Search Results for: World Bank
Reserve Bank of Australia decided to leave the cash rate unchanged
February 2nd, 2016
At its meeting today, the Board decided to leave the cash rate unchanged at 2.0 per cent. The Reserve Bank of Australia has issued a press release to inform on its decision on interest rate. According to the statement: ...
Bank of America is going big on blockchain
February 1st, 2016
Bank of America is trying to steal a march on the latest developments in the technology behind digital currency bitcoin by loading up on blockchain-related patents. Blockchain works like a huge, decentralized ledger for the digital currency bitcoin which ...
China’s Gold purchases this year will exceed the entire holdings of all but about 20 countries worldwide
January 28th, 2016
China’s gold buying to top 200 tons this year, Barclays says Country seeks to diversify its reserves. China will press on with gold purchases this year and the central bank will probably scoop up more than 200 metric tons ...
Which country is the World’s Favorite New Tax Haven?
January 28th, 2016
The World’s Favorite New Tax Haven Is the United States Moving money out of the usual offshore secrecy havens and into the U.S. is a brisk new business. Last September, at a law firm overlooking San Francisco Bay, Andrew ...
Major UK banks plan robo-advice launches
January 25th, 2016
Major High street banks are moving into robo-advice world as part of their return to the mass advice market. The Financial Times reported that Barclays, Royal Bank of Scotland (RBS), Lloyds and Santander are developing online offerings for their ...
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 ...
Global Stocks Enter Bear Market: One-Fifth Of All Worldwide Stock Market Wealth Is Already Gone
January 25th, 2016
It’s official – global stocks have entered a bear market. On Wednesday, we learned that the MSCI All-Country World Index has fallen a total of more than 20 percent from the peak of the market. So that means that ...
How are banks actually going to use blockchains and smart contracts?
January 25th, 2016
Banks are now officially collaborating on connected distributed ledgers, something of a milestone in the blockchain narrative. But how are they actually going to use computational blockchains that can operate that well-known term of art – “smart contracts”? Dr ...
International central bank committees release reports on fixed income markets
January 22nd, 2016
The Committee on the Global Financial System (CGFS) and the Markets Committee today released two reports on the structure and liquidity of fixed income markets. The CGFS report, Fixed income market liquidity, finds signs of greater fragility, with liquidity conditions ...
45 leading banks sign up to SWIFT’s global payments innovation initiative
January 22nd, 2016
Major banks around the world take action to dramatically improve the customer experience in cross-border payments SWIFT announces that 45 leading banks have signed up to its global payments innovation initiative, announced at the end of December 2015. The ...
