Search Results for: finance industry
Hedge funds confront impact of financial market regulations and challenges of evolving prime broker relationships
November 10th, 2015
29% of funds surveyed have experienced prime broker price increases in past year, while 22% anticipate future increases Hedge fund managers seek new asset growth strategies Investments in technology imperative as managers seek transformational change Hedge fund managers are ...
Spain: EUR 10 million loan under InnovFin for Danobat RDI activities
November 9th, 2015
The European Investment Bank (EIB) has signed a EUR 10 million agreement with Danobat S. Coop. for its RDI activities in the field of machine tools. EIB Vice-President Román Escolano and DanobatGroup’s CEO Iñigo Ucín Azcue signed the finance ...
Mark Carney: Prudent to Expect U.K. Rate Rise in 2016
November 6th, 2015
Bank of England governor comments in exclusive interview Says foreign investment key consideration in Brexit debate Mark Carney says Britons should be ready for a rate increase in 2016. “Would I rather have the majority of the British people ...
Virtusa Announces Definitive Agreement to Acquire a Majority Interest in Polaris Consulting & Services, Ltd.
November 5th, 2015
Virtusa and Polaris would together create a leading global provider of end-to-end IT services and solutions to banking and financial services (“BFS”) industry segment. Virtusa and Polaris collectively will have approximately 18,000 (1) employees, generating $826 million of pro ...
Greece May Win 2 Billion-Euro Payout by Monday, EU Official Says
November 4th, 2015
Greek banks are said likely to need some rescue funds Extra 15 billion euros for Greek lenders seen as unnecessary The Greek government might win a delayed 2 billion-euro ($2.2 billion) aid disbursement by Nov. 9 and the country’s ...
Worldline to join forces with Equens to strengthen its pan-European leadership in payment services
November 4th, 2015
A transformational deal for Worldline, providing the enlarged Worldline Group a highly comprehensive pan-European footprint, with leading positions and offerings in key geographies (France, Belgium, the Netherlands, Germany, Italy, the Nordics). A transaction structured in two components: An asset/share deal in Financial Processing, by merging the processing ...
UBS’s third-quarter 2015 results
November 3rd, 2015
UBS 3Q net profit CHF 2.1bn Net profit attributable to shareholders CHF 2.1bn; diluted earnings per share CHF 0.54 Adjusted1 profit before tax CHF 1.0bn Fully applied Swiss SRB Basel III CET1 capital ratio of 14.3% Fully applied Swiss SRB ...
How Payment Giants Are Embracing Bitcoin and Blockchain Tech
October 30th, 2015
MasterCard‘s participation in Digital Currency Group’s undisclosed funding round sent ripples of excitement across the crypto-sphere earlier this week. While this is MasterCard’s first crypto-related investment, the multinational corporation is not the first mainstream finance company to dip its toe in ...
London is #1 EU tech city – but Nesta warns on cost of living
October 26th, 2015
London has topped Nesta’s index of top EU tech cities for both starting and scaling up – that’s despite it coming last out of 35 cities on the measurement of its cost of living. The team at Nesta consulted ...
A robo-adviser may be in the works for Morgan Stanley
October 23rd, 2015
Wealth Management President Gregory Fleming says a digital platform could attract younger clients to the firm Morgan Stanley may be eyeing its own robo advice platform. During the Money Management Institute fall conference on Wednesday, Morgan Stanley Wealth Management ...
