the agency's future hangs in the balance, industry leaders warn of rising competition from unregulated fintech giants.
Iraq's central bank to ban five local banks from U.S. dollar transactions in efforts to combat money laundering and ensure compliance with U.S. regulations, amid growing tensions with Iran. The move signals a crackdown on financial violations.
