China's Yi Gang nominated as new central bank governor: parliament delegates

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China's Yi Gang nominated as new central bank governor: parliament delegates

BEIJING (Reuters) – Yi Gang, a vice governor of the People's Bank of China (PBOC), has been nominated to replace Zhou Xiaochuan as the head of the Chinese central bank, parliament delegates told Reuters on Monday.
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From a $126 Million Bonus to Jail: The Fall of a Star Trader

Internal emails seen by Bloomberg show that Bittar was likely read terse notes from human resources over the telephone that thanked him before being told his employment was being terminated. As a proprietary trader he was entitled to a percentage of the profits he made for the bank. When he was
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Bitcoin Price Surges 10% as G20 Will Not Crackdown on Cryptocurrencies

The G20's announcement that it will pivot away from creating new regulations in favor of examining existing rules gave the cryptocurrency market a much needed seeing Bitcoin surge by $1000.
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Warren Buffett Hasn't Beaten the Market in Years — Here's What Could Get Him Back on Track

Warren Buffett may be the greatest investor of all time, but his recent performance has been lackluster. Berkshire Hathaway's (NYSE:BRK-A)(NYSE:BRK-B) book value — the basis by which Buffett largely gauges his performance — has compounded at a rate …
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Milost Plans $1 Billion Investment in Nigerian Bank

Milost Global Inc. is looking to inject as much as $1 billion to recapitalize Nigeria's Unity Bank Plc, which is struggling to build buffers after a slowdown in Africa's biggest economy, according to two people familiar with the matter. New York-based Milost offered to invest $700 million in equity and $300
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