Wednesday, Dec 7, 2022
International Finance

Tag : cash

Banking

Deutsche Bank to finally settle US mortgage probe

Will pay $7.2 billion to resolve the case IFM Correspondent December 23, 2016: Deutsche Bank AG said it reached a $7.2 billion agreement to resolve a year-long U.S. investigation into its dealings in mortgage-backed securities, removing a legal hurdle that fuelled investor angst. Deutsche Bank will pay a $3.1 billion civil penalty and provide $4.1...
Fintech

Siris Capital Group affiliates acquire Xura

Xura shareholders to receive $25 per share in cash August 22, 2016: Xura, a leading provider of digital communications services, announced the completion of its acquisition by affiliates of Siris Capital Group, in a transaction reflecting an equity value of approximately $643 million. The transaction, which was initially announced on May 23, 2016, was approved...
Fintech

Rise of holiday cash mule

Tourists are short-changing themselves by loading up on foreign currency before going abroad July 11, 2016: Concerns over access to money overseas are causing many holidaymakers to stockpile far more foreign currency than they need.  The trip to the local post office or bank to ‘stock up’ ahead of departure is a tradition which could be...
Fintech

‘Payments via mobile phones are predicted to grow to $58 billion by 2017’

IFM spoke to Andrew Schrage, co-founder of Moneycrashers.com, about the changes in payment systems April 23, 2015 Karan Belani How do the various payment systems — cash, cheque, credit cards, net banking, mobile payment — compare in terms of 1.       Cost incurred by the customer 2.       Safety issues There are virtually no costs incurred by...