Search Results for: Banks
What Else Can Central Banks Do?
October 28th, 2016
Central banks all over the world took dramatic actions during the Great Recession and its aftermath. For example, the US Federal Reserve took the “federal funds” interest rate down to near-zero in December 2008 and left it there until ...
London banks are reportedly stockpiling Bitcoin to pay off potential ransom demands of cyber criminals
October 26th, 2016
THE threat of debilitating attacks launched by hackers has become so concerning that financial institutions in London are reportedly stockpiling Bitcoin to pay off potential ransom demands of cyber criminals. On Friday in the US, a number of major ...
Blockchain platform developed by Banks to be Open-Source
October 23rd, 2016
A blockchain platform developed by a group that includes more than 70 of the world’s biggest financial institutions is making its code publicly available, in what could become the industry standard for the nascent technology. The Corda platform has ...
Nigerian Banks Suspend Use of ATM Cards Abroad
October 17th, 2016
Several commercial banks in the country have suspended the use of their naira ATM cards abroad by their customers. On Friday, Stanbic IBTC Bank and Standard Chartered Bank Nigeria announced that customers won’t be able to use their naira ...
About 15 Swiss banks reportedly in money laundering ‘red zone’
October 17th, 2016
Roughly 15 Swiss banks are in a”red zone” of lenders particularly exposed to money laundering risks, the head of Swiss banking watchdog Finma said in a newpaper interview published yesterday. Swiss federal prosecutors last week said they have opened ...
Bill Gross: Central Banks Are Pushing Investors to Bitcoin
October 5th, 2016
Risky markets and an incapable central banking culture could drive investors into the arms of bitcoin and gold, billionaire asset manager Bill Gross opined in a recent note to investors. Gross, who founded the Pacific Investment Management Co and ...
Japan banks target fintech start-ups after law change
September 26th, 2016
Change to 5% ownership cap part of national effort to push financial technology Japan’s biggest banks are looking to pour hundreds of millions of dollars into fintech start-ups after the abolition of a law that prevented them from owning more than ...
Oil-price gains wiped out as traders look to central banks
September 20th, 2016
Oil futures eased in early Asia trade Tuesday, wiping out overnight gains during the New York trading session, as traders await the outcome of the U.S. and Japan central banks policy meetings. On the New York Mercantile Exchange, light, ...
China Rich Help Europe Banks Raise $14 Billion Since August
September 19th, 2016
Eight European finance companies opened books in Asia hours ‘Asian investors tend to be more yield hungry,’ JPMorgan says The appetite of China’s wealthy to diversify from a weakening yuan is helping European finance companies boost capital to prepare ...
Fintech Startup Transferwise Moves Away From Banks
August 30th, 2016
Transferwise Inc., the global money transfer startup, is getting ready to free itself from relying on banks. The five-year-old London-based company is known for splashy ad campaigns. These feature nearly-nude employees as a way to show how much more ...
