Search Results for: banks
FTSE-100 sets aside billions for legal bills
September 26th, 2016
Top UK-listed companies under intense regulatory scrutiny are setting aside more cash than ever before for anticipated legal bills, according to latest research. Thomson Reuters says FTSE 100 companies set aside £31.3bn last year – up nearly £6bn on ...
Thailand’s leading commercial bank adopts Bloomberg’s multi-asset risk solution
September 26th, 2016
Bloomberg, the global business and financial information and news leader, today announced that Thanachart Bank, Thailand’s sixth largest bank by asset size, has selected Bloomberg’s multi-asset risk solution (MARS) for counterparty risk management. A subsidiary of Thanachart Group, Thanachart ...
Asia Stocks Fall as Oil Rebounds Before Output Talks; Lira Sinks
September 26th, 2016
Turkey’s lira extends slide after Moody’s cut rating to junk Crude rebounds ahead of OPEC talks aimed at limiting output Asian stocks dropped by the most in two weeks and futures foreshadowed losses in European and U.S. equities as ...
Commerzbank eyes at least 5,000 job cuts
September 23rd, 2016
Commerzbank AG’s management is eyeing cuts of at least 5,000 jobs, or more than 10% of its workforce, and eliminating one of its units as part of a broader overhaul to address weak profitability amid low interest rates and ...
IBM in blockchain project with China UnionPay
September 23rd, 2016
Another day, another blockchain project unveiled by a bank, technology company, or consultancy. IBM will join the fray this week by announcing a partnership with China UnionPay to let bank customers exchange bonus points in different loyalty schemes. Arguing that such ...
Estonia makes bank account opening easier; Open without visiting a branch
September 23rd, 2016
Estonian residents and e-residents will be able to open current accounts without visiting bank branches according to a draft regulation of the Minister of Finance. “We will make opening a bank account easier and faster for everyone, including e-residents,” ...
Deutsche Bank Woes Sparks Concern Among German Lawmakers
September 23rd, 2016
Social Democrat members said to have discussed bank’s finances Biggest German lender creeps into Berlin’s political debates Deutsche Bank AG’s finances, weakened by low profitability and mounting legal costs, are raising concern among German politicians after the U.S. sought ...
The root cause of monetary confusion
September 23rd, 2016
Arguments about sound and unsound money often degenerate into a them-and-us dispute, with the supporters of unsound money casting sound money proponents as impractical out-of-date libertarian weirdos. Supporting one side or the other as if they were opposing football ...
LSEG signs MoU with Bank Hapoalim to support Israeli high growth companies
September 22nd, 2016
Partnership will see LSEG’s ELITE and Bank Hapoalim collaborate to attract new Israeli companies to ELITE ELITE is London Stock Exchange Group’s international programme for ambitious high growth businesses Group’s first Capital Markets conference in Israel targets high growth ...
Asian Stocks Rally With Won, Bonds After Fed as Crude Oil Gains
September 22nd, 2016
Kiwi weakens as central bank flags more easing; won jumps Iron ore, coking coal and steel prices surge in China Asian stocks rallied With European equity index futures and bonds after central banks including the Federal Reserve indicated monetary policies ...
