Search Results for: World Bank
The pensions mess: can gold help?
June 14th, 2016
The British have recently seen two unpleasant examples of the cost of pension fund deficits. A deficit at British Steel, estimated to be about £485m, was followed by a deficit at British Home Stores of £571m. In both cases, ...
Bitcoin Price Hits Two-Year High
June 14th, 2016
The price of the digital currency bitcoin hit a two-year high, trading above $700 on Monday morning after it spiked 21% over the weekend as traders raced in front of an unusual event called the “halving,” an adjustment to ...
Traiana goes live with Barclays and UBS
June 14th, 2016
Traiana, the leading provider of pre-trade risk and post-trade processing solutions, announces today that it has gone live with Barclays and UBS on its Harmony CCP Connect for Equities platform. These new banks will further enhance the netting benefits ...
INTL FCStone Ltd.’s Global Payments Division reports increase in cross-border payments
June 14th, 2016
Facilitated ~101,000 payments in CY Q1 2016; an increase of ~14% vs. CY Q1 2015 Signed 500th institutional client in CY Q2 2016 Transferred more than $22 billion in payments in CY 2015; on track to increase in 2016 INTL FCStone Inc. (NASDAQ: ...
Top 10 international law firm announced revenues of EUR 1bn for 2015
June 13th, 2016
CMS, the top 10 international law firm, today announces its financial results for 2015. Total annual revenues of EUR 1.01bn compared with 2014 revenues of EUR 934.5m, a year-on-year increase of 8.4% Net profit up 6.8% compared with 2014 ...
China opens its huge 8.4 trillion payment cards market to foreign firms
June 10th, 2016
China will allow foreign payment card companies to operate in the country under rules issued on Tuesday, potentially giving groups like Visa Inc (V.N) and MasterCard (MA.N) access to its 55-trillion-yuan ($8.4 trillion) card payment market. Visa and MasterCard, ...
Can Bitcoin Technology Solve the Migrant Crisis?
June 9th, 2016
Staci Warden of the Milken Institute argues that the blockchain could be the future of border control REFUGEES FROM WAR-TORN NATIONS often give up everything they have in an attempt to create a better future for themselves and their ...
4 Unexpected Events That Would Rocket Bitcoin in 2016
June 9th, 2016
The price of bitcoin is undoubtedly volatile, and the enormous swings in price, both up and down, can be difficult to analyze and even harder to predict. A lot of what happens in bitcoinland is wildly unexpected; here are ...
Malta’s financial services sector continued to expand in 2015
June 9th, 2016
Malta’s financial services sector continued to expand in terms of size, reputation and attractiveness in 2015, backed by a resilient regulatory framework, prudential supervision, consumer protection, and strong money laundering prevention mechanisms. New licences, issued during 2015, were registered most notably in ...
French ex-trader Jerome Kerviel wins unfair dismissal case
June 8th, 2016
The French ex-trader Jerome Kerviel, whose unauthorised transactions lost his bank €4.9bn (£3.82bn), has won a claim for unfair dismissal. A labour court said the bank, Societe Generale, had dismissed him not because of his actions, which it must ...
