Saturday, May 11, 2024

International Finance

Search Results for: UK

Uncategorized

Bank of England Quarterly Bulletin 2013

International Finance Desk
by International Finance Desk
Cross-border banking can have considerable long-run benefits, by diversifying the available sources of lending and borrowing. June 18, 2013 : The onset of the financial crisis in 2008 brought an end to the ‘Great Stability’ period, making prospects for UK and global economic growth not just weaker, but more uncertain. Macroeconomic uncertainty: what is it, how can...
Read more
Islamic Banking

Tunisia gets $ 1.2 Billion Funding From Islamic Development Bank to ‘bolster’ its Economy

International Finance Desk
by International Finance Desk
The North African Country has won a $ 1.2 Billion in funding from the Saudi based Islamic Development Bank with an aim to rejuvenate its agricultural and industrial sectors in general and its economy in particular. 18th June 2013 Tunisia has won a $ 1.2 billion in funding from the Saudi based Islamic Development Bank...
Read more
Banking

Andrew Bailey at the Society of Business Economists

International Finance Desk
by International Finance Desk
Andrew Bailey, Deputy Governor, Prudential Regulation and Chief Executive Office, Prudential Regulation Authority. June 17,2013 : The financial crisis has provided hard lessons on what happens when the stability of the financial system is found wanting. It has reminded us how much we depend upon the supply of critical services from banks, insurers, investment firms, asset managers and...
Read more
Islamic Banking

Senegal as the West African Hub for Islamic Finance

International Finance Desk
by International Finance Desk
Senegal’s attraction to banks rests on its macroeconomic and political stability. Senegal as the West African Hub for Islamic Finance Senegal’s banking system is one of Africa’s most competitive. Yet, there is still lot of scope for it to expand and improve due its steady economic growth and a large unbanked population. If this rise...
Read more
Uncategorized

Promoting Cross-Border Islamic Finance Business Between Malaysia and the United Kingdom

International Finance Desk
by International Finance Desk
United Kingdom have taken a key interest in Islamic Banking and have undertaken greater initiative in cross border trade. Malaysian and UK Islamic banks have agreed to undertake greater collaboration in cross-border Islamic liquidity management transactions. The decision was made at the end of the Malaysian-UK Islamic Treasurers Workshop, which was held at the Westminster...
Read more
Economy

Google’s Tax ‘Tactics’ Criticized by British MP’s

International Finance Desk
by International Finance Desk
In a damming report, the Public Accounts Committee called on HMRC to “fully investigate” the company after it had used contrived arrangements to avoid tax on its multi billion pound revenues in the U.K. 14th June 2013 International Finance Magazine with inputs from “The Guardian” reports the story on Google’s contrived arrangements to avoid tax,...
Read more
Economy

Euro business growth eases in May, ECB takes steps

International Finance Desk
by International Finance Desk
Lacklustre growth characterised by a slowdown plagues the EU while its central bank tries to jack up inflation rate that teeters on the verge of deflation, report Team IFM Brussels, June 11: Euro-zone business growth slowed in May, but services output expanded at the strongest pace in almost three years, prompting the European Central Bank...
Read more
Banking

HSBC is “Numero Uno” among European Banks

International Finance Desk
by International Finance Desk
HSBC has gone past France and Germany’s largest lenders to take the top spot on a league table of Europe’s biggest banks as its assets grew to more than 2 trillion Euros ( £ 1.7 trillion).  June 11, 2013 : International Finance Magazine, reports on the rise of the bank, its rapid growth and its role...
Read more
Banking

Crisis hit Co-op Bank hires ‘Turnaround Specialist’ Richard Pennycook and Banker Richard Pym to Beef up Banking and Retail Sectors

International Finance Desk
by International Finance Desk
The Co-operative group has beefed up its management by recruiting the former finance director of Morrison’s and the chairman of Britain’s Nationalized Banks. June 06, 2013: The Co-operative Group has made senior personnel changes in an attempt to stabilize its troubled bank following a credit downgrade and deep concerns on its capital levels. Richard Pennycook, widely...
Read more