Bank Archives - Page 11 of 14 - International Finance

Redwood submits banking licence application

International Finance DeskOctober 17, 2016

by International Finance DeskOctober 17, 2016

Initially, focus will be on UK SMEs in Hertfordshire, Bedfordshire and Buckinghamshire October 17, 2016: Acorn Financial Partners (AFP), a new venture founded and led by Jonathan Rowland, announced that it has submitted a banking licence application to the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA). On authorisation AFP will be called...

Banking

Swiss bank loses Singapore banking licence

International Finance DeskOctober 11, 2016

by International Finance DeskOctober 11, 2016

But Falcon Private Bank welcomes end of 1MDB investigation that caused a political scandal in Malaysia October 11, 2016: Falcon Private Bank, a Swiss private banking boutique with 50 years of expertise in wealth management, has lost its banking licence in Singapore as a fall-out of the 1MDB case. The Swiss Financial Market Supervisory Authority...

Banking

‘Now, we have to deliver even more than expected’

International Finance DeskOctober 3, 2016

by International Finance DeskOctober 3, 2016

Interview with Cezary Kocik, Vice-President of the Management Board, Head of Retail Banking, mBank Suparna Goswami Bhattacharya October 3, 2016 What factors led the transition of BRE Bank from a corporate bank to retail banking and eventually mBank? When BRE Bank decided to establish its retail business, Poland was just past a decade of transition....

Economy

Bank of Japan keeps rate steady

International Finance DeskSeptember 21, 2016

by International Finance DeskSeptember 21, 2016

Will target 10-year interest rate committing to keep it around zero IFM Correspondent September 21, 2016: Japan’s central bank issued a plethora of changes to its policy approach but kept rate steady. The Bank of Japan (BOJ) said it would start targeting 10-year interest rates, committing to keep them around zero as part of a...

Banking

Tramonex selects Saxo Payments for cross border transfers

International Finance DeskSeptember 15, 2016

by International Finance DeskSeptember 15, 2016

Low fees, quick transfer times and leading FX rates benefit customers of international cash management solutions provider September 15, 2016: Tramonex, the international financial services provider, has partnered with global transactions services provider, Saxo Payments, for segregated client accounts in 25 currencies, and FX liquidity. As part of Tramonex’s vision to shift away from classical...

Business Leaders

Falcon Pvt Bank appoints new CEO

International Finance DeskSeptember 2, 2016

by International Finance DeskSeptember 2, 2016

Walter Berchtold takes over the role from Eduardo Leemann September 02, 2016: The board of directors of Falcon Private Bank has appointed Walter Berchtold as new Chief Executive Officer, effective October 1, 2016. Walter Berchtold, who has served the Board since March 2015, succeeds Eduardo Leemann, who will remain with the Bank as Senior Advisor. Walter...

Economy

UBS may shift its base outside the UK

International Finance DeskJuly 14, 2016

by International Finance DeskJuly 14, 2016

Banks worry about losing passporting rights IFM Correspondent July 14, 2016: With uncertainty looming large post-Brexit, some banks may shift their headquarters and offices outside London. Andrea Orcel, president of UBS Investment bank, has warned that it is considering moving its staff to a European country, following the UK’s vote to leave the EU. UBS,...

Banking

BisB rights offer 100% subscribed

International Finance DeskFebruary 11, 2016

by International Finance DeskFebruary 11, 2016

Message from bank CEO Hassan Amin Jarrar February 11, 2016: Bahrain Islamic Bank (BisB) announced the final result of the subscription in the capital increase offered during the period from 15th November to 29th November 2015 with 100% being subscribed. Total number of shares offered for the existing shareholders was 170,940,171 ordinary shares. Total shares subscribed were...

Banking

Grupo Aval — Central America’s largest financial conglomerate

International Finance DeskFebruary 8, 2016

by International Finance DeskFebruary 8, 2016

Operates in 12 countries, serves more than 13 million banking customers, consolidates more than $68 billion in assets and has over $128 billion in assets under management February 8, 2016: Grupo Aval is Colombia and Central America’s largest financial conglomerate; it operates in 12 countries, serving more than 13 million banking customers and 11 million...

Banking

Why digital wallets are a hit in China, India

International Finance DeskJanuary 31, 2016

by International Finance DeskJanuary 31, 2016

The reason is the huge proportion of the population that does not have a bank account IFM Correspondent January 31, 2016: Consumers around the world are increasingly using mobile phones to make online payments. This is helped by the increase in the number of people using smartphones. According to Statista, the overall number of mobile...