Search Results for: banks
Piraeus Bank fails to get needed private funding
November 23rd, 2015
Greece’s second largest lender by assets Piraeus Bank SA announced on Saturday that it didn’t manage to raise all the funds needed from private investors, after capital shortfalls outlined by the European Central Bank in October. This means that ...
Why rich Chinese are buying vineyards, islands in cash
November 23rd, 2015
A hundred years ago, Amadeo Modigliani painted a portrait of his wild British mistress splayed across a red velvet throw, nude, her hips arched, her kohl-rimmed eyes shut. The artist was hardly trying to play it safe – Paris ...
Is This How the Next Global Financial Meltdown Will Unfold?
November 23rd, 2015
In effect, a currency crisis is simply the abrupt revaluation of the currency to reflect new realities. I have long maintained that the structural imbalances of debt and risk that triggered the Global Financial Meltdown of 2008-2009 have effectively ...
China busts largest underground banking case
November 23rd, 2015
Police in east China‘s Zhejiang Province have busted the country’s largest underground banking case, which involved transactions totalling 410 billion yuan (64 bln U.S. dollars), the Ministry of Public Security said Thursday. A total of 100 suspects from eight ...
Morgan Stanley Tweaks Brokers’ Pay Plan for 2016
November 23rd, 2015
Minimal changes made a year after brokers grumbled over deferred compensation Morgan Stanley is taking a gentler approach to its broker compensation plan for next year. The securities firm will make small changes to its brokers’ pay plan in ...
ASX, Kospi maintain winning run; Fed-watch continues
November 23rd, 2015
Asian markets continued to trade mixed on Monday afternoon, following a rally on Wall Street last week as investors continue to look out for comments from central bankers on the trajectory of U.S. monetary policy. Major U.S. indices ended ...
Commonwealth Bank Seeks Leading Blockchain Role with Sydney Conference
November 20th, 2015
The Commonwealth Bank of Australia will host a two-day blockchain conference in Sydney next month in an attempt to explore the technology’s potential. According to a Computerworld report, the bank – which recently partnered with distributed ledger startup R3CEV and has experimented ...
China Has a $1.2 Trillion Ponzi Finance Problem
November 20th, 2015
Some 45% of new debt will be used to pay interest: Hua Chuang `Ponzi’ finance was seen by Hyman Minsky as unsustainable Chinese borrowers are taking on record amounts of debt to repay interest on their existing obligations, raising ...
Advice to the Prime Minister/President
November 19th, 2015
Your country faces a stagnating economy. Let us assume your Prime Minister (or President if that is who holds the executive power) seeks advice from two imaginary economists. PM: You two economists have different views on what our economic ...
Brokers in push for mutual funds to be added on HKEx platform
November 19th, 2015
Mutual fund trading platform would bolster Hong Kong as a hub for financial products, brokers say Brokers have urged the Hong Kong Exchanges & Clearing to launch a trading platform targeted at listed mutual fund products. The Hong Kong ...
