Search Results for: Global banks
Why Are The IMF, The UN, The BIS And Citibank All Warning That An Economic Crisis Could Be Imminent?
October 9th, 2015
The warnings are getting louder. Is anybody listening? For months, I have been documenting on my website how the global financial system is absolutely primed for a crisis, and now some of the most important financial institutions in the ...
5 Mistakes You Should Avoid When Starting A FinTech Company
October 9th, 2015
Even though I worked at a bank for years before founding Coinsetter in late 2012, it’s incredible how little I ultimately knew about how banks and financial institutions work behind the scenes. Starting a bitcoin exchange has been a ...
China launches cross-border payment system
October 8th, 2015
China’s cross-border interbank payments system, established as a yuan-based alternative to the interbank Swift network, has launched with 11 domestic banks and eight foreign institutions onboard. The CIPS platform will be used to support cross-border goods and services trade ...
Stock Market Crash October 2015? 9 Of The 16 Largest Crashes In History Have Come This Month
October 8th, 2015
The worst stock market crashes in U.S. history have come during the month of October. There is just something about this time of the year that seems to be conducive to financial panic. For example, on October 28th, 1929 ...
Six Former Brokers Stand Trial Over Libor
October 7th, 2015
Court hears brokers helped convicted trader Tom Hayes rig interest rate benchmarks for financial gain Six former brokers with nicknames including “Lord Libor” and “Big Nose” helped convicted bank trader Tom Hayes rig interest-rate benchmarks for financial gain, a London court ...
Goldman, Morgan Stanley win back hedge fund trading business
October 7th, 2015
Goldman Sachs and Morgan Stanley are winning back the trading business of hedge fund clients that they lost to European rivals during the financial crisis, as new capital rules spur banks like Deutsche Bank to scale down their businesses. ...
Reserve Bank of Australia (RBA) Monetary Policy Decision
October 6th, 2015
Statement by Glenn Stevens, Governor: Monetary Policy Decision At its meeting today, the Board decided to leave the cash rate unchanged at 2.0 per cent. The global economy is expanding at a moderate pace, with some further softening in ...
EBS BrokerTec acquires Molten Markets
October 5th, 2015
Acquisition completes EBS’s offering for all customer segments EBS BrokerTec, ICAP‘s market-leading electronic foreign exchange (FX) and fixed income business, announces today that it has acquired Molten Markets Inc., a foreign exchange technology provider for asset managers and pension ...
First brokers stand trial over Libor
October 5th, 2015
The first brokers to face prosecution in the global Libor investigation over allegations they helped traders from various panel banks to manipulate the rate by acting as middlemen will go on trial this week in London. The case will ...
NIRP, its likelihood and effect on commodities
October 5th, 2015
In last week’s article I pointed out that negative interest rates should lead to a general shift in consumer preferences from money towards essential goods. Central bankers may wish for this outcome on a controlled basis to allow them ...
