Sunday, Jun 21, 2026

International Finance

Category : Banking

Banking

Chapter 11 Bankruptcy

International Finance Desk
by International Finance Desk
Chapter 11 is a part of the United States Bankruptcy Code, which involves reorganization of a debtor’s business affairs and assets. It is filed by corporations which need time to restructure their debts. September 26, 2013 : Physiotherapy Associates, an outpatient rehabilitation services provider based in Exton has decided to file for Chapter 11 Bankruptcy due...
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Banking

Payments Council announces customer guarantee for new current account switch service

International Finance Desk
by International Finance Desk
Guarantee provides peace of mind for anyone switching current account September 11, 2013: The Payments Council reached a major milestone by making public the Current Account Switch Guarantee and Trustmark that will be used by all participating financial institutions, from the launch of the new service in September. The new Guarantee and Trustmark are designed...
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Banking

Payments Council responds to the Report of the Parliamentary Commission on Banking Standards

International Finance Desk
by International Finance Desk
Payments Council responds to the Report of the Parliamentary Commission on Banking Standards Adrian Kamellard, Chief Executive of the Payments Council said: September 9, 2013: “We welcome the publication of today’s report by the PCBS – ‘Changing Banking for good’. It is a very comprehensive report and we need to now examine it in depth...
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Banking

Independent research published to assess customers’ account switching needs

International Finance Desk
by International Finance Desk
The research confirmed that the Payments Council’s new account switching service should deliver all the main features that customers have identified as being essential in any successful transfer system. September 07,2013: New research, published today, provides findings from qualitative research commissioned by the Payments Council. The research, undertaken by leading independent market research company Optimisa, was...
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Banking

Financially unsound: Sorting out finances at the bottom of the UK’s ‘to-do-lists’

International Finance Desk
by International Finance Desk
More people rank getting fit above paying off their credit card bill as their most pressing ‘life admin’ task September 2, 2013: Financial planning is the task we are putting off the most when it comes to our everyday ‘to-do lists’ according to a new report  released by the Payments Council, the organisation spearheading the new...
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Banking

Lebanon- Hope Amidst Chaos and Turbulence

International Finance Desk
by International Finance Desk
Lebanese banks have maintained sound financial standings over this period of economic pressure with healthy liquidity, non performing loans and capital adequacy ratios. August 29 , 2013 : With a total area of 10,452 square kilometres, Lebanon is bordered by the war ravaged Syria to the north and Israel to the South, the war in Syria...
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Banking

Will the Financial Services Act of 2012 revamp UK’s Financial Regulatory Framework

International Finance Desk
by International Finance Desk
The Financial Services Act 2012 has come into force from 1st April, 2013 in the U.K.  August 28, 2013 : The Financial Services Act 2012 is aimed at creating a new regulatory framework for the supervision and management of UK’s banking and financial industry. The enforcement of the act will also see the launch of the new...
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Banking

Financial Engineering for Profitable Financial Instruments

International Finance Desk
by International Finance Desk
Financial engineers use modelling techniques such as simulations, convexity, duration, value at risk, linear programming and other quantitative techniques to determine future returns, loss scenarios etc.  August 21, 2013 : Many financial engineers opine that financial engineering involves a lot of creativity because the field is pioneering and innovating, furthermore, the evolution of cheaper, faster computers...
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Banking

Mark Carney’s Forward Guidance

International Finance Desk
by International Finance Desk
The BoE is following the Federal Reserve in a dramatic shift that links interest rates to unemployment, a signal to the markets of what it will take to push rates higher.  August 13, 2013 : Taking a cue out of the Fed, Bank of England (BoE) Governor Mark Carney said the bank will not consider raising...
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