Search Results for: World Bank
A Seoul court has officially declared former shipping giant Hanjin bankrupt
February 18th, 2017
Embattled South Korean shipping giant Hanjin has finally been declared bankrupt. A South Korean court made the decision today that Hanjin Shipping, formerly the world’s seventh-largest container shipper, was officially bankrupt after ruling earlier in the month the firm’s ...
Diebold Nixdorf and Air Bank bridge physical to digital cash access
February 15th, 2017
Air Bank, an emerging financial institution in the Czech Republic, is partnering with Diebold Nixdorf (NYSE: DBD), the global leader in driving connected commerce, based on its ability to innovate and deliver enhanced consumer experiences with the CS 2020 ...
Yen climbs after the nation’s central bank move
February 8th, 2017
Yen climbs, Oil Slumps Before India Rates Decision Japan currency reverses loss as BOJ offers to buy bonds Energy shares decline as crude falls for third straight day The yen rose after the nation’s central bank offered to buy ...
ICICI Securities and Saxo Bank announce new partnership
February 7th, 2017
ICICI Securities Ltd, a subsidiary of ICICI Bank and India’s leading integrated financial services firm and Saxo Bank, the online multi-asset trading and investment specialist, today announce a strategic partnership to offer Saxo’s trading and investment capabilities via a ...
Royal Bank of Scotland to Pay $85 Million Penalty
February 6th, 2017
CFTC Orders The Royal Bank of Scotland to Pay $85 Million Penalty for Attempted Manipulation of U.S. Dollar ISDAFIX Benchmark Swap Rates In Total, the CFTC Has Imposed $570 Million in Penalties for Attempted Manipulation of ISDAFIX Benchmark The ...
Yen fell as the central bank moved to reassert control over rising yields
February 3rd, 2017
Shanghai shares slip as trading resumes after holiday Focus turns to U.S. jobs as investors seek clues on economy Japanese government bonds swung and the yen fell as the central bank moved to reassert control over rising yields, while ...
European Central Banks reports on Euro banknote counterfeiting
February 2nd, 2017
353,000 counterfeit euro banknotes were withdrawn from circulation in the second half of 2016 Around 80% of the counterfeits were €20 and €50 banknotes All euro banknotes can be verified using the “feel, look and tilt” method Euro banknotes ...
Saxo Bank to cut jobs in the digital age
January 26th, 2017
Announcement comes just days after Davos business leaders warned of the threat to white-collar jobs Saxo Bank, a Danish bank that specialises in online trading, is cutting jobs in a drive to “digitise” and “streamline” its business – just ...
British Pound Starts 2017 Significantly Undervalued According to Deutsche Bank
January 7th, 2017
Research from Deutsche Bank places Pound Sterling as one of the world’s most undervalued currencies as we head into 2017. Of 31 currencies analysed, Sterling is third cheapest on a DBeer valuation. The DBeer model is Deutsche Bank’s own ...
Barclays Bank sued for mortgage securities fraud
December 24th, 2016
The United States Department of Justice today filed a civil complaint in the Eastern District of New York against Barclays Bank PLC and several of its United States affiliates (together, Barclays), alleging that Barclays engaged in a fraudulent scheme ...
