Search Results for: World Bank
Morgan Stanley: Central Banks Are Playing a Game of Chess That Results in an Endless Cycle of Easing
September 2nd, 2015
The struggle for inflation is real and strategic After the European Central Bank decided to initiate an asset purchasing program, President Mario Draghi reportedly elected to unwind with a game of chess on his iPad during the plane ride back to ...
Barclays set to become first UK high street bank to accept bitcoin
August 31st, 2015
Company set to partner with a ‘bitcoin exchange’ or spending platform Has two bitcoin ‘labs’ in London and has been collaborating with start-ups Bought with real money and traded online, a bitcoin is worth around $230 It can be ...
Kuroda Says Bank of Japan Can Still Achieve Inflation Target
August 27th, 2015
BOJ stands ready to adjust record stimulus if needed Central bank has “many options” for its monetary policy The Bank of Japan can achieve its 2 percent inflation target with the current level of monetary stimulus, even as it stands ...
Bitcoin 2.0: What do banks want from blockchains?
August 25th, 2015
Most financial institutions are currently in stealth mode, trying to wrap their heads around some version or other of a blockchain, the shared ledger system made famous by Bitcoin. But banks don’t want decentralisation or anonymity or open access. ...
U.S. banks moved billions in trades beyond CFTC’s reach
August 24th, 2015
This spring, traders and analysts working deep in the global swaps markets began picking up peculiar readings: Hundreds of billions of dollars of trades by U.S. banks had seemingly vanished. “We saw strange things in the data,” said Chris ...
Investors launch legal battle over alleged £50m fund fraud run by Capital World Markets
August 20th, 2015
Victims of an alleged £50 million fund fraud have taken legal action in a bid to get their money back, according to The Times. The class action sheds light on money flows from the CWM fund, which promised investors ...
Law firms head to the banks as lawyers target expansion
August 19th, 2015
Lending tops £7.3bn as firms borrow to fund M&A, overseas offices, and lateral hires Long-term lending to UK law firms has risen by 28 per cent over the last four years to £7.35bn, as firms compete to capture a ...
23 Nations Around The World Where Stock Market Crashes Are Already Happening
August 18th, 2015
You can stop waiting for a global financial crisis to happen. The truth is that one is happening right now. All over the world, stock markets are already crashing. Most of these stock market crashes are occurring in nations ...
British banks facing billions in fines over forex-rigging scandal
August 18th, 2015
British banks could face billions of pounds of civil claims over the rigging of the ‘wild west’ foreign exchange markets following a landmark court case in New York. Barclays, HSBC and Royal Bank of Scotland were among nine banks ...
Welcome to the world of ZIRP zombies
August 14th, 2015
Interest rates in the US, Europe and the UK were reduced to close to zero in the wake of the Lehman crisis nearly seven years ago. Initially zero interest rate policy (ZIRP) was a temporary measure to counter the ...
