International Finance

Tag : Bank

Economy

Bank of Japan keeps rate steady

International Finance Desk
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...
Business Leaders

Falcon Pvt Bank appoints new CEO

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

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

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

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

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...
Banking

Measuring growth and spotting pitfalls in the UK mortgage market

Lenders must address the mortgage retention challenge if they are to aim for a sustainable future Damian Young January 13, 2016: Despite the Bank of England’s most recent vote against a rise in interest rates, many financial analysts remain confident that we will see a rate rise over the early stages of 2016. This confidence...
Economy

Private Sector – an integral part of climate action post Paris

The private sector was more broadly represented in Paris than at any previous COP January 7, 2016: December 2015 marked a historic climate agreement in Paris signed by 195 countries pledging to take actions to keep global warming to under 2 degrees Celsius — the threshold scientists predict will result in irreversible warming and planetary...
Fintech

Did China just float the yuan?

Sort of… People’s Bank of China announced a significant liberalisation of the yuan’s exchange rate regime John J Hardy August 14, 2015: The People’s Bank of China devalued the Chinese yuan overnight by almost 2% and announced a significant liberalisation of the yuan’s exchange rate regime, a move that has roiled currency and asset markets...