Search Results for: Banks
Foreign Investors Complain About Russia’s Unpredictable Laws
October 21st, 2015
Unpredictable lawmaking is undermining Russia‘s ability to attract foreign investors, the Foreign Investment Advisory Council (FIAC) — a group of the biggest foreign companies working in Russia — told Prime Minister Dmitry Medvedev on Monday. A report by financial services ...
FS firms told to prepare for avalanche of IoT data
October 20th, 2015
Financial services firms should begin planning for the avalanche of new data that will hit them through the rise of the Internet of Things (IoT), which, if used correctly, could bring huge benefits to the industry, according to a ...
Negative Interest Rates Are Here
October 20th, 2015
Not so long ago, a bank was by definition a business that took deposits from customers, paid them for the use of their money, and lent the cash to other customers at a profit. But that’s not how it ...
MasterCard to Tokenize MasterPass for Online and In-App Shopping
October 20th, 2015
Consumers to Benefit from Increased Security and Convenience When Using Their MasterPass-Enabled Bank-Issued Wallets MasterPass has increasingly been making shopping easier and safer for consumers and merchants in 24 countries around the globe. Today, MasterCard announced it will integrate a fully tokenized ...
Deutsche Bank, Credit Suisse Set to Scale Back Global Ambitions
October 20th, 2015
Regulation, interest rates, economy curbing profitability U.S. firms are grabbing greater share of investment bank fees Europe’s last global banks are caving in to pressure from regulators and preparing to tell investors just how much their aspirations will shrink. ...
Morgan Stanley’s trading rout sets grim tone for fourth quarter
October 20th, 2015
Morgan Stanley on Monday warned that there was little hope for a quick turnaround in its key trading business given the persistence of global growth concerns that helped pummel the bank’s third quarter earnings. Chief Executive James Gorman was ...
CONSOB warns for unauthorised investment firms
October 19th, 2015
The Commissione Nazionale per le Società e la Borsa (Consob), the regulatory authority of Italy, has issued an announcement to inform public and investors for firms not authorised to provide investment services and business in Italy. CONSOB warns for ...
Is China Turning To Bitcoin As Yuan Devalues?
October 19th, 2015
China is seemingly buying up a lot of Bitcoin and alternative currencies like gold right now. The devaluation of their currency has been slashed over the course of the past month. The country’s Foreign Exchange Commission has ordered financial institutions to increase its checks ...
The B2 Group announces PayEX-HP for payment processing
October 19th, 2015
Next generation of PayEX optimized for high transaction volumes and maximum performance The B2 Group, provider of based payments, investment funds and FX automation software and consultancy solutions for transaction banks, third-party administrators, fund companies and corporates across the ...
Egypt central bank devalues pound again to 7.93 per dollar
October 19th, 2015
Egypt’s central bank weakened the value of the Egyptian pound against the dollar Sunday for the second time in a week. The bank said in a statement that it weakened the pound at an auction, dropping the value from ...
