Search Results for: banks
Why We Won’t Have a “Lehman Moment” in the 2016 Crash
February 5th, 2016
What the central banks cannot do is create productive places to invest the credit they’ve generated in such excess, or force qualified borrowers to swallow more unproductive debt. One way to lose a war is to focus on preparing ...
Interview with Wall Street Journal
February 5th, 2016
Interview with Yves Mersch, Member of the Executive Board of the ECB, conducted by Brian Blackstone and Tom Fairless on 1 February 2016 Over the last few months we’ve seen oil and commodity prices bringing down inflation. How worried ...
Commonwealth report calls for clearer legislation for virtual currencies
February 5th, 2016
Virtual currencies offer countries a cost-effective, fast and accessible alternative to settling financial payments, but unclear laws and regulations are preventing their responsible development and encouraging their exploitation by criminals, says a new Commonwealth report. Virtual currencies, which allow ...
Swiss bank cooperates with US as 2 ex-bankers plead guilty
February 5th, 2016
Swiss bank Julius Baer, facing a criminal charge, has agreed to pay $547 million and cooperate for three years with American authorities to shut down accounts that enabled wealthy Americans to evade taxes, authorities announced Thursday. Before lawyers for ...
FCA confirms accountability rules for wholesale traders and interim rules on regulatory references
February 5th, 2016
The Financial Conduct Authority (FCA) has published the final rules confirming their approach to improving individual accountability for those carrying out wholesale activities, such as algorithmic and high-frequency trading, in banks, building societies, and Prudential Regulation Authority (PRA) designated ...
Which bank is UAE most valuable?
February 4th, 2016
Emirates NBD is UAE’s most valuable bank Firm makes global branding list released by consultants Brand Finance Emirates NBD have been named the most valuable bank in the United Arab Emirates on a global bank branding list released by ...
Accenture Completes Acquisition of Formicary
February 4th, 2016
Accenture Completes Acquisition of Formicary, Strengthening Systems Integration and Technology Consulting Capabilities in Trading Systems Transformation Accenture (NYSE: ACN) has completed its acquisition of Formicary, a leading provider of systems integration and technology consulting services for trading platforms in ...
Japan’s Largest Bank developed its own digital currency
February 4th, 2016
Bank of Tokyo-Mitsubishi UFJ (MUFG) has revealed that it has developed its own digital currency nicknamed “MUFG coin” as part of its research into blockchain and distributed ledger technology. According to The Asahi Shimbun, the digital currency project seeks ...
Surprises in store…
February 3rd, 2016
The month of January has been a wake-up call for complacent equity investors. From the peaks of last year stock indices in the major markets have fallen 10-20%, give or take. On their own, these falls could be read ...
Oil Prices Could Jump 50% by the End of 2016
February 3rd, 2016
WTI seen averaging near $46 a barrel in Q4; Brent at about $48 U.S. sees domestic oil output falling by 620,000 barrels a day Oil bulls distressed that last week’s rally fizzled can find some comfort in forecasts for ...
