Search Results for: Bank of America
The rich already use robo-advisers, and that scares banks
February 8th, 2016
Morgan Stanley, Wells Fargo, BofA planning automated services Banks are watching wealthy clients flirt with robo-advisers, and that’s one reason the lenders are racing to release their own versions of the automated investing technology this year, according to a ...
Swiss bank cooperates with US as 2 ex-bankers plead guilty
February 5th, 2016
Swiss bank Julius Baer, facing a criminal charge, has agreed to pay $547 million and cooperate for three years with American authorities to shut down accounts that enabled wealthy Americans to evade taxes, authorities announced Thursday. Before lawyers for ...
This Is Really Bad For Banks
February 4th, 2016
Once upon a time, falling interest rates were great for banks. A lower cost of capital gave lenders access to cheap raw material while causing borrowers to clamber for what banks were selling. Large profits usually ensued. But not ...
Which bank is UAE most valuable?
February 4th, 2016
Emirates NBD is UAE’s most valuable bank Firm makes global branding list released by consultants Brand Finance Emirates NBD have been named the most valuable bank in the United Arab Emirates on a global bank branding list released by ...
US Justice Dept hits 80 Swiss banks with penalties
February 1st, 2016
Eighty Swiss banks have agreed to pay the US fines totaling $1.36 billion in order to avoid court prosecution, according to the US Justice Department. After the investigation has been completed all the banks are required to cooperate in ...
Royal Bank of Scotland announces Updates to the Market and Banco Santander publishes 2015 Results
January 27th, 2016
The Royal Bank of Scotland Group plc (“RBS” or “the Group”) today announces a series of updates to the market: 1. Developments during 2015, in particular publication by the International Accounting Standards Board of its exposure draft of amendments ...
Barclays Announces Initiatives in the Investment Bank
January 25th, 2016
Barclays PLC (“Barclays”) has announced several initiatives within its Investment Bank which build on its existing strategy. The Investment Bank will continue to focus on its two home markets in the UK and US and to develop its global ...
Europe’s big banks remain wary of doing business with Iran
January 25th, 2016
Sanctions have been lifted but uncertainty over US authorities’ stance means banks are reluctant to handle payments A week after the lifting of sanctions against Iran, major European banks are still reluctant to handle Iranian payments as they remain wary of ...
How are banks actually going to use blockchains and smart contracts?
January 25th, 2016
Banks are now officially collaborating on connected distributed ledgers, something of a milestone in the blockchain narrative. But how are they actually going to use computational blockchains that can operate that well-known term of art – “smart contracts”? Dr ...
45 leading banks sign up to SWIFT’s global payments innovation initiative
January 22nd, 2016
Major banks around the world take action to dramatically improve the customer experience in cross-border payments SWIFT announces that 45 leading banks have signed up to its global payments innovation initiative, announced at the end of December 2015. The ...
