Chinese banks, Australia’s Macquarie tiptoe into Asian oil finance void

Chinese national banks and Australia’s Macquarie Group are quietly filling some of the multi-billion-dollar hole in Asian oil financing after the withdrawal of traditional European lenders, hurt by a raft of defaults and fraud allegations. Established financiers still taking on oil transactions, such as France’s BNP Paribas and Singapore’s OCBC, have raised compliance standards and […]

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Bank of America emphasizes diversity, employee wellness in annual financial filing

Bank of America Corp added new sections to its annual filing that show the growing importance of non-financial topics within the firm. For the first time, the bank created subheadings for “Diversity and Inclusion,” “Fair and Equitable Compensation” and “Health and Wellness” under the business overview section. That section is usually a straightforward description of […]

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