Saturday, May 18, 2024

International Finance

Category : Finance

Ireland not keen to host high-risk trading post-Brexit

International Finance Desk
by International Finance Desk
Risks and scale have prompted this cautious response from Dublin November 29, 2016: Ireland has indicated to a number of large investment banks that it would be hesitant to host large trading operations. The Irish central bank has signalled in talks with banks that they would encounter serious hurdles to gain regulatory approval for these...
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‘Banks in Afghanistan want to convert difficulties into opportunities’

International Finance Desk
by International Finance Desk
Interview with CEO of Azizi Bank IFM Correspondent November 28, 2016: Dr Mohammad Salem Omaid is the President and CEO of Azizi Bank. Prior to this, he has been the Deputy CEO of the bank for more than five years. Dr Omaid has been a great influencer and motivator in structuring the bank and guiding...
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Sweden’s Riksbank contemplates digital currency

International Finance Desk
by International Finance Desk
Could potentially develop a new payment system after seeing a substantial dip in the use of conventional currency IFM Correspondent November 22, 2016: Sweden’s central bank — Riksbank — is considering the option of using digital currency. This is mainly due to the fact there has been a drastic decrease in the use of notes...
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Metro Bank launches internet banking platform

International Finance Desk
by International Finance Desk
Will support fast-growing customer base and enhance users’ online experience November 22, 2016: As part of their commitment to provide consumers with innovative offerings and customer-centric banking experiences, Metro Bank launched a commercial internet banking platform marking yet another disruptive step for the challenger bank. Since its launch in 2010, Metro Bank has demonstrated an...
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China and India to drive global growth in ATMs

International Finance Desk
by International Finance Desk
The growth will be driven by large sections of the population that will open bank accounts for the first time IFM Correspondent November 21, 2016: Globally, the number of ATMs rose by 5% in 2015, to touch 3.2 million units by the end of the year. The majority of growth in the global ATM market...
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Citi launches global API developer portal to allow open banking

International Finance Desk
by International Finance Desk
IFM Correspondent The banking giant joins hands with developers and consumer brands to lead innovation November 17, 2016: American banking behemoth Citi unveiled a new global application programming interface (API) developer portal on November 10, which it says is the most comprehensive one available in today’s financial services market. The portal enables Citi to connect...
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Mortgage rates rise after Trump victory

International Finance Desk
by International Finance Desk
The benchmark 15-year fixed-rate mortgage rose to 2.97 percent from 2.96 percent IFM Correspondent November 14, 2016: Mortgage rates have quickly surged ever since Trump was declared the victor of the US presidential election. Rates modestly changed, with the benchmark 30-year fixed mortgage rate rising to 3.73 percent, according to Bankrate.com’s weekly national survey. After...
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Now, all eyes on Trump’s team

International Finance Desk
by International Finance Desk
Stock markets buoyed by expectations that global central banks will keep monetary policy loose IFM Correspondent November 14, 2016: Investors endured a rocky day of trading after the shock election of Donald Trump as the next US president sparked a bout of unusual volatility that rocked financial markets around the world. Shares and bonds whipsawed...
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HDFC Bank selects Backbase to upgrade its digital banking experience

International Finance Desk
by International Finance Desk
Backbase will play a key role in delivering HDFC Bank’s next generation of banking architecture October 5, 2016: HDFC Bank Ltd., one of India’s premier banks, providing innovative products and smart banking solutions to over 37 million customers across India, has selected Backbase, the omni-channel digital banking market leader, to deliver its new digital omni-channel...
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Gold demand fell in Q3 of 2016

International Finance Desk
by International Finance Desk
Exchange-Traded Products were the only area of growth IFM Correspondent November 10, 2016: Gold demand fell 10% in Q3 to 992.8 tonnes (t). Exchange-Traded Products were the only area of growth, with inflows of 145.6 tonnes. Bars, coins and jewellery remained very weak: year-to-date consumer demand was down 16%, according to the World Gold Council’s...
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