Banking

FATF: Lebanon Could Be Granted a Grace Period

According to several reliable sources, Lebanon could soon be added to the Financial Action Task Force (FATF) grey list. A decision is expected in five days. If confirmed, this would hardly come as a surprise. However, rumors have circulated over the past 24 hours about a possible postponement of the decision to November rather than October, ...

UK Banker Jacob Rothschild Dead at 87

British financier Jacob Rothschild, a prominent member of the Rothschild banking empire and philanthropist, has died at the age of 87, his family announced Monday. Rothschild was born in Berkshire, west of London, in 1936, the eldest son of Victor Rothschild, a British scientist, intelligence officer and oil executive who advised both ...