Monday, Jan 12, 2026

International Finance

Tag : Bank

Business Leaders

Falcon Pvt Bank appoints new CEO

International Finance Desk
by International Finance Desk
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...
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Economy

UBS may shift its base outside the UK

International Finance Desk
by International Finance Desk
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,...
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Banking

BisB rights offer 100% subscribed

International Finance Desk
by International Finance Desk
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...
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Banking

Grupo Aval — Central America’s largest financial conglomerate

International Finance Desk
by International Finance Desk
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...
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Banking

Why digital wallets are a hit in China, India

International Finance Desk
by International Finance Desk
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...
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Banking

Measuring growth and spotting pitfalls in the UK mortgage market

International Finance Desk
by International Finance Desk
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...
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Economy

Private Sector – an integral part of climate action post Paris

International Finance Desk
by International Finance Desk
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...
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Fintech

Did China just float the yuan?

International Finance Desk
by International Finance Desk
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...
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Business Leaders

‘With AIIB around, ADB will no longer be complacent’

International Finance Desk
by International Finance Desk
ADB was not doing much lending before as Japan was too busy trying to put its own house in order Suparna Goswami Bhattacharya July 31, 2015: Since the day China announced its intention to set up Asian Infrastructure Investment Bank (AIIB), US has been skeptical about its intention. Same with Japan. Though initially, supporters were...
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Banking

Battling for billions

International Finance Desk
by International Finance Desk
New mobile payments provider Equitel heats up competition in Kenya Amoxers Wachira July 30, 2015: In Kenya, it is unbelievably easy to complete transactions using a simple mobile phone handset. Such is the success of M-Pesa, Kenya’s pioneering mobile payments platform, that the country has been thrust in the unlikely position of a global leader...
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