Search Results for: Banks
Baydonhill relaunches as EarthportFX
July 6th, 2016
Earthport, the leading payment network for cross-border transactions, is pleased to announce that its subsidiary, Baydonhill, which was acquired in 2013, has re-launched as EarthportFX. EarthportFX will offer clients direct access to FX and payment services utilised by some ...
Global stocks slide, bonds surge as Brexit fears resurface
July 6th, 2016
Asian share markets turned tail on Wednesday as fears over instability in the European Union returned with a vengeance, sending the pound to three-decade lows and hammering risky assets of all stripes. In frantic trading reminiscent of the fateful ...
Bank of England published Financial Stability Report
July 5th, 2016
It is the statutory responsibility of the Financial Policy Committee (FPC) to identify, monitor and take action to remove or reduce systemic risks, with a view to protecting and enhancing the resilience of the UK financial system. By fulfilling ...
Asian Shares Retreat With Commodities as Haven Demand Boosts Yen
July 5th, 2016
Aussie falls as RBA leaves key rate unchanged; yen advances Nickel slides from eight-month high as Brent crude below $50 Asian stocks dropped for the first time in a week and European equity index futures fell with commodities as ...
Brexit isn’t the most serious threat to the EU — the euro is
July 4th, 2016
Brexit isn’t the most serious threat to the EU — the euro is One surprising thing about Britain’s vote to leave the EU is that Britain’s economy has been doing better than a lot of European countries. Unemployment in ...
Something Huge Is Coming From Japan
July 4th, 2016
Pretend, for a minute, that your country responds to the bursting of a credit bubble by borrowing unprecedented amounts of money and using it to prop up banks and construction companies. This doesn’t work, so you create record amounts ...
TeleTradeBel, MTBank pass requirements for forex trading software, MTBank to apply for forex broker registration
July 4th, 2016
TeleTradeBel, the Belarusian arm of forex brokerage TeleTrade Group, and lender MTBank have become the first entities to pass the requirements of the Belarusian Currency Stock Exchange (BCSE) regarding financial software for forex trading on the over-the-counter (OTC) market, according to a ...
George Osborne has pledged to cut corporation tax to 15% from 20% rate
July 4th, 2016
George Osborne has pledged to cut corporation tax to encourage businesses to continue investing in the UK following the EU referendum vote. In an interview with the Financial Times, the chancellor said he would reduce the rate to below 15% ...
Russian Finance Firms Form Blockchain Consortium
July 4th, 2016
A group of Russian banks and financial services companies has formed a private-sector consortium focused on blockchain applications. Announced 1st July, the consortium includes payment processing firm QIWI, B&N Bank, Khanty-Mansiysk Otkritie Bank, Tinkoff Bank, MDM Bank, and professional services firm Accenture. The launch came during the 25th International ...
Indian payments industry set for rapid changes
June 30th, 2016
Initiatives such as Jan Dhan Yojana, Aadhaar and mobile technology are giving a boost to banking and payments The amount of cash in circulation in India is estimated at around 18% of the country’s gross domestic product (GDP), making ...
