Search Results for: banks
Italy’s bad bad bank
February 8th, 2016
Europe’s plan for a bad bank in Italy, it turns out, is to not have a bad bank at all. Given how long it has taken, any news is good news. Italy finally reached agreement with the EU in ...
OFX previously known as OzForex says talks to be acquired by Western Union fail, shares slump
February 8th, 2016
Australia’s OzForex Group Ltd said it has terminated talks to be acquired by Western Union after the U.S. money wiring giant failed to submit a binding proposal, sending its shares tumbling nearly 40 percent to an all-time low. The ...
India Becomes Fastest Growing Economy
February 8th, 2016
Industrial reforms have lead to accelerated annualised growth of 7.3% for the last quarter of 2015 – surpassing China. India is forecast to become the fastest growing large economy in the world, surpassing that of China. Figures to be ...
Accenture, PwC, Deloitte, IBM & KPMG: Which consulting firm is best for you?
February 8th, 2016
List: Hybrid IT is on the rise and the complexities of digital transformation mean that consulting firms have an important role to play in simplifying the process. In the early weeks of 2016 there have been a number of ...
Central Bank of the UAE and ADGM sign MOU to enhance Banking & Financial supervision
February 8th, 2016
The Central Bank of the UAE and the Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM) signed a Memorandum of Understanding on 4 February 2016 to formalise a framework to enable ongoing cooperation on the supervision of ...
Top London Lawyers Now Cost More Than £1,000 Per Hour
February 8th, 2016
Report says hourly rates for elite London firms at record high Lack of competition and opaque fee structures are to blame The cost of hiring a top London lawyer has risen to more than 1,000 pounds ($1,445) an hour, ...
Bitcoin: A 21st Century Currency Explained By a Wall Street Veteran
February 8th, 2016
Jason Leibowitz is a former Wall Street professional who pivoted careers in 2014 to focus full-time on digital currency. In this paper, Leibowitz answers questions about how bitcoin was created, how it works and why it matters. It has been ...
It is time for a euro zone finance ministry?
February 8th, 2016
The euro zone needs to press ahead with structural reforms and closer integration, including an euro zone finance ministry, to deliver sustainable growth, the heads of the French and German central banks wrote in a German newspaper on Monday. ...
HSBC fined $470m for ‘abusive mortgage practices’ during 2008 crisis
February 8th, 2016
Settlement with US Department of Justice centres on allegations that bank ‘robo-signed’ thousands of foreclosure documents without reviewing paperwork HSBC has been fined $470m (£325m) for “abusive mortgage practices” in relation to the 2007-2009 housing crisis in which millions of ...
China’s Forex Reserves Plunge to More-Than-Three-Year Low
February 8th, 2016
The world’s largest stockpile of foreign currency fell by $99.5 billion last month China’s foreign-exchange reserves fell to the lowest level in more than three years in January, raising questions about how long Beijing can keep burning through the ...
