Search Results for: Banks
BNP Paribas embraces Silicon Valley through Plug and Play partnership
April 8th, 2016
BNP Paribas and its US subsidiary Bank of the West are looking to bolster their relationship with Silicon Valley through a partnership with the fintech platform of giant technology accelerator Plug and Play. The banks have signed up as ...
China Foreign-Exchange Reserves Rise for First Time in Five Months
April 8th, 2016
Increase comes as the yuan has staged a recovery in recent weeks China’s foreign-currency reserves rose during March, the first increase in five months, a sign Beijing may have partially succeeded in stemming heavy capital outflows that destabilized global ...
Asia markets broadly lower as risk-off sentiment settles in
April 8th, 2016
Asia markets were broadly lower on Friday, after U.S. equities sold off overnight amid renewed concerns over global growth and the effectiveness of central bank policy. Australia’s ASX 200 retraced some of the early losses to trade down 0.4 percent, as ...
A&O and Linklaters win advisory roles on $965m financing of Travelex and UAE Exchange
April 7th, 2016
Allen & Overy (A&O) and Linklaters have won roles advising on a $965m combined financing deal for UAE Exchange Centre and Travelex Holdings backed by nine banks, to support both forex companies’ growth plans. The $890m loan financing with a $75m accordion ...
HSBC, RBS and Barclays plan to close 400 branches
April 7th, 2016
Three of Britain’s largest banks are planning to close about 400 branches this year, according to people familiar with the situation, a new programme of closures that could leave thousands of customers without easy access to a bank. The ...
MasterCard Digital Enablement Service Propels Growth of Secure Digital Transactions across Europe with More than 60 Projects Underway
April 6th, 2016
The adoption of digital payments continues to grow worldwide with MasterCard predicting that by 2020, 38 percent of payments made throughout Europe will be digital. This shift in consumer behavior will be powered safely and securely by the MasterCard Digital ...
Libor trial: former Barclays bankers were ‘driven by money’
April 6th, 2016
Four of the accused, based in New York, were said to have told two co-conspirators in London whether they wanted the rate to go up or down Five former Barclays bankers accused of conspiring to rig Libor interest rates ...
Shinzo Abe Says Countries Must Avoid Competitive Currency Devaluations
April 6th, 2016
Prime Minister Shinzo Abe said countries should avoid competitively devaluing their currencies, speaking after the dollar fell to its lowest level against the yen in nearly a year and a half. The yen’s rise against the dollar has accelerated in the first months ...
Credit Suisse, HSBC dismiss ‘Panama Papers’ tax avoidance allegations
April 6th, 2016
Credit Suisse and HSBC, two of the world’s largest wealth managers, dismissed on Tuesday suggestions they were actively using offshore structures to help clients cheat on their taxes. Their comments came a day after a leak of four decades ...
PwC launches New Global Technology Team to Tap into Blockchain
April 5th, 2016
PwC has recruited 15 leading technology specialists to exploit and commercialise Blockchain, the technology that powers the crypto-currency, Bitcoin. The new Blockchain team will be based in PwC’s Belfast office and is expected to grow to over 40 digital ...
