Hindenburg has accused the company of overvaluing its holdings and relying on a “Ponzi-like” structure to pay dividends.
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Hindenburg has accused the company of overvaluing its holdings and relying on a “Ponzi-like” structure to pay dividends.
He replaces Malpass, who was criticised for his stance on climate change and will step down nearly a year early.
The US has been deepening engagement in the Pacific region amid concerns about China’s influence.
Experts say ‘lack of democratic accountability’, transparency continue to define US operations against ‘terror’ threats.
First Republic Bank became the third major US institution to fail in two months.