Search Results for: World Bank
Libor trial: former Barclays bankers were ‘driven by money’
April 6th, 2016
Four of the accused, based in New York, were said to have told two co-conspirators in London whether they wanted the rate to go up or down Five former Barclays bankers accused of conspiring to rig Libor interest rates ...
R3 banking blockchain consortium partners with Microsoft Azure
April 5th, 2016
The R3 distributed ledger consortium of 40-plus global banks has chosen Microsoft Azure cloud to host its labs and provide its members with easy access to those firms already added to Azure’s Blockchain as a Service platform. R3 named ...
PAYFORT integrates SADAD Account via FORT to further open up the world of ecommerce for Saudi consumers
April 4th, 2016
Next generation payment gateway, ‘FORT’, now allows merchants to offer even more online payment options in Saudi Arabia PAYFORT, the Arab world’s leading online payment service provider, and SADAD Payment System (SADAD) today announced the arrival of SADAD Service ...
Bank of America Makes Online Payments Seamless With Visa Checkout
April 4th, 2016
Streamlines Access and Simplifies Enrollment Through Bank of America’s Online Banking In the latest step at simplifying consumer payments, Bank of America announced today that it will pre-select customers’ eligible Visa cards for enrollment in Visa Checkout directly from ...
Oil to rebound to around $50 by year end – Saxo Bank
March 28th, 2016
Several factors are helping oil prices gain ground The past two months of oil price volatility have taken its toll on the financial markets, with the main culprits for this dramatic price fall being excess production, concerns about a ...
China’s yuan to face pressure if dollar rises sharply: c.bank adviser
March 25th, 2016
China’s yuan will come under renewed downward pressure if the U.S. dollar rises significantly in coming months, a policy adviser to the People’s Bank of China said on Friday. Huang Yiping, a professor at Peking University and a member ...
Helicopter Money: Global Central Banks Consider Distributing Money Directly To The People
March 24th, 2016
Should central banks create money out of thin air and give it directly to governments and average citizens? If you can believe it, this is now under serious consideration. Since 2008, global central banks have cut interest rates 637 ...
Santander Becomes First Uk Bank To Launch Voice Banking Technology
March 22nd, 2016
PHASE ONE WILL ENABLE CUSTOMERS TO TALK TO THEIR SANTANDER SMARTBANK APP AND ASK ABOUT THEIR CARD SPENDING Secure, simple to use, helps people easily keep track of their cash Eliminates the need to manually search through statements to ...
HMRC Welcomes Bank Bonus Tax Scheme Ruling
March 22nd, 2016
HM Revenue and Customs (HMRC) has welcomed a court ruling against a major tax avoidance scheme used by banking giants UBS and Deutsche Bank, in which the agency successfully argued that the scheme had been designed to avoid around ...
Will bitcoin provide banks with their ‘Kodak Moment’?
March 16th, 2016
The world’s banks are facing a ‘Kodak Moment’ if they continue to dismiss the virtual currency bitcoin as just the opening act for more revolutionary blockchain-based innovation, says Max Tannahill, a business change and implementation manager at ANZ It ...
