Search Results for: Banks
Bank of Russia Sets Up Taskforce to Explore Bitcoin and FinTech
February 29th, 2016
It may come as quite a surprise to some people, but the Bank of Russia will be exploring what Bitcoin technology has to offer to the financial world. The status of Bitcoin in Russia seems to be changing on ...
Deutsche Bank: It’s time to buy gold
February 29th, 2016
Gold is still expensive, but rising economic risks and market turmoil mean investors should buy it for insurance, Deutsche Bank said Friday. The recovery since the global and European financial crises had put theprice of gold under some pressure. The ...
Global regulators may propose rules for fintech: FSB’s Carney
February 29th, 2016
Global regulators may propose rules to prevent “fintech” innovations from destabilizing the broader financial system, the G20‘s Financial Stability Board said on Saturday. FSB Chairman Mark Carney said in a letter to central bankers and finance ministers from the ...
UBS investigated for tax fraud and money laundering in Belgium
February 29th, 2016
Swiss bank giant UBS is being investigated over money laundering and serious organised tax fraud in Belgium. A statement from prosecutors said: “The Swiss bank is suspected of having directly, and not via its Belgian subsidiary, approached Belgian clients ...
UK EU exit would be global economy ‘shock’ – G20 leaders
February 29th, 2016
Finance ministers from the world’s leading economies have warned of a “shock” to the global economy if the UK leaves the EU. The ministers gave their opinion in a statement released at the end of a two-day meeting of ...
RBC tests distributed ledger for remittances and loyalty programme
February 26th, 2016
The Royal Bank of Canada (RBC) is the latest financial services giant to go public with its distributed ledger progress, confirming that it is working with Ripple on cross-border payments and experimenting with a blockchain-based loyalty platform. RBC, which ...
EBA launches 2016 EU wide stress test exercise
February 26th, 2016
The European Banking Authority (EBA) released today the methodology and macroeconomic scenarios for the 2016 EU-wide stress test. The stress test is designed to provide supervisors, banks and other market participants with a common analytical framework to consistently compare ...
High Court dismisses KPMG and Barclays swaps scheme
February 25th, 2016
Britain’s biggest banks narrowly avoided a major legal challenge today, when a High Court judge dismissed a case relating to the mis-selling of rate swap products. The case could have had far-reaching implications for a multi-billion pound scheme to compensate victims of ...
Euromoney:Private Banking and Wealth Management Survey 2016
February 25th, 2016
UBS Wealth Management voted best global private bank; revenue outlook dimmer this year; asset management competition heats up. In Euromoney’s 13th annual private banking survey for 2016, UBS Wealth Management has made its way back to the top of ...
Group of Twenty IMF Surveillance Note
February 25th, 2016
The global recovery has weakened further amid increasing financial turbulence and falling asset prices. Activity softened towards the end of 2015 and the valuation of risky assets has dropped sharply, especially in advanced economies, increasing the likelihood of a further ...
