Search Results for: Banks
London Capital Group (LCG) gains Competitive Advantage with smartTrade Technologies
April 8th, 2015
smartTrade Technologies, a global leader in multi asset, end-to-end trading solutions for Tier1, Tier2, regional Banks, Brokers and Asset Managers, has been selected by London Capital Group, a leading provider of online retail and private clients trading services, to deliver a ...
Bilateral Local Currency Swap Agreement with the People’s Bank of China
April 8th, 2015
The Reserve Bank of Australia has signed a new bilateral local currency swap agreement with the People’s Bank of China (PBC). The agreement, which can be activated by either party, allows for the exchange of local currencies between the ...
Is The Whole World Slowing Down?
April 6th, 2015
The stats just keep getting stranger and, if you’re a policymaker or an investor, scarier. According to a (now widely publicized) McKinsey & Co study, instead of deleveraging after the debt-induced crisis of 2008-2009, the world borrowed another $57 trillion. ...
Citibank Seen as Target for Plea in U.S. Currency Case
April 3rd, 2015
The U.S. Department of Justice is pressing for Citigroup Inc.’s main banking subsidiary to plead guilty to a felony tied to the rigging of foreign-exchange markets, according to two people briefed on the matter. Citigroup has countered with an ...
The Inevitable Failure of Mechanistic Monetary Policy
April 3rd, 2015
Our current faith in central banks’ ability to “make the economy all better, all the time” is horrendously misplaced. We are living in the Cargo Cult Era of Central Bankers. The era began in earnest on December 5, 1996, ...
China’s thriving brokerage minnows set to come under M&A spotlight
April 3rd, 2015
* Stock market boom saw brokers doubling profits in 2014 * Beijing plans to open up sector to more financial firms * Stiff industry competition ahead to lead to more deals In the shoals of China’s little-known stockbrokers, fast-growing ...
IBM hire advisers to deal with restless investors – sources
April 3rd, 2015
Some top shareholders of IBM, disappointed by 11 straight quarters of falling revenues, are seeking help from activist investors to shake up the company, but have been turned down by both Bill Ackman’s Pershing Square and Jeffrey Ubben’s ValueAct, ...
ECB says QE programme already boosting recovery
April 3rd, 2015
The European Central Bank said Thursday it is increasingly confident that its controversial bond purchase programme is helping boost the eurozone’s economic recovery, even as a top official expressed doubts about its effectiveness. In the minutes of the governing ...
Samaras Says He’d Join Alliance to Keep Greece in Euro
April 2nd, 2015
As Greek Prime Minister Alexis Tsipras struggles to secure a financial bailout to stay in the euro, his chief rival said he’s open to offering a political rescue. Opposition leader Antonis Samaras, who was ousted by Tsipras in January ...
German Maastricht debt level for 2014 up slightly to €2.17 trillion – debt ratio down markedly to 74.7%
April 2nd, 2015
According to provisional calculations, general government debt in Germany as defined in the Maastricht Treaty amounted to approximately €2.168 trillion at the end of 2014. The debt level thus increased by €2 billion on the year. Owing to nominal GDP growth, the ...
