Search Results for: World Bank
Top banks pay $300 b on post-crisis litigation – as costs continue to rise
June 9th, 2015
The post-2010 legal and regulatory bills rose paid out by the top 16 banks in the world rose nearly 20 per cent in 2014 amidst signs that the charges might continue to be incurred, according to the CCP Research ...
HSBC to Sell Units in Brazil and Turkey and Shrink Investment Bank
June 9th, 2015
HSBC will take an axe to its investment bank and seek to cut up to $5 billion in costs in an effort to improve its sluggish performance, Europe’s biggest bank said on Tuesday. The announcement to the Hong Kong ...
Justice Department Readies New Bank Settlements
June 5th, 2015
Federal and state officials are preparing the next round of billion-dollar mortgage settlements involving U.S. and European banks Up to nine banks are in line for the next round of billion-dollar payments related to soured mortgages as federal and ...
3 Critical Fintech Innovation Trends in Banking
June 5th, 2015
Each year, the most exciting innovations in banking are presented at Finovate conferences. While some of the new ideas may never be seen by the general public, the trends of the demos provide insights into the future of financial ...
What are the top 10 cash-based economies of the world?
June 5th, 2015
Did you know that 40% of people in the world do not have a bank account? That is an estimated 2.9 billion people without any access to bank cards or online payments. Most of these people are located in emerging ...
New Bundesbank projection: German economy shows an upward trend
June 5th, 2015
The German economy has recovered more quickly than expected from the cyclical lull in the middle of last year and has returned to a growth path that is underpinned by both domestic and foreign demand. “Domestic economic activity is ...
ECUREX Becomes the First Digital Currency Exchange Platform to Be Fully Compliant with the Swiss Banking Act
June 5th, 2015
ECUREX GmbH announced today that it has become the first digital currency exchange platform to be fully compliant with the Swiss Banking Act. After sixteen months of investigation, the Swiss Financial Market Supervisory Authority (FINMA) released on 19 May 2015 ...
Bitfinex and BitGo Partner to Create World’s First Real-Time Proof of Reserve Bitcoin Exchange
June 4th, 2015
Fully Segregated Trading Accounts Creates Complete Customer Transparency for Enhanced Security Bitfinex, the world’s leading Bitcoin exchange, today unveiled a new Bitcoin settlement and security architecture that for the first time ever offers complete segregation of all customer bitcoins. ...
World Stock Exchanges announce trading volumes for May 2015
June 3rd, 2015
Moscow Exchange Moscow Exchange announces trading volumes for May 2015. The Derivatives Market and FX Market posted the strongest growth, with volumes increasing 33% and 27% YoY, respectively. Secondary market turnover in bonds increased 12%. Equity & Bond Market Secondary market ...
First bitcoin bank is applying for license in Switzerland
June 2nd, 2015
A group of undisclosed investors joined their forces to create the first bitcoin bank in the world. Presently, this bank is applying for a license, reports Die Handelszeitung. According to the newspaper, “several sources” informed journalists about the registration ...
