Search Results for: central banks
Singapore pledges S$225m to fintech
July 2nd, 2015
Singapore has committed S$225 million over the next five years to a scheme designed to build a vibrant ecosystem for innovation in fintech. Monetary Authority of Singapore (MAS) managing director Ravi Menon revealed the investment (around US$167 million) in ...
Greece crisis: Eurozone rules out talks until after referendum
July 2nd, 2015
Eurozone finance ministers have ruled out any further talks on a fresh bailout for Greece until the country holds its referendum on Sunday. Greeks will be asked to accept or reject proposals made by creditors last week, with Prime Minister Alexis ...
Top Stories of the day July 01
July 1st, 2015
1. Playtech is pleased to announce that its subsidiary, TradeFX Limited (“TradeFX”), has entered into a share acquisition agreement under the terms of which it will acquire the entire issued share capital of Ava Trade, an online B2C CFD ...
The 75 Trillion Dollar Shadow Banking System Is In Danger Of Collapsing
July 1st, 2015
Keep an eye on the shadow banking system – it is about to be shaken to the core. According to the Financial Stability Board, the size of the global shadow banking system has reached an astounding 75 trillion dollars. It has ...
Greece defaults on IMF payment despite last-minute overtures to creditors
July 1st, 2015
Greece‘s last-minute overtures to international creditors for financial aid on Tuesday were not enough to save the country from becoming the first developed economy to default on a loan with the International Monetary Fund. The IMF confirmed that Greece ...
EU in last-ditch bid to Greece, urges ‘yes’ vote to bailout
June 30th, 2015
The head of the European Commission made a last-minute offer to try to persuade Greek Prime Minister Alexis Tsipras to accept a bailout deal he has rejected before a referendum on Sunday which EU partners say will be a ...
Deutsche Bank goes live with KYC service
June 30th, 2015
Deutsche Bank’ Global Transaction Banking (GTB) division has embedded SWIFT’s Know Your Customer (KYC) Registry, a centralised repository that maintains a standardised set of information about correspondent banks required for KYC compliance, into its KYC procedures. GTB’s financial institution ...
China stocks are giving investors a nasty case of whiplash
June 30th, 2015
China stocks resumed their volatile decline on Tuesday, compounding losses that have erased trillion of dollars in market value in recent weeks. The Shanghai Composite dropped as much as 6% in morning trading, before bouncing back. The performance pushed ...
Asia stocks bounce back but Greece uncertainty still looms
June 30th, 2015
Asian stock markets bounced back Tuesday, recouping some of the previous day’s sharp losses, but investors remained worried the crisis in Greece could spread to other financially weak countries. Japan’s benchmark Nikkei 225 gained 0.4 percent to 20,189.02 after ...
Top Stories of the day June 29
June 29th, 2015
News of the day are around Greek crisis and what is the next day. Trading firms are on alert regarding currency volatility where National Bank of Switzerland confirmed that intervened in markets. 1. In wake of MPs approving plebiscite, ...
