Search Results for: Global banks
BNP Sued Over $650 Million `Wet Ink’ Error in Al-Sanea Deal
November 3rd, 2015
Golden Belt Sukuk sues French lender in $650 million lawsuit Saudi tycoon’s Saad Group defaulted on the deal in 2009 BNP Paribas SA is being sued by the trustee of a $650 million Islamic finance transaction who said the ...
Asian Stocks Track S&P 500 Gains; Aussie Rises as RBA Stays Put
November 3rd, 2015
Stocks rise from Sydney to Seoul as holiday closes Tokyo S&P 500 topped 2,100, back to pre-yuan devaluation levels Asian stocks climbed after signs of stabilization in global manufacturing activity helped drive the Standard & Poor’s 500 Index to ...
Visa Inc. to Acquire Visa Europe
November 2nd, 2015
Further to the released published today: Visa To Keep UK Presence After BoE Steps In, the company has just announced a definitive agreement for Visa Inc. to acquire Visa Europe. Strategic Acquisition to Create One Global Company That Further Extends Visa’s ...
Mario Draghi Interview: We must propose a way forward to Europeans
November 2nd, 2015
Interview with Il Sole 24 Ore Interview with Mario Draghi, President of the ECB, conducted by Alessandro Merli and Roberto Napoletano, published on 31 October 2015 President Draghi, in Malta last week, you stressed the downside risks for both ...
Visa To Keep UK Presence After BoE Steps In
November 2nd, 2015
The Bank of England wants Visa Inc to keep a big UK presence after the $23.5bn takeover of Visa Europe, Sky News learns. The Bank of England has told the credit card giant Visa to keep a substantial presence ...
Saudi Arabia reacts sharply to S&P downgrade of kingdom’s debt rating
November 2nd, 2015
Saudi Arabia yesterday reacted sharply to Standard & Poor’s move to downgrade the kingdom’s debt rating. The debt rating agency said it would downgrade Saudi Arabia’s long-term rating a notch, from AA- to A+ with “a negative outlook”, citing ...
China raises central rate for yuan by largest amount in a decade
November 2nd, 2015
China raised the central parity rate of the yuan by 341 basis points to 6.3154 against the US dollar on Monday (2 November), the largest amount by far on a single day in a decade. The move comes at ...
How Payment Giants Are Embracing Bitcoin and Blockchain Tech
October 30th, 2015
MasterCard‘s participation in Digital Currency Group’s undisclosed funding round sent ripples of excitement across the crypto-sphere earlier this week. While this is MasterCard’s first crypto-related investment, the multinational corporation is not the first mainstream finance company to dip its toe in ...
Fiat money quantity update
October 30th, 2015
After a few months of slower growth, FMQ has picked up again. FMQ is the sum of True Money Supply (as defined by the Austrian School of Economics), plus the banking system’s reserves and other banking-related liabilities on the ...
Rabobank trader tells jury he ignored traders’ requests to rig Libor
October 29th, 2015
A former Rabobank trader accused of engaging in a scheme to manipulate Libor told a jury on Wednesday that he sometimes learned of improper requests from traders to rig the benchmark rate, but never acted on them. The testimony ...
