Monday, Nov 25, 2024

International Finance

Category : Finance

Investment bank sold all its UK assets before Brexit

International Finance Desk
by International Finance Desk
Carnegie Investment Bank manages $17 billion for clients IFM Correspondent November 2, 2016: Carnegie Investment Bank AB, which manages $17.2 billion for clients, sold all of its UK holdings as opinion polls narrowed ahead of the June vote to exit from the European Union. Chief strategist Henrik Drusebjerg explained that the bank held equities as...
Read more

Bank of England governor to continue till 2019

International Finance Desk
by International Finance Desk
Mike Carney to stay till Brexit negotiations get over IFM Correspondent November 1, 2016: Bank of England governor Mike Carney has ended days of speculation by announcing that he will step down in June 2019, still two years short of a full term. He said he recognises the importance ‘to the country of continuity during...
Read more

Brexit: Pound’s turbulence unsettling British pensions

International Finance Desk
by International Finance Desk
Could drive pension pots worth hundreds of millions overseas Nigel Green October 31, 2016: The Brexit-battered pound has triggered a significant surge in people seeking advice on moving British pensions out of the UK. Since the UK’s historic vote to leave the EU, the sterling has fallen in value 14.5 per cent against the euro...
Read more

SIX Swiss Exchange extends technology contract with Nasdaq

International Finance Desk
by International Finance Desk
It will leverage Nasdaq’s trading, market surveillance and pre-trade risk management technologies October 31, 2016: Nasdaq and Six Swiss Exchange announced the extension of their current technology contract, which includes X-stream INET Trading technology for all SIX markets, including equities, ETFs, structured products, funds and fixed income, as well as SMARTS Market Surveillance and Nasdaq Pre-Trade...
Read more

Access to credit for ‘unscoreable’ consumers and entrepreneurs

International Finance Desk
by International Finance Desk
New agreement between FICO and EFL can help millions of consumers in emerging markets October 26, 2016: As part of its FICO Financial Inclusion Initiative, analytic software firm FICO has announced a strategic partnership with EFL Global to expand credit scoring options for lenders and consumers in markets outside the US. FICO will offer EFL’s...
Read more

Tapping the opportunities in Latam

International Finance Desk
by International Finance Desk
HMC Capital has developed a complete platform of third party products and strategies, and proprietary products October 25, 2016: HMC Capital is a Latin American investment and financial advisory firm with offices in Chile, Brazil, Peru, Colombia and United States. With $5 billion under distribution (third party funds) and $1 billion under management, HMC provides...
Read more

Europe may be at the mercy of US banks

International Finance Desk
by International Finance Desk
US banks are about to surpass their European counterparts in the European investment bank market, which could, in the future, be dominated by the big five American banks Dirk Schoenmaker & Charles Goodhart October 25, 2016: The European banking system is downsizing. As a consequence, the big US investment banks are on the rise in...
Read more

85% of remortgagors lowering their mortgage rates

International Finance Desk
by International Finance Desk
Spurred on by record low rates, two thirds of remortagagors plan to remortgage again in the next four years October 24, 2016: In September, 85% of remortgagors were able to lower their mortgage rate, according to LMS, one of the UK’s leading conveyancing panel management specialists. The findings illustrate why it is such a good...
Read more

UK millennials uneasy sharing personal info to open bank accounts

International Finance Desk
by International Finance Desk
Nearly half of respondents expressed security concerns about entering and viewing banking information on a mobile device October 21, 2016: A new research report released found that while millennials depend on their digital devices, they are still uneasy sharing personal information to open bank accounts. The report, UK Millennial Study: Privacy vs. Customer Experience in...
Read more

Bank consumers: Focus on service to keep me loyal

International Finance Desk
by International Finance Desk
Majority of consumers feel providers don’t value them October 21, 2016: A report released by marketing technology company, Wiraya highlights that businesses need to overhaul the way they communicate with customers or risk losing them to rivals. An overwhelming 86% of customers who left their bank, energy, mobile or insurance provider in the last six...
Read more