The concept of the shadow financial system rose to international prominence in the aftermath of the 9/11 terrorist attacks. In an interview with a Pakistani newspaper a month later, Osama bin Laden ...

The United States has arrested five international fugitives in Southern California at the request of the Federal Republic of Germany, which alleges the individuals were key players in a vast network ...

Broadridge Financial Solutions has acquired Shadow Financial Systems to build on its current post-trade processing capabilities. The acquisition adds a solution for exchanges, inter-dealer brokers and ...

In the 2008 crash, unregulated financial institutions—structured investment vehicles, asset-backed commercial paper issuers, ...

China’s crackdown on borrowing by local governments is forcing state-run entities in even some of the wealthiest provinces to ...

LONDON, Feb & (Reuters) - The shadow banking system makes up 25 to 30 percent of the total financial system, according to the Financial Stability Board (FSB), a regulatory task force for the world's ...

“Shadow banking” now accounts for $250 trillion, or 49% of the world’s financial assets, according to the Financial Stability Board. Hedge funds manage 15 times as many assets combined as they did in ...

Last year, several large banks—Silicon Valley Bank, Signature Bank, and First Republic—failed. Financial regulators interrupted the cascade by expanding deposit insurance and establishing a new ...

Entities owned by local governments are borrowing billions from trust companies and leasing firms at rates of 8 per cent or ...