Search Results for: World Bank
Egyptian central bank outlines plan to help small firms
January 11th, 2016
Egypt’s central bank on Sunday issued guidelines on how it will incentivise banks to participate in a “comprehensive programme” to help finance small- and medium-sized enterprises in the latest move to try and create jobs and support its battered ...
Banks Still Closing Accounts Over Bitcoin Activity
January 11th, 2016
Finding a bank that makes it easy to buy and sell bitcoin continues to be a challenge. The problem doesn’t come as a surprise to CCN readers, given that some major banks have questioned the need for bitcoin. (Some ...
Tech trends 2016: Cybersecurity in the connected world
January 5th, 2016
This year, cybersecurity will be the main issue vexing global business, firms say, and it will become more critically important as the internet of things takes off and our world becomes ever more mobile and connected. Lawyers, accountants, digital ...
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 ...
The World Economy’s Winners and Losers in 2015
December 31st, 2015
When the final numbers are tallied, 2015 will probably count as another disappointing year for global growth. The muted performance came even as central banks continued to pump in liquidity, oil prices plunged again and inflation was moderate. It was also a year ...
Germany’s DAX Beats World With More Gains Expected
December 30th, 2015
German stocks outperformed European and global peers in 2015. Investors are betting on more gains next year. The DAX Index climbed to 27 fresh peaks this year before tumbling into a bear market, and volatility more than doubled. Still, ...
January 1, 2016: The New Bank Bail-In System Goes Into Effect In Europe
December 30th, 2015
If you have a bank account anywhere in Europe, you need to read this article. On January 1st, 2016, a new bail-in system will go into effect for all European banks. This new system is based on the Cyprus ...
Credit Suisse, Barclays and Deutsche Bank under new management
December 28th, 2015
In 2015, new bank chief executives have been rather like buses. You wait ages while anger mounts over regulation of the service, then three turn up at once. In the space of seven months in 2015, a trio of ...
US Swiss bank program reaches $1B in fines
December 28th, 2015
US officials announced settlements with four more Swiss banks Wednesday to lift the total fines in the two-year disclosure program to more than $1 billion from 75 banks. “With today’s resolutions under the Swiss Bank Program, the department has ...
What is blockchain, and can IBM, Intel, and big banks use it to remake the internet?
December 23rd, 2015
Linux was once thought of as the ugly duckling of OS world, an indulgence appealing only to system administrators, power-users, and shut-ins. Today, the Linux kernel underlies Google’s Android OS, the most widespread mobile platform in the world, and ...
