The Top Country for Financial Secrecy? (It’s Not Switzerland)

Switzerland has a long-held reputation for financial secrecy, but it isn’t the top country when it comes to a lack of financial transparency. The country that is atop the rankings for being the most complicit in helping individuals hide their wealth is the United States, according to a biennial report released today by the Tax … Read more

Buy Citizens Financial Stock. Its Shares Could Gain 29%.

Bigger is better in banking — and Citizens Financial Group has been taking steps that should allow it to play with the bigger boys. Its stock looks like a winner. These days, it’s almost impossible for a bank to succeed without the scale to provide more than just loans and accounts to their clients. They … Read more

Wall Street on Sale: Goldman Sachs Stock Now Just Above Book Value

Text size Goldman Sachs Group headquarters in New York City. Michael Nagle / Bloomberg Wall Street is on sale along with much of the stock market, as industry leader Goldman Sachs Group is trading close to book value for the first time in two years. Smaller securities firms like Jefferies Financial Group (ticker: JEF) and … Read more

Finance ministry, state-run banks discuss 3-year strategic roadmap

Finance ministry officials on Friday met public sector bank (PSB) executives to discuss their strategic three-year roadmap, collaboration among themselves, and implementation of base-level reforms. The Center has initiated its two-day deliberations with state-owned lenders, the first day meeting being PSB Manthan 2022 to discuss implementation of next-generation reforms and explore strategies for long-term profitability. … Read more