Search Results for: Banks
What investors need to know and why a Grexit may not matter
June 22nd, 2015
After enjoying a seemingly unstoppable rise since the beginning of 2015, Europe now seems to be in the headlines for all the wrong reasons. With the Greek tragedy lurching from one ‘deadline’ to the next, an exit of the ...
Greece debt crisis: EU leaders gather for critical summit
June 22nd, 2015
Greece faces a critical 24 hours as European leaders gather for an emergency summit in Brussels that could break the deadlock around the country’s debt crisis. On Sunday, Greek PM Alexis Tsipras set out new proposals to try to ...
Asia cheers Greece’s 11th-hour proposals to avert default
June 22nd, 2015
Asian shares got the week off to a strong start and U.S. stock futures and the euro firmed on Monday, after Greece scrambled to avert defaulting on its debt with last-minute proposals aimed at appeasing its creditors. Financial spreadbetters ...
Greece crisis: Emergency summit called for Monday
June 19th, 2015
An emergency summit of leaders from eurozone nations will be held on Monday, after the latest attempt to resolve the Greek debt crisis failed. A meeting of finance ministers on Thursday made no breakthrough. Head of the Eurogroup, Jeroen ...
FIFA, Iran, HSBC Top To-Do List for Swiss Prosecutor
June 18th, 2015
After winning re-election as Switzerland’s Attorney-General on Wednesday, Michael Lauber went straight back to work. Not that he had much choice with a to-do list that’s getting longer by the day. Swiss authorities last week opened a probe into ...
The Next Great European Financial Crisis Has Begun
June 18th, 2015
The Greek financial system is in the process of totally imploding, and the rest of Europe will soon follow. Neither the Greeks nor the Germans are willing to give in, and that means that there is very little chance ...
What Happens If Greece Defaults On IMF, ECB And Leaves The Eurozone?
June 18th, 2015
Time is running out–yet again–for Greece. The most heavily indebted country in the Eurozone is headed for a showdown with its creditors that may result in a default on its debt, and possibly in its leaving the euro. The ...
MENA economic growth: A good start for Egypt
June 18th, 2015
It is not without its challenges, but the economy is improving – steadily if unspectacularly. A curious place these days, Egypt. Politically, it continues to make liberal-minded observers queasy, whether for sentencing ousted – and democratically elected – Islamist ...
FCA Chose Not to Chase Some Firms in FX Probe
June 17th, 2015
The Financial Conduct Authority chose not to pursue all institutions involved in the foreign exchange rigging scandal, believing that targeting the worst cases would be enough to send a message of deterrence to all. The FCA fined five banks a ...
Danish Firm Set to Revolutionize Cryptocurrency Industry
June 17th, 2015
CCEDK.com, a leading Danish cryptocurrency exchange, has just demolished the final barriers to mainstream acceptance of cryptocurrencies. “We have combined the strengths of digital currencies pioneered by Bitcoin with the universal acceptance of major credit cards,” said CEO Ronny Boesing. “In the ...
