Saturday, Jun 3, 2023

International Finance

Tag : Bank

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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Banking

‘We set standards for the best customer experience’

International Finance Desk
by International Finance Desk
BankDhofar of Oman has also been a leader in terms of product innovation and creative solutions  July 22, 2015 : How has the Sultanate been doing with efforts to diversify its oil-dependent economy? As part of ‘Oman Vision 2020’, there are concerted efforts to diversify the economy and reduce the dependency on oil. The specific...
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Fintech

Top 10 most epic trades of all time

International Finance Desk
by International Finance Desk
Every day, thousands of trades are conducted between traders around the world, but most of them will never be remembered TeleTrade July 21, 2015: Every day, thousands of trades are conducted between traders around the world, but – let’s face it – most of them will never be remembered. The trades that stay in history...
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Economy

Kenya’s betting big on infrastructure

International Finance Desk
by International Finance Desk
Earlier this year, various organisations placed the East African nation among the fastest growing economies in the world Amoxers Wachira and Veronicah Riba July 10, 2015: Africa has been described as the Dark Continent for many years. However, with economies of a couple of African countries recording growth in recent years, the narrative is quickly...
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