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Friday, Jan 27, 2023
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Federal Reserve Probes Goldman’s Consumer Business
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The Federal Reserve is investigating Goldman Sachs consumer business to determine whether the bank had appropriate safeguards in place as it ramped up lending.
The Fed is looking into whether Goldman has exercised appropriate oversight over Marcus and whether it has management or governance problems.
The regulator is also examining what happened in instances of customer harm, including whether issues were flagged internally and, if they were, whether they were properly resolved, they said.
The probe encompasses Goldman’s compliance functions, as well as audit and legal.
Saudi chief of the general staff meets number of officials in Italy
Saudi Arabia’s Chief of the General Staff Lt. Gen. Fayyadh Al-Ruwaili on Thursday began an official multi-day visit to Italy, where he is scheduled to hold talks with a number o...
Entertainment authority announces Riyadh Calendar activities
Riyadh Season 2022 and its wide range of entertainment options in the capital may have come to an end, but there are reasons to be happy following the General Entertainment Auth...
UAE banks’ investments hit 13-month high in November
UAE banks’ investments exceeded 511 billion dirhams ($139 billion) at the end of November 2022, the highest level in 13 months, according to the Central Bank of the UAE.
11 agreements signed during global medical biotechnology summit in Saudi Arabia
Eleven agreements were signed during the Riyadh Global Medical Biotechnology Summit 2023, which concluded in the Saudi capital on Thursday.
Saudi EXIM signs deal with Italian Export Credit Agency to boost exports
Saudi Arabia’s Export-Import Bank has signed a memorandum of understanding with the Italian Export Credit Agency to increase trade between the two countries, the Saudi Press Age...
Saudi ministries launch national cultural skills contest
Saudi Arabia is to stage its first national cultural skills competition — with a prize-money pot of SR5 million ($1.33 million).
First Arab long-duration astronaut mission to launch next month
The first Arab long-duration astronaut mission is scheduled to launch on Feb. 26, the Mohammed Bin Rashid Space Center has announced.
Iranian chess player refuses to film apology video for removing hijab
An Iranian chess player who played in a tournament without a hijab told The Telegraph that she fled to Spain after refusing an order by Tehran to film an apology video.
Saudi Arabia drives growth across MEA commercial property markets
Saudi Arabia’s commercial real estate sector is witnessing an upturn as the Kingdom’s plan to diversify its economy continues to drive demand within the overall property market,...
UN deputy chief calls on Muslim nations to help Taliban move from 13th century into the 21st
The deputy secretary-general of the UN on Wednesday called on Muslim countries to unite in their efforts to put pressure on the Taliban to modernize and move “from the 13th cent...
Saudi Aramco-backed ‘halal’ investment platform opens branch in London
Wahed, an investment platform backed by Saudi Aramco and French footballer Paul Pogba, has opened a physical branch and bank accounts backed by gold in London, CNBC has reported.
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Federal Reserve Probes Goldman’s Consumer Business
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Prince William's godmother resigns honorary royal role after exposing her/their racism
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