Search Results for: Global banks
R3 brings eleven major global financial institutions together on a cloud based distributed ledger
January 21st, 2016
Financial technology innovation company, R3 CEV, today announced the successful completion of a ground breaking distributed ledger experiment involving eleven of the world’s largest financial institutions. R3 and consortium member banks Barclays, BMO Financial Group, Credit Suisse, Commonwealth Bank of ...
Italian Banks Lead European Decliners on Bad-Loan Concerns
January 19th, 2016
Italy’s government has been struggling to set up a bad bank Country’s bad loans reached 201 billion euros in November Italian banks dropped in Milan, leading declines in the European Stoxx 600 Banks Index, reflecting investor concerns about lenders’ ...
EBA publishes revised final draft technical standards and Guidelines on methodology and disclosure for global systemically important institutions
January 14th, 2016
The European Banking Authority (EBA) published today revised final draft technical standards and Guidelines on the further specification of the indicators of global systemic importance and their disclosure. The need for this revision was prompted by the new data ...
Multipolarity: The Next Step After Globalization?
January 14th, 2016
The world economy during the last few decades has experienced “globalization,” a broad and admittedly vague term which refers among other factors to a rise in the ratio of world exports to world GDP, as well as the pattern ...
Standard Chartered among banks in China forex ban – sources
January 7th, 2016
Standard Chartered (STAN.L) is among three lenders that China’s central bank last week suspended from conducting some foreign exchange business until the end of March, two sources with direct knowledge told Reuters on Wednesday. Reuters reported on Dec. 30 ...
China cracks whip on foreign banks with forex shut-out
January 4th, 2016
* Beijing targets “aggressive” trading to stem capital flows * Also wants to narrow onshore-offshore yuan gap * China-based banker says “easy-money” arbitrage days now gone Chinese authorities are starting to police the nation’s foreign exchange market in a ...
Global growth will be disappointing in 2016: IMF’s Lagarde
December 30th, 2015
Global economic growth will be disappointing next year and the outlook for the medium-term has also deteriorated, the head of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday. IMF Managing Director ...
Bank of America to obtain clearing membership with MOEX FX Market. The first non-resident global bank
December 28th, 2015
Bank of America, National Association (BANA) is set to join Moscow Exchange’s FX Market as a clearing firm. The Bank is in the process of finalizing necessary documentation and will begin active trading in January 2016. It will trade via Merrill Lynch ...
How banks are trying squelch Bitcoin’s momentum
December 21st, 2015
There is no question that Bitcoin is causing a lot of worry and hand-wringing in the banking sector — and in national governments uncertain of how to regulate it. It is, after all, a highly disruptive technology — one ...
Global stocks, dollar climb as Fed lifts off
December 17th, 2015
Asian stock markets jumped on Thursday as investors chose to take an historic hike in U.S. interest rates as a mark of confidence in the world’s largest economy, lifting the dollar and piling on the pain for oil prices. ...
