Search Results for: European banks
The UK and China have reached a new fintech agreement
November 16th, 2016
In the latest example of cross-border cooperation between governments on fintech, the UK and China agreed to form a fintech bridge on Thursday, as part of a series of new measures to strengthen economic ties between the countries. The UK already has ...
Barclays’s 25% London Office Space Cut Signals Glut Threat
November 2nd, 2016
Space being cut in London is equivalent of about 5,000 desks Tenants are getting upper hand in rental talks, Jefferies says Barclays Plc’s decision to cut 25 percent of its London office space highlights the growing risk that tenants will ...
Armenia passes a new package of laws regulating the local financial markets
October 31st, 2016
The Armenian parliament has passed a package of laws regulating the local financial markets and amendments to the law on the securities market, following close cooperation with the European Bank for Reconstruction and Development (EBRD). The EBRD welcomed the ...
Gobal ATM owner and operator launches in Spain
October 27th, 2016
Cardtronics (Nasdaq:CATM), the world’s largest ATM owner / operator that provides services to approximately 200,000 cash machines globally, announced it has launched its ATM business in Spain through separate agreements it has signed with EURO 6000 and SuperCOR (El ...
Monte Paschi sees €4.8 billion loss in 2016; cuts thousands of jobs
October 25th, 2016
Italy’s third-largest bank, Monte dei Paschi di Siena, has resolved to write down bad loans, lay off a tenth of its staff and raise €5 billion. The planned overhaul could shape the fortunes of the country’s wider banking sector. ...
Dollar Climbs as Asian Stocks Advance Amid Earnings; Oil Falls
October 24th, 2016
Speeches by Fed officials may affect outlook for U.S. rates Offshore yuan sinks toward all-time low after record outflows The dollar strengthened versus most of its major peers, buoyed by the prospect of U.S. interest rates being raised at ...
Lloyds Banking Group to introduce new state of the art fraud prevention technology
October 13th, 2016
Lloyds Banking Group is set to become the first organisation in Europe to introduce new state of the art fraud prevention technology, helping protect its 30 million customers from telephone fraudsters.The patented Phoneprinting™ technology, developed by call centre fraud ...
China’s yuan sinks to six-year low, then erases losses
October 10th, 2016
China’s yuan fell to its lowest level in six years early Monday, breaching a key psychological threshold, before erasing the losses on the first day of trading after a week-long holiday. Traders said the weakening of the yuan CNY=CFXS reflected strength ...
Trade deals – a global issue
October 7th, 2016
The annual Conservative Party conference commenced last Sunday, and the media focus was mostly about the Government’s stance on Brexit. This is hardly surprising, because Mrs May is being secretive, avoiding stoking a public spat with the EU by ...
World Gone Mad, Part 1: “Huge Demand” To Lend Italy Money For 50 Years
October 6th, 2016
You read that right. Not only is Italy selling 50-year bonds, but people are lining up buy them. Italy’s first 50-year bond sale had huge demand (Reuters) – Italy sold its first 50-year bond on Tuesday as ...
