China to Buy $90 Billion Gold Vault in London

China is buying one of London’s biggest gold vaults. The Chinese state-owned ICBC Standard Bank (IDCBF), the world’s biggest bank by assets, has agreed to buy Barclays precious metals storage business, including its state-of-the-art storage facility in London. The deal will boost China’s access to London’s gold market, and expand the country’s role in the…

China to Buy $90 Billion Gold Vault in LondonDetails

China to Buy $90 Billion Gold Vault in London

China is buying one of London’s biggest gold vaults. The Chinese state-owned ICBC Standard Bank (IDCBF), the world’s biggest bank by assets, has agreed to buy Barclays precious metals storage business, including its state-of-the-art storage facility in London. The deal will boost China’s access to London’s gold market, and expand the country’s role in the…

China to Buy $90 Billion Gold Vault in LondonDetails

Buffett: I Might Consider Taking Money Out of Banks If They Charge for Deposits

With persistently low interest rates around the globe, billionaire investor Warren Buffett told CNBC on Monday he’d consider taking money out of banks, especially if negative interest rates result in customers being charged to park their money in accounts. “There could be a point where you’d really want to start withdrawing currency,” Buffett said in…

Buffett: I Might Consider Taking Money Out of Banks If They Charge for DepositsDetails

Gold Pushes through $1,300 as Dollar Suffers Anew

Gold gained for a sixth straight session on Monday, pushing through the psychologically significant $1,300-an-ounce line, as the dollar remained depressed against chief rivals. Precious metals on Friday posted their highest settlements since January 2015, as a slump in the greenback to its lowest level in about 11 months coaxed investors toward dollar-denominated commodities, including…

Gold Pushes through $1,300 as Dollar Suffers AnewDetails

China Debt Load Reaches Record High as Risk to Economy Mounts

China’s total debt rose to a record 237 per cent of gross domestic product in the first quarter, far above emerging-market counterparts, raising the risk of a financial crisis or a prolonged slowdown in growth, economists warn. Beijing has turned to massive lending to boost economic growth, bringing total net debt to Rmb163tn ($25tn) at…

China Debt Load Reaches Record High as Risk to Economy MountsDetails

Gold’s Best Forecasters See Rally Resuming on Rates Caution

Gold, one of this year’s best performing assets, has room to extend its advance, according to top-ranked forecasters, even as the rebound shows signs of losing steam. Capital Economics Ltd. and Cantor Fitzgerald LP are bullish as real interest rates will probably stay low even if the Federal Reserve raises borrowing costs in response to…

Gold's Best Forecasters See Rally Resuming on Rates CautionDetails

U.S. Regulators Fail ‘Living Wills’ at Five of Eight Big Banks

Five out of eight of the biggest U.S. banks do not have credible plans for winding down operations during a crisis without the help of public money, federal regulators said on Wednesday. The banks have until October 1 to resubmit their plans with serious “deficiencies” corrected, or face stricter regulations, like higher capital requirements or…

U.S. Regulators Fail 'Living Wills' at Five of Eight Big BanksDetails