Search Results for: World Bank’s
Vgenopoulos: there’s no point in Cyprus continuing to investigate me
February 25th, 2016
There are no ongoing investigations in Greece into allegations of wrongdoing by former Laiki Bank strongman Andreas Vgenopoulos, and such investigations in Cyprus have no point, the embattled financier said on Wednesday. In a statement, Vgenopoulos commented on an ...
Goldman Sachs Abandons Five of Six ‘Top Trade’ Calls for 2016
February 11th, 2016
New York bank closes bet on dollar strength versus euro, yen Divergent-rates policy still favors greenback, Himmelberg says Goldman Sachs to clients: whoops. Just six weeks into 2016, the New York-based bank has abandoned five of six recommended top trades for the ...
Deutsche Bank: Germany’s financial colossus stumbles
February 11th, 2016
Deutsche Bank fuelled Germany’s rise to the status of economic powerhouse, financing its industry in the 19th century and helping the country’s economy to rise again from the rubble of the second world war. It took on the giants of ...
China’s Forex Reserves Plunge to More-Than-Three-Year Low
February 8th, 2016
The world’s largest stockpile of foreign currency fell by $99.5 billion last month China’s foreign-exchange reserves fell to the lowest level in more than three years in January, raising questions about how long Beijing can keep burning through the ...
How China’s Plans to Launch Its Own Currency Might Affect Bitcoin
January 26th, 2016
China’s central bank, the People’s Bank of China (PBOC) has revealed that it is in discussions to launch its own digital currency. What does this mean for Bitcoin? A statement by the PBOC about issuing its own digital currency is making its way ...
Greece Reaches Tsipras Anniversary Facing Pension Battle
January 25th, 2016
Bonds sink ahead of tough negotiations over pension reform Government wants speedy end to bailout review with creditors Prime Minister Alexis Tsipras is marking the one-year anniversary of his election on Monday as Greece finds itself once again with ...
Europe’s big banks remain wary of doing business with Iran
January 25th, 2016
Sanctions have been lifted but uncertainty over US authorities’ stance means banks are reluctant to handle payments A week after the lifting of sanctions against Iran, major European banks are still reluctant to handle Iranian payments as they remain wary of ...
Pound dives as Bank of England rules out rate rise amid weak UK growth
January 20th, 2016
Currency traders react to Mark Carney’s downbeat assessment by selling pound to $1.42, its weakest since March 2009 The Bank of England governor has sent the pound into a nosedive after he ruled out an early rise in interest rates, saying ...
Deutsche Bank to Face British Lawsuit Over High-Speed Trading
January 19th, 2016
Deutsche Bank, already troubled by lawsuits and official investigations, faces another challenge. A group of lawyers said on Monday that they planned to sue the company in British court, accusing the bank of using high-speed trading software to profit in foreign ...
imaginBank, Spain’s first mobile-only bank for millennials
January 14th, 2016
CaixaBank creates a new banking model, which can be accessed exclusively through mobile apps. The new bank emerges on the market with a complete range of commission-free products and services, including current accounts, debit cards, consumer loans, personal finance ...
