Search Results for: Banks
Greek Financial Markets to Open as Talks With Creditors Continue
August 3rd, 2015
Greek financial markets reopen on Monday after a five-week suspension as talks continue with creditors on austerity measures and reforms required for a third bailout. Local traders will be able to buy stocks, bonds, derivatives and warrants under certain conditions, according ...
China makes FX rules ready for foreigners to trade its commodity futures
August 3rd, 2015
Foreign investors will be allowed to transfer either foreign currency or yuan funds into China to trade in the country’s commodity futures markets, the foreign exchange regulator said on Friday. The imminent opening of its booming commodity futures market ...
RBS, Credit Suisse recommend buying Greek debt
July 31st, 2015
It is barely two weeks since Greece was on the brink of crashing out of the euro, yet some investment banks are now encouraging investors to return to its bond market. A last gasp deal on 13 July saw ...
Mobile payments trend is getting bigger: MasterCard to connect Europe to Samsung Pay
July 30th, 2015
Samsung has struck a deal with MasterCard to connect European card issuers to the handset manufacturer’s forthcoming mobile payments service. Under the agreement, European banks will be able to connect to the MasterCard Digital Enablement Service platform and activate ...
Currency Devaluation: The Crushing Vice of Price
July 30th, 2015
Devaluation has a negative consequence few mention: the cost of imports skyrockets. When stagnation grabs exporting nations by the throat, the universal solution offered is devalue your currency to boost exports. As a currency loses purchasing power relative to the currencies ...
BNP Is Considering Its Biggest Bank Revamp Since the Crisis
July 30th, 2015
BNP Paribas SA is considering a reorganization of its securities unit that may bring the deepest cost cuts since the financial crisis. France’s largest bank enlisted Oliver Wyman and Boston Consulting Group to work on the revamp, dubbed “CIB ...
Asian shares, dollar up on Fed’s optimism; earnings in focus
July 30th, 2015
Asian stocks tiptoed higher on Thursday and the dollar consolidated recent gains after the U.S. Federal Reserve painted a relatively bright picture of the economy, but a deepening sell-off in commodities kept gains in check. Prospects of stronger U.S. ...
RBS to Raise $2.2 Billion From Citizens Stake Sale
July 29th, 2015
U.K. bank previously raised $3.2 billion from selling shares in U.S. lender in March Royal Bank of Scotland Group PLC said Wednesday it plans to raise $2.2 billion from the sale of 86 million shares in Citizens Financial Group ...
Forexware Invests in Asia with New Shanghai Operations
July 29th, 2015
Forexware, a leader in end-to-end forex (FX) solutions, as part of its continued expansion into the Asian market, today announced an arrangement with Shanghai Fu Li Lai Information and Technology Limited to act as an exclusive reseller of Forexware ...
Blockchain-based SETL plans to revolutionise payment and settlement
July 29th, 2015
A new venture plans to create a multi-asset, multi-currency institutional payment and settlements infrastructure based on blockchain technology. Called SETL, the venture is backed by Peter Randall, former chief executive at Chi-X, the multilateral trading facility that is now ...
