International Finance

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Economy

Singapore Wealth Manager in ‘Eye of Storm’ after E-mail leak by ICIJ

The e-mail leak has landed David Chong, founder chairman of Portcullis Trustnet in troubled waters. 3rd June 2013 The International Consortium of Investigative Journalists (ICIJ) comprising of a group of investigative journalists have accused Singapore based Wealth Manager, David Chong the chairman of Portcullis Trustnet, of divulging the details of offshore companies and trusts held...
Banking

Bank of England and HM Treasury Funding for Lending Scheme – 2013 Q1 usage and lending data

The Bank of England has published the updated data on the use of Funding for Lending Scheme(FLS) for the quarter ending 31st March 2013.  June 03, 2013 : The Bank has today published updated data on the use of the Funding for Lending Scheme (FLS). Today’s publication shows for each group participating in the FLS...
Economy

Busy Brits embrace anytime Banking after five years of Faster Payments

New research reveals millions of people have become midnight bankers. 25 May 2013 Monday 27 May is the fifth anniversary of the first Faster Payment.More than transferred for every UK household since 2008 launch After hours banking has become commonplace for millions of busy Brits, according to new research commissioned to mark the fifth birthday...
Business Leaders

Can Mark Carney recreate the Magic in U.K ?

Mark Carney is set to take over in July as governor of the Bank of England, which is trying to steer the UK economy through one of its most challenging and uncertain times. 21 May 2013 It’s curtains for Mervyn King, the Governor of Bank of England, who will be stepping down very soon. The...
Economy

Strengthening Social Accountability in Europe and Central Asia

City governments and mayors in the region are now facing difficult challenges arising from climate change, economic transformation, and demographic shifts in their cities. Sustainable development – particularly in cities – must be both environmentally responsible and socially inclusive. This is especially true for the Europe and Central Asia region, wherein more than two-thirds of...
Finance Wealth Management

HMRC- A case of Systematic Failure

HMRC has rejected the committee’s view that it is suffering from systemic failure. HMRC- A case of systematic failure The Her Majesty’s Revenue and Customs (HMRC) is in the line of fire, for its failure to reduce the fraud and error which will bear a huge bearing on the British tax payer. The HMRC was challenged by...
Economy

The Challenge of A Graying China

The Leaders of China have indicated their intentions to focus on the quality, efficiency and sustainability of growth. This Signals their willingness to reform. The Chinese People’s Political Consultative Conference and the National People’s Congress are holding their annual sessions against the backdrop of a once-in-a-decade leadership transition. The new leaders face high expectations. Addressing...
Banking

Deloitte – CFO Risk Appetite At Record High

Shift towards increased corporate leverage as credit conditions improve.  April 9, 2014 : Shift towards increased corporate leverage as credit conditions improve. Greater confidence about growth in the UK and euro area is supporting corporate investment, according to the latest Deloitte CFO Survey. The first quarter 2014 CFO Survey gauged the views of 126 CFOs, including...