Search Results for: financial institutions
Apple & China UnionPay to Bring Apple Pay to China
December 18th, 2015
Apple® and China UnionPay today announced a partnership to bring Apple Pay®, which transforms mobile payments with an easy, secure and private way to pay, to China. China UnionPay cardholders will be able to easily add their bank cards ...
Wells Fargo to Nudge Brokers to Get Bigger Clients
December 18th, 2015
Change is bank’s latest push to compete for clients who have millions of dollars in assets Wells Fargo & Co. will push its brokers to work with bigger clients as part of a broader strategy to attract wealthier investors. The ...
Blockchain consortium R3 opens its doors to exchanges and clearing houses in 2016
December 17th, 2015
Blockchain standards builder R3 has opened its doors to non-bank financial services firms including funds, exchanges, clearing houses, standards bodies and infrastructure companies, from early in 2016. R3 also announced the addition of another 12 banks, taking the total ...
Foreign exchange manipulation: FINMA issues six industry bans
December 17th, 2015
The Swiss Financial Market Supervisory Authority FINMA has issued industry bans of between one and five years against six managers and traders formally employed in the UBS foreign exchange and precious metals business. FINMA concluded that the individuals in ...
What is Behavioral Finance?
December 14th, 2015
Why, and under what circumstance, can markets behave inefficiently? That is the central question of behavioural finance, which is the study of how psychological, cognitive and emotional factors impact market participants. Behavioural finance is studied under the wider ...
ISDA and IIFM publish Islamic Cross Currency Swap Standard
November 27th, 2015
The International Swaps and Derivatives Association, Inc. (ISDA) and the International Islamic Financial Market (IIFM) today announced publication of a new Islamic hedging product standard, the ISDA/IIFM Himaayah Min Taqallub As‘aar Assarf (Islamic Cross Currency Swap) for use in Islamic hedging ...
CySec informs on Contribution of CIFs to the Single Resolution Fund and National Resolution Fund
November 23rd, 2015
The Cyprus Securities and Exchange Commission (CySec), the Cyprus financial regulatory authority, has issued today a circular to inform Cyprus Investment Firms about their contribution the Single Resolution Fund and National Resolution Fund. CySec’s Circular informs in relation to ...
‘Too big to fail’ Chinese banks face $400 billion capital call
November 11th, 2015
China‘s four biggest banks may have to raise up to $400 billion to meet new global capital rules, an onerous task that could pressure them to slow down lending at a time when Beijing wants them to help prop ...
Eurogroup urges Athens to deliver reforms in a week – Remarks by J. Dijsselbloem
November 10th, 2015
Greece failed to secure the release of 2 billion euros in bailout funding at a Eurogroup summit on Monday, as expected, with creditors prodding Greek officials to push forward with outstanding reforms and reach a compromise on thorny issues ...
Greece, Creditors Said to Need a Few More Days to Reach Aid Pact
November 9th, 2015
Update: Greece and its European Union creditors need a few more days to reach an agreement that would release an aid payment of 2 billion euros ($2.2 billion), according to an EU official with knowledge of the talks. The ...
