NEWS

Bloomberg: Citi Names Fraser as First Female CEO of Wall Street Bank

Category: Accounting / Financial

Citigroup Inc. picked Jane Fraser as its next chief executive officer, placing the first woman atop a major Wall Street bank. Fraser will succeed Mike Corbat, who is retiring in February after more than eight years in the top job. Fraser, who was named the company’s president last year in a move that marked her as […]

Source: Bloomberg

Published: October 9, 2020

Regjeringen: Forenkler eksportfinansieringen for næringslivet

Category: Accounting / Financial

Regjeringen slår sammen GIEK og Eksportkreditt Norge, for å gjøre eksportfinansiering enklere for næringslivet. Ved utgangen av 2019 hadde GIEK eksportgarantier for 82 milliarder kroner, mens det fra Eksportkreditt Norge var gitt 65 milliarder kroner i lån. Aktørene deltar i mange av de samme prosjektene. 72 prosent av lånene hos Eksportkreditt Norge var garantert av […]

Source: Regjeringen.no

Published: September 2, 2020

IMF Staff Country Reports: Norway : Financial System Stability Assessment-Press Release; and Statement by the Executive Director for Norway

Category: Accounting / Financial

Much of the work of the Financial Sector Assessment Program (FSAP) was conducted prior to the COVID-19 pandemic, with the missions ending on February 13, 2020. Given the FSAP’s focus on medium-term challenges and vulnerabilities, however, its findings and recommendations for strengthening policy and institutional frameworks remain pertinent. The report was updated to reflect key […]

Source: IMF

Published: December 8, 2020

Institutional Investor: Why Did a Hedge Fund Manager Worth $700 Million Take a $630,000-a-Year Job Managing an Oil Fund?

Category: Accounting / Financial

At 3:00 in the afternoon on Thursday, November 14, a small group of the world’s most powerful people prepared to board two chartered airplanes in two separate European capitals. They were headed for Philadelphia for a weekend-long event that had been several years in the making for its creator, Nicolai Tangen, the Norwegian founder of […]

Source: Institutional Investor

Published: August 2, 2020

CNBC/Reuters: UPDATE 2-Norway wealth fund earned a record $180 bln in 2019

Category: Accounting / Financial

OSLO, Feb 27 (Reuters) – Norway’s sovereign wealth fund, the world’s largest, made a 19.9% return on investment last year, earning a record 1.69 trillion Norwegian crowns ($180 billion) as stock markets rallied, it said on Thursday. The $1.1 trillion fund’s return for the year was stronger than that of its benchmark index, it added. […]

Source: CNBC