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SA banks to issue new loss-absorbing debt to prevent bailouts
- cnnnews
- September 13, 2024
- 0
South Africa’s largest banks will start issuing a new class of loss-absorbing debt, known as financial loss absorbing capacity (flac) instruments, from January, Moody’s Ratings reports. Designed to enable the orderly resolution of struggling banks, these instruments can convert to equity in a “bail-in” scenario, avoiding taxpayer bailouts. The central bank estimates that the top
‘Surprised and Disappointed’: All Independent Board Members of 23andMe Resign, Leaving Only the CEO
- cnnnews
- September 19, 2024
- 0
Days after proposing to settle a data breach lawsuit for $30 million, 18-year-old genetic testing company 23andMe now faces another public hurdle: Seven independent directors of its board resigned on Tuesday through a pointed letter addressed to CEO Anne Wojcicki, who is now the only remaining member of the board. The resigning directors, among whom
Top events today: BJP campaign in J-K; Rekha Jhunjhunwala-backed Baazar Style Retail IPO to list on Indian bourses, more
- cnnnews
- September 6, 2024
- 0
Today features key events from the realm of politics to sports. Amit Shah launches the BJP’s election campaign and manifesto in Jammu and Kashmir. Take a look: Amit Shah to launch BJP campaign in Jammu on Friday, release manifesto Union Home Minister Amit Shah’s visit to Jammu and Kashmir marks a pivotal moment for the