WASHINGTON, June 18 (Reuters) – Brokerages that have branched into selling traditional banking products will face increased scrutiny for compliance with anti-money laundering rules, a U.S. regulator said on Thursday.
General Motors has once again achieved investment-grade status for its bonds. Fitch upped the company. Bloomberg’s John Lear has the story: “Fitch’s new rating for GM and for GM Financial is BBB-, the lowest investment grade. The rating had been BB+, one step lower, since August 2012. The outlook is stable…
NAIROBI, June 18 (Reuters) – President Uhuru Kenyatta on Thursday said Kenya will return licences to 13 money transfer firms that were banned after a deadly attack on a university in April and whose names are on a list of 85 entities with alleged links to Somalia’s al Shabaab.
LUXEMBOURG, June 18 (Reuters) – Greek Finance Minister Yanis Varoufakis said on Thursday the euro zone was dangerously close to accepting an “accident”, criticising other ministers who he said did not want to discuss his proposal to set up an automatic brake on the country’s public deficit.
TOKYO, June 19 (Reuters) – The financial crisis in Greece has taken away the euro’s appeal as a cheap global borrowing currency, leaving investors with barely any viable and deep markets to finance investments.
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