Wednesday, Mar 25, 2026

International Finance

Tag : banking

Banking

ING to shed 7,000 jobs

International Finance Desk
by International Finance Desk
Jobs cuts to mainly take place in Belgium and The Netherlands IFM Correspondent October 4, 2016: Dutch bank ING, the country’s biggest lender, announced plans to shed 7,000 jobs, mainly in Belgium and The Netherlands. The plan is part of cost cutting measure for the company, which will help it save $1.01 billion by 2021....
Read more
Business Leaders

The Rise of a Telecom Billionaire

International Finance Desk
by International Finance Desk
Carlos Slim’s net worth is equivalent to 7 % of Mexico’s GDP and for Bill Gate’s to have a same grip on the U.S. economy he would need 909 billion and own Alocoa, Philip Morris, DoNuts, Citi Bank, Marriott and Jet Blue....
Read more
Banking

Blockchain adoption fast in banking and financial markets

International Finance Desk
by International Finance Desk
Some 65% of banks expect to be in production in three years September 29, 2016: Commercial blockchain solutions are rapidly being adopted throughout banking and financial markets, dramatically faster than initially expected, finds a new IBM study. Fifteen per cent of banks and 14 per cent of financial market institutions interviewed intend to implement full-scale,...
Read more
FinanceIslamic Banking

Islamic funds are not just an alternative

International Finance Desk
by International Finance Desk
Their success is turning them into a source of competition for the conventional funds industry Camille Paldi September 22, 2015: More than 750 Islamic Investment Funds have been established around the world with assets under management (“AUM”) totaling approximately $60 billion compared to 70,000 conventional funds with AUM of $19trillion.  Currently, a wide variety of...
Read more
Uncategorized

Oman SME Summit 2015: Opportunities galore

International Finance Desk
by International Finance Desk
As the Gulf nation presses ahead with diversifying its oil-dependent economy, be there on September 13-14 to see what’s in it for you In today’s fast-paced and dynamic market environment, SMEs undoubtedly play a vital role. Though the term needs no explanation, for the sake of clarity, Small and Medium-sized Enterprises (SMEs) are non-subsidiary, independent...
Read more
Economy

Brazil takes a $27 billion hit

International Finance Desk
by International Finance Desk
That’s the cost of the Petrobras scandal to the world’s seventh largest economy Kamilia Lahrichi April 8, 2015: The Petrobras oil scandal, which sparked massive protests across Brazil against the government’s corruption and the economic slowdown, has cost $27.1 billion to the GDP of the world’s seventh largest economy, according to an April 2015 study...
Read more
Banking

KBL epb 2015 net profit rises 22%

International Finance Desk
by International Finance Desk
Full year net profit reaches €81 million; revenues rise to €548 million May 10, 2016: KBL European Private Bankers (KBL epb), headquartered in Luxembourg and operating in 50 cities in Europe, announced its positive financial results for the 12-month period ending December 31, 2015. KBL epb reported a group net profit of €81 million for...
Read more
Business Leaders

FTI Consulting appoints new managing director

International Finance Desk
by International Finance Desk
Mathew Richardson to join corporate finance practice September 06, 2016: Global business advisory firm FTI Consulting is pleased to announce the appointment of Matthew Richardson as a managing director in its corporate finance practice in London. Richardson will be relocating from the British Virgin Islands (BVI) where he has spent eight years, the last three...
Read more