Search Results for: financial crisis
Deutsche Bank AG said it won’t pay the $14 billion sought by the U.S.
September 16th, 2016
Negotiations are ‘just beginning,’ lender says in statement U.S. shares of biggest German bank tumble in extended trading Deutsche Bank AG said it won’t pay the $14 billion sought by the U.S. Justice Department to settle an investigation into ...
Why the EU is doomed
September 16th, 2016
We are accustomed to looking at Europe’s woes in a purely financial context. This is a mistake, because it misses the real reasons why the EU will fail and not survive the next financial crisis. We normally survive financial ...
PwC reports double digit growth for second consecutive year
September 12th, 2016
Revenue up 11% to £3.4bn Growth is reported in all business areas, with particular client demand for cyber security, data analytics and technology services Total number of UK equity partners increased to 926, from 885 last year (4.6% increase) ...
Asia Closes In On UK In Forex Market Dominance
September 8th, 2016
For weeks now, analysts have warned that the U.K.’s dominance in FX trading is waning. Now, for the first time in more than a decade, the U.K.’s share of the global currencies trading market dropped to 37.1 percent, reports ...
Inexperienced Chinese investors are getting stung by fintech scams
September 8th, 2016
China is witnessing a fintech boom. Companies providing electronic payments, cryptocurrency trading and other online financial services there are not only mushrooming, they are among the biggest and most highly rated in the world. The Fintech 100, a ranking ...
The One Trillion Dollar Consumer Auto Loan Bubble Is Beginning To Burst
September 7th, 2016
Do you remember the subprime mortgage meltdown from the last financial crisis? Well, this time around we are facing a subprime auto loan meltdown. In recent years, auto lenders have become more and more aggressive, and they have been ...
G-20 Leaders to Endorse Cross-Border Investment Guidelines
September 5th, 2016
Leaders of the Group of 20 nations meeting this weekend plan to endorse a set of principles designed to guide governments in devising cross-border investment policies, similar to how global agreements govern trade. Officials described the G-20’s plan to ...
World Bank shake-up yields only half Kim’s target of $400m savings
August 30th, 2016
The World Bank is set to make net savings that are half the size of a much-touted $400m target as administrative costs rise on a surge in lending, despite a contentious reorganisation pushed through by Jim Yong Kim, its ...
Foreign exchange trade suspension in Nigeria; Investors dump shares of Nigerian banks
August 25th, 2016
Investors sold shares in Nigerian banks on Wednesday, a day after the central bank suspended nine lenders from foreign exchange transactions for failing to remit money owed to the government. The central bank suspended FCMB, First Bank, United Bank ...
Bank of America escapes $1.3bn fine after court declines to go back on decision
August 23rd, 2016
Bank of America has dodged a $1.3bn (£990m) fine, after a US court decided to drop the issue. The 2nd US Circuit Court of Appeals in New York opted not to reconsider its previous decision to overturn the bumper ...
