Banking Archives

Brazilian central bank resorts to reserve requirement cuts

International Finance DeskJuly 28, 2014

by International Finance DeskJuly 28, 2014

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...

Banking

NDBIB dominates investment banking space in Sri Lanka

International Finance DeskJuly 27, 2014

by International Finance DeskJuly 27, 2014

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...

Banking

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

International Finance DeskJuly 24, 2014

by International Finance DeskJuly 24, 2014

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...

Banking

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

International Finance DeskJuly 22, 2014

by International Finance DeskJuly 22, 2014

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...

Banking

Quantitative Easing Under the Microscope

International Finance DeskJuly 14, 2014

by International Finance DeskJuly 14, 2014

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...

Banking

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

International Finance DeskJuly 8, 2014

by International Finance DeskJuly 8, 2014

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...

Banking

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

International Finance DeskJune 10, 2014

by International Finance DeskJune 10, 2014

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,...

Banking Business Leaders

CaixaBI Bullish On Prospects For 2014

International Finance DeskFebruary 26, 2014

by International Finance DeskFebruary 26, 2014

We hope to improve our performance this year compared to last year thanks to the economic recovery and bouyant Portuguese capital markets, says Joaquim Souza, CEO of CaixaBI, one of Portugal’s largest investment banks. Lisbon, February 26: With the Portuguese economy rebounding from the recent recession there is a strong demand for Portuguese assets financial...

Editor’s Epistle

International Finance DeskJanuary 5, 2014

by International Finance DeskJanuary 5, 2014

2014 looks good, but read us to stay ahead! January 2014 On behalf of the entire International Finance Magazine team let me first wish all our readers and clients a very happy and prosperous New Year. Welcome to the brave new world of 2014. The past year was tough. According to the International Monetary Fund’s...

Banking

Why data management fines could be a bonus for the banks

International Finance DeskDecember 17, 2013

by International Finance DeskDecember 17, 2013

Graham McDaniel, senior managing consultant at Xceed Group, explains why punitive data regulations may be just what the doctor ordered for the banking industry. December 17, 2013: The UK retail banking landscape has changed rapidly over the past few years. The traditional banking establishment has been rocked by miss-selling scandals, financial crisis, changing customer needs,...