International Finance

Category : Banking

BankingUncategorized

World Bank Announces US$1 Billion Pledge to Africa’s Great Lakes Region, Targeting Energy, Roads, Agriculture, Cross-Border Trade, Health, and Jobs

Cross-border trade key to peace for Africa’s Great Lakes Region. July 15, 2013: On the first day of an historic joint United Nations/World Bank Group mission to the Great Lakes region, the World Bank Group announced $1 billion in proposed new funding to help countries in the region provide better health and education services, generate...
Banking

Myanmar: Stepping up to Asia and the World

Myanmar can realize its full potential and end extreme poverty and build shared prosperity by building a strong macro-economic framework with fiscal policies that align the budget with development priorities. July 14, 2013: Myanmar was one of East Asia’s fast growing advanced economies in the early 20th century. But decades of isolation took its toll...
Banking

Transatlantic Exchange Operator to Takeover Scandal hit LIBOR

The winning subsidiary known as NYSE Euronext Rate Administration Limited is scheduled to complete the transfer by 2014. July 11,2013 : International Finance Magazine reports on the takeover of the traditional rate setter by an independent private company and a threadbare analysis of how the new mechanism shall prevent fraudulent rate setting by elite banks and...
Banking

U.K. Government to Sell Tax Payer’s Stake in Lloyd’s Banking Group

Britain is keen to start selling its 20 billion pound holding in Lloyds this year, and top investment banks of the world will pitch for the job of handling the sale by a Treasury deadline on Monday. July 09, 2013 : Shares of Lloyds Banking Group jumped to 2 ½ year high on Monday as overseas...
Banking

E.U pushes for a Transatlantic Banking Regulator

It is possible that, as a result of the talks some form of transnational super regulator could be formed, which would take a lead on financial regulation over the two financial super powers . July 08, 2013 : The European Union is all set to push for an agreement on banking and financial services as a...
BankingEconomy

International Finance Magazine, Financial Awards – Malaysia 2013

International Finance Magazine today announced the Financial Awards 2013 for Malaysia, July 07, 2013: International Finance Magazine (IFM), the London based online magazine with a viewership in over 150 countries announced the financial awards 2013 for Malaysia. The recipients have been chosen after a rigorous selection process by the internal tem as well as key...
Banking

HSBC Annexes “Best Internet and Foreign Bank” at International Finance Magazine, Financial Awards- Sri Lanka 2013

Another Feather in its cap, as HSBC annexes “Best Foreign and Internet Bank” at International Finance Magazine, Financial Awards – Sri Lanka 2013. July 05, 2013: The U.K. Banking giant has been awarded the Best Internet Bank and Best Foreign Bank awards for its technological innovations, which include secured online services to manage investments and...
Banking

Shareholders and Creditors to Share Losses of Bank Failures

The new system specifies the order in which banks investors and creditors, and then their uninsured depositors will face losses in case of failure of banks. July 01, 2013 : Finance ministers from the European Union have agreed unanimously on a plan that would require shareholders and creditors to take significant losses when banks collapse. The...