Search Results for: World Bank
Banks and tech firms apply blockchain to trade finance
August 10th, 2016
An HSBC (HSBA.L) (0005.HK) and Bank of America Merrill Lynch (BAC.N) venture and financial technology firm R3 said separately on Wednesday that they had created ways of using blockchain technology to simplify trade finance processes. The two banks said ...
World Gold Council, LME and key market participants to launch LMEprecious
August 9th, 2016
The World Gold Council and the London Metal Exchange (LME), together with Goldman Sachs, ICBC Standard Bank, Morgan Stanley, Natixis, OSTC and Societe Generale, today announce their intention to introduce a suite of exchange-traded and centrally-cleared precious metals products. ...
Bank of Israel reports Monetary Policy for the six Months 0f 2016
August 3rd, 2016
Monetary policy: During the first half of 2016, the Monetary Committee decided to leave the interest rate at a level of 0.1 percent. For both July and August, which belong to the second half of 2016, the Monetary Committee also ...
The Reserve Bank of Australia decided to lower the cash rate by 25 basis points
August 2nd, 2016
At its meeting today, the Board decided to lower the cash rate by 25 basis points to 1.50 per cent, effective 3 August 2016. The global economy is continuing to grow, at a lower than average pace. Several advanced economies have recorded ...
Number26 receives banking license
July 22nd, 2016
Number26 becomes N26 and receives a banking license: only 1,5 years after product launch, the FinTech’s N26 Bank is awarded a full German banking license by the Federal Financial Supervisory Authority (BaFin) and the European Central Bank. This provides ...
The man behind the world’s biggest online illegal film site arrested
July 21st, 2016
US officials plan to charge the Ukrainian owner of the Web’s “most visited” piracy site, Kickass Torrents. The site distributes $1 billion worth of illegally copied content and is the world’s 70th most popular site. Attorneys for the US ...
Regulators from around the world issued warnings for unauthorised financial services companies
July 21st, 2016
The Financial Conduct Authority (FCA) of UK, the Central Bank of Ireland, the Sweden’s regulator Finansinspektionen, the Commission de Surveillance du Secteur Financier (CSSF) of Luxembourg, the Swiss Financial Market Supervisory Authority (FINMA), the Spanish Comisión Nacional del Mercado ...
The Central Bankers’ Bold New Idea: Print Bitcoins
July 20th, 2016
When it comes to bitcoin and digital currencies, central banks might be considering the adage: “If you can’t beat them, join them.” In a research paper published on Monday, economists at the Bank of England advocated that central banks issue their own ...
Brexit, banks fueling bitcoin’s resurgence
July 19th, 2016
The bitcoin renaissance seems to be at hand, with investors using the virtual currency to weather turbulent financial markets and banks striking partnerships to explore the system’s underlying technology. Until mid-May, 1 bitcoin fetched on the order of $400 ...
Ex-Rabobank trader to plead guilty in U.S. Libor case
July 7th, 2016
A former Rabobank trader from Australia will plead guilty on Thursday to U.S. charges that he conspired in a huge scandal to manipulate Libor, the leading benchmark for pricing financial transactions, his lawyer said. The expected plea by Paul ...
