Friday, Mar 20, 2026

International Finance

Category : Banking

Banking

Ukraine conflict: UK wants SWIFT punishment for Russian banks

International Finance Desk
by International Finance Desk
SWIFT is a crucial real-time gross payment system for cross-border transactions September 2, 2014: The UK will press EU leaders to consider blocking Russian access to the SWIFT (Society for Worldwide Interbank Financial Telecommunications) banking transaction system under an expansion of sanctions over the conflict in Ukraine, Bloomberg reported on Friday, August 29, citing an...
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Banking

Assets under management hit record high at Saxo Bank

International Finance Desk
by International Finance Desk
Client deposits have gone up by almost 10 billion Dkr. to over 60 billion Dkr. August 22, 2014: In the first half of 2014, Saxo Bank reached another record in assets under management, with client deposits exceeding 60 billion Dkr., an increase of almost 10 billion Dkr. equivalent to 19% in six months. Saxo Bank,...
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Banking

An RO is the first step for banks eyeing China

International Finance Desk
by International Finance Desk
But opening a representative office (RO) may take up to nearly eight months from submission of application Hu Rong & Kai Xue August 4, 2014: The promise of a vast market has prompted foreign banks to establish representative offices (ROs) in China. By the end of 2012, there were 197 representative offices in various cities...
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Banking

Brazilian central bank resorts to reserve requirement cuts

International Finance Desk
by International Finance Desk
Measure suggests a compromise between hawks at the COPOM and the Rousseff administration July 28, 2014: Citing the slowdown in bank lending, the Brazilian central bank (BACEN) on July 25 announced a reduction in the amount of reserve requirements, totaling about BRL30bn (or 7.5% of the total outstanding amount). Reserve requirements have been utilized by...
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Banking

NDBIB dominates investment banking space in Sri Lanka

International Finance Desk
by International Finance Desk
The company has managed several successful public offerings, including the largest ever equity issue on the Colombo bourse August 27, 2014: NDB Investment Bank (NDBIB) has implemented innovative debt and equity tactics in local capital markets for over a decade. The company was established in 1997 as Citi National Investment Bank, a joint venture between...
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Banking

India’s central bank to identify bulwark in a financial crisis

International Finance Desk
by International Finance Desk
The RBI will designate up to six banks as Domestic Systemically Important Banks (D-SIBs) to reduce the risk of collapse of the financial system July 24, 2014: The Reserve Bank of India (RBI) has decided to designate up to six banks as Domestic Systemically Important Banks (D-SIBs) to reduce the risk of collapse of the...
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Banking

Mobile, i-banking transactions worth nearly £1 billion a day in UK

International Finance Desk
by International Finance Desk
In 2014, the rate of adoption of digital banking grew strongly with more than 15,000 people downloading banking apps a day July 22, 2014: Mobile and internet banking are now being used for transactions worth nearly £1 billion a day in the UK, according to a major industry-wide report into consumer-friendly technology by the BBA...
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Banking

Quantitative Easing Under the Microscope

International Finance Desk
by International Finance Desk
While one of the main objectives of QE is to stimulate inflation to prevent deflation, too much inflation could be an unintentional outcome. July 14, 2014 : European Central Bank president Mario Draghi has pulled out the big guns. With years of declining inflation and persistently high unemployment plaguing the Eurozone, the central bank is considering...
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Banking

Oz central bank keeps July cash rate steady at record low of 2.5%

International Finance Desk
by International Finance Desk
RBA wants the effects of low interest rate to keep flowing through the economy, which is plagued by tardy growth in the mining sector, reports Team IFM Sydney, July 8: The Reserve Bank of Australia (RBA) has kept its benchmark cash rate on hold in July to help support a soft economy as an elevated...
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Banking

Should Policy Makers in Emerging Markets be Concerned about “Tapering”?

International Finance Desk
by International Finance Desk
By Mathew Verghis. June 10, 2014: The US and European economies are showing some signs of recovery from the global financial crisis that began in 2008. As a result, the US Federal Reserve Bank is considering phasing out, or “tapering”, the extraordinary monetary policy measures through which it responded to the crisis. On May 22,...
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