Banking Archives

The implications of providing a personal guarantee

International Finance DeskDecember 17, 2013

by International Finance DeskDecember 17, 2013

Written by Fiona Jewell, a solicitor in the Corporate and Commercial team at Thomson Snell & Passmore Solicitors. December 17, 2013 : The implications for a guarantor can be far reaching and the specific terms of the personal guarantee should be considered carefully. In the aftermath of the recession, the requirement for a personal guarantee from...

Banking

Berenberg Bank Wins the Best Private Bank Award at International Finance Magazine, Financial Awards – Germany 2013

International Finance DeskDecember 12, 2013

by International Finance DeskDecember 12, 2013

International Finance Magazine today announced the Financial Awards 2013 for Germany. December 12, 2013:International Finance Magazine (www.internationalfinancemagazine.com) today announced the Financial Awards 2013 for Germany. The award celebrates excellence in its purest form. An event that recognizes and honours individuals and organisations in the international finance industry that make a significant difference and add value,...

Banking

Rising Fiscal Challenges in the Pacific in 2014 – ADB

International Finance DeskDecember 9, 2013

by International Finance DeskDecember 9, 2013

Timor-Leste’s fiscal surplus is expected to diminish significantly due to declining petroleum revenues and continued high levels of government expenditure. December 9th, 2013 : Fiscal pressures are expected to increase in the Pacific in 2014, according to the latest issue of the Asian Development Bank’s (ADB) Pacific Economic Monitor, launched today at the offices of the New...

Banking

Switzerland Tops Financial Secrecy Index

International Finance DeskNovember 18, 2013

by International Finance DeskNovember 18, 2013

An estimated $ 21 trillion to $ 31 trillion of private financial wealth is located in untaxed or sparsely taxed secrecy jurisdictions, according to the Tax Justice Network. November 18, 2013 : Switzerland, the world’s largest centre for cross border wealth management, retained the top spot in a financial secrecy index by the Tax Justice Network...

Banking

New ways to take control of compliance

International Finance DeskNovember 11, 2013

by International Finance DeskNovember 11, 2013

By Martin Scovell, CEO of MatsSoft November 11, 2013 : The glare of scrutiny upon our financial institutions has never been starker, as regulatory bodies and governments inflict ever greater levels of compliance. The challenge of adapting to this scrutiny is exacerbated by the organisational pressures brought about by mergers and acquisitions, diversification, restructuring, rising consumer...

Banking

McKinsey Report Says Twenty Percent of Banks May Shrink or Merge

International Finance DeskNovember 8, 2013

by International Finance DeskNovember 8, 2013

Return on equity (RoE) dropped as low as 4 percent across the industry in 2008 after the financial crisis and remains below the average cost of capital, estimated at 10-12 percent. November 8th ,2013 : One fifth of the world’s biggest banks may be broken up or sold as part of a “radical course correction” in...

Banking

As SMEs fight for finance, banks scrap for Google rankings

International Finance DeskNovember 8, 2013

by International Finance DeskNovember 8, 2013

Research highlights the shift away from traditional bank lending to small business, which has shrunk by a quarter since 2011. November 8th, 2013 : The extreme difficulty some company owners have faced obtaining conventional bank borrowing over the past three years has proved the making of invoice discounting, an alternative funding mechanism in which money is...

Banking

The Future of the European Payments Market

International Finance DeskOctober 30, 2013

by International Finance DeskOctober 30, 2013

A summary of the European Commission’s views on where we are now, and where they think we need to get to, brought to you by Anderson Zaks . October 30, 2013 European Payments Market – where we are now Secure, efficient payments are the lifeblood of business and commerce. They are crucial for business expansion...

Banking

Creatures of habit: When it comes to banking we like to keep it in the family

International Finance DeskOctober 17, 2013

by International Finance DeskOctober 17, 2013

October 17, 2013 27% of current account holders in the UK use the same provider as one or both of their parents Only 6% of Britons have switched their bank account in the past 2 years – compared to 37% who have switched car insurance provider Britons’ relationships with their current accounts are long and...

Banking

New report paints picture of 2022 payments

International Finance DeskOctober 17, 2013

by International Finance DeskOctober 17, 2013

The number of cash payments will fall from 21 billion in 2012 to around 14 billion in 2022, as people increasingly use alternatives such as cards and automated payments. October 17, 2013 Consumer card use will rise by 75% from nearly 10 billion payments in 2012 to nearly 17 billion in 2022, driven primarily by...