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Worldwide investors acquired bonds backed by the crime proceeds of Italy’s most potent mafia, according to economic and authorized documents observed by the Money Moments.

In just one case, the bonds — backed in portion by front firms billed with working for the Calabrian ’Ndrangheta mafia group — have been bought by just one of Europe’s largest private banking companies, Banca Generali, in a transaction the place consulting expert services have been supplied by accountancy group EY.

An approximated €1bn of these private bonds have been sold to worldwide investors amongst 2015 and 2019, according to market place members. Some of the bonds have been linked to belongings afterwards exposed to be made by front firms for the ’Ndrangheta.

The ’Ndrangheta is considerably less properly-regarded outdoors Italy than the Sicilian mafia but has risen above the

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Financial Training 2020: methodology and key

This is the ninth edition of the FT International Masters in Finance rankings, which checklist both pre-expertise programmes and post-expertise levels.

The FT defines pre-expertise programmes as all those aimed at pupils with minimal or no expert expertise, though post-expertise programmes demand participants to have labored in finance. Most full-time programmes are aimed at pre-expertise pupils.

Masters in money engineering levels are not incorporated in these rankings as they are inclined to area higher emphasis on quantitative skills.

Programmes need to meet stringent standards to be eligible. They need to be full-time, cohort-based mostly and have a minimum of 30 graduates each and every yr. Lastly, the schools need to be accredited by possibly AACSB or Equis.

A whole of eighty three schools took section in the 2020 edition of these rankings, 79 in the pre-expertise rating and 5 in the post-expertise listing. One particular faculty, Singapore Administration University’s Lee

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