Photo: Courtesy of Meera Adnan 

In an apartment in Gaza, a model with a septum piercing wears Meera Adnan’s ’80s-style looks: an oversized jacket with puffy sleeves and extreme-high-waist trousers with shell buttons. The Gaza-based designer typically favors easy suiting pieces that come in oversized silhouettes with a playful retro flair, usually mixing in modern styling effects, such as a Fendi bag and a Prada bucket hat. In the 27-year-old’s current look book, she captured the model with an almost on-the-go flair, with her Palestinian-Gaza passport in her hand and a bottle of Jasmine hair oil on her mantle. Here, looks are casual, like an asymmetrical cream dress with bishop sleeves and an oversized olive blazer that looks plucked from a man’s closet. “If you want to dress it up or want to dress it down, you just can mix it with anything,” she says. “For example, if you are hijabi or if you’re not a hijabi, you still can pull it off.”

Adnan’s collection is deeply personal. The clothes skew oversized, a feature that stemmed from Adnan’s smaller frame. “I was always underweight as a kid, and even as an adult, I used to get a lot of comments about the fact that most women in my society are curvy,” she says. “According to the standards of society, my body looked like a child’s body. I felt like I didn’t look like a woman. For some time when I was in college, I used to dress in oversized clothing because it gave me that freedom of, in a way, hiding my body from people’s expectations, so they wouldn’t know what size I am and then they wouldn’t have a reason to make comments.”

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Lloyd Blankfein wearing a suit and tie: Brendan McDermid/Reuters


© Brendan McDermid/Reuters
Brendan McDermid/Reuters

  • Goldman Sachs’ former CEO Lloyd Blankfein told CNBC on Thursday that a “wash of free money is clearly creating bubble elements in the markets.” 
  • The banking titan blamed low interest rates for creating free money for large investors. 
  • Blankfein also cited speculation in the growing SPAC market: “Look at SPACs and how much money  is available on the basis of somebody’s reputation as opposed to a business plan.”

Former Goldman Sachs CEO Lloyd Blankfein told CNBC on Thursday that a “wash of free money” due to low interest rates is “clearly creating bubble elements in the markets.”

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“Given that money is kind of free, it presumably is not being allocated in a disciplined way, and so there are bubble elements to this,” Blankfein said. “Look at the credit market — people are lending to what historically would have been weak credits for very little money.”

The banking titan also referred to the SPAC market as a sign that the market is taking on much speculation lately. In this year alone, about 110 blank-check firms led by notable investors like Chamath Palihapitiya and Bill Ackman have raised over $40 billion on public markets. That’s over $26 billion more than what last year’s SPACs raised.

Read more: Citi’s US equities chief warns of an ‘extreme peak’ in earnings revisions heading into the crucial reporting season — and explains why it makes stocks vulnerable to a pullback in the weeks ahead

“Look at SPACs and how much money  is available on the basis of somebody’s reputation as opposed to a business plan,” Blankfein said. 

The banking titan can be added to the growing list of investors voicing concerns about the speculative nature in markets. Last week, venture capitalist Bill Gurley said the stock market reminded

SINGAPORE – Some of the world’s biggest banks in commodity trade financing are creating a digital trade finance registry in Singapore to try and mitigate the risk of trade fraud and boost transparency after losing billions of dollars due to a spate of defaults.

Banks have reduced their commodities business this year to cut risk following collapses, including that of Singapore’s Hin Leong Trading (Pte) Ltd, which shocked lenders after instances of financial trouble were laid bare by the coronavirus crisis.

In a joint statement issued on Tuesday, DBS Group DBSM.SI and Standard Chartered STAN.L said they are leading a group of 12 other banks in Singapore to create and conduct a central database to access trade transactions financed across banks.

HSBC, STANDARD CHARTERED’S REPORTEDLY MOVED LARGE SUMS OF ILLICIT CASH FOR 2 DECADES WITH NO IDEA OF MONEY’S ORIGINS: REPORT

“A digital trade registry strengthens trade financing banks’ ability to avoid duplicate financing, and facilitates more sustained credit flow in trade financing,” said Ho Hern Shin, an assistant managing director at the Monetary Authority of Singapore.

Reuters first reported in July that banks are teaming up to strengthen lending practices and improve transparency in the sector.

Entrance to Standard Chartered Bank in the City of London. Standard Chartered PLC is a multinational financial services company headquartered in London, United Kingdom with operations in more than seventy countries. It is a universal bank and has ope

The registry’s proof of concept is supported by Enterprise Singapore (ESG), a government agency that promotes trade, and endorsed by the main representative body of banks.

“This mitigates against duplicate financing from different bank lenders for the same trade inventory, leading to greater trust and confidence among banks and traders alike,”

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