Search Results for: central banks
Euromoney:Private Banking and Wealth Management Survey 2016
February 25th, 2016
UBS Wealth Management voted best global private bank; revenue outlook dimmer this year; asset management competition heats up. In Euromoney’s 13th annual private banking survey for 2016, UBS Wealth Management has made its way back to the top of ...
China Stocks Plunge More Than 6% as Money-Market Rates Increase
February 25th, 2016
China’s stocks tumbled the most in a month as surging money-market rates signaled tighter liquidity and the offshore yuan declined for a fifth day. The Shanghai Composite Index sank 6.4 percent at the 3 p.m. close, extending its declines ...
European debt sales top €100 billion for the first time since 2008
February 18th, 2016
Sales of loan portfolios by deleveraging banks in Europe reached a record €104 billion last year, with the UK accounting for more than one-third of the total, according to new research from KPMG. Britain accounted for 37 percent of ...
Pimco’s $12 Billion Standoff Over Austria Bad Bank
February 17th, 2016
Filings show bond funds bought distressed debt in 2014 German banks have biggest incentive to take Hypo Alpe offer As the health of banks roils markets anew, the last financial crisis is still playing out in Austria, with Pacific Investment Management ...
Brazil’s Independent Brokers Are Losing Money Like Crazy
February 16th, 2016
A year ago she was featured in the FORBES as a money manager to watch, but now Fernanda Lima’sbroker-dealer Gradual is in the red. Her firm, one of the largest and more successful independent brokerages, lost nearly $20 million in ...
Bank of Japan launches negative rates, already dubbed a failure by markets
February 16th, 2016
The Bank of Japan‘s negative interest rates came into effect on Tuesday in a radical plan already deemed a failure by financial markets, highlighting Tokyo’s lack of options to spur growth as global markets sputter. The central bank, ...
Nikkei surges 7%, Topix up 8.3%; China lose ground
February 15th, 2016
Asian stocks mostly climbed on Monday, with Japan shares surging after last week’s sharp selloff. But China’s shares lost ground as its markets re-opened after the week-long Lunar New Year holiday. The Nikkei 225 retraced losses some of Friday’s losses, jumping ...
Dollar on track for steep weekly losses
February 12th, 2016
The dollar nursed losses on Friday that have put it on course for steep weekly drops against major currencies, with many investors favouring the perceived safe-haven appeal of the yen amid sinking global markets. Japanese markets were closed for a ...
Shock slump in European industry bodes ill
February 11th, 2016
Europe‘s top four economies suffered steeper drops in industrial output during December than any analyst had forecast, a grim sign for the global economy as it struggles to sustain momentum. Wednesday’s industrial output data for Britain, France and Italy ...
PayPal Puts a Stop to Bitcoin-Inspired Ad Parody
February 11th, 2016
‘New Money’ campaign gets an imitator after the Super Bowl PayPal Holdings Inc. this week blocked a parody of its “New Money” Super Bowl ad that swapped in “bitcoin” as the future of money. PayPal, which lets users and ...
