Friday, Nov 22, 2024

International Finance

Tag : Islamic Finance

Banking

Eurobank Takes over Two Greek Banks as Part of Consolidation

International Finance Desk
by International Finance Desk
The sale is the latest move in a consolidation of the banking sector that aims to form stronger, well capitalized banks to help the economy out of a six year slump. July 16, 2013 : Greece’s bank rescue fund picked Eurobank to buy New Hellenic Postbank as part of consolidation in the sector and to meet...
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Banking

Risk Management in the Banking Industry

International Finance Desk
by International Finance Desk
Risk management is an essential part of helping the bank grow while keeping an eye on the potential consequences if something goes wrong.  July 16,2013 : The perception of risk management is fundamentally changing within today’s institutions. It is no longer purely used as a control mechanism but as a critical input into the basic business...
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Fintech

How Does the NASDAQ Work?

International Finance Desk
by International Finance Desk
Most of the companies traded in the NASDAQ are technology based mainly due to the dot net boom which happened in the 1990’s. 16th July 2013 The term NASDAQ is an American stock exchange and an acronym for National Association of Security Dealers Automated Quotations. It is generally an exchange system that trades and prices...
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BankingUncategorized

World Bank Announces US$1 Billion Pledge to Africa’s Great Lakes Region, Targeting Energy, Roads, Agriculture, Cross-Border Trade, Health, and Jobs

International Finance Desk
by International Finance Desk
Cross-border trade key to peace for Africa’s Great Lakes Region. July 15, 2013: On the first day of an historic joint United Nations/World Bank Group mission to the Great Lakes region, the World Bank Group announced $1 billion in proposed new funding to help countries in the region provide better health and education services, generate...
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Fintech

“Three Letter Agencies” Not Invited for DEF CON

International Finance Desk
by International Finance Desk
An irreverent crowd of more than 15,000 hackers, researchers, corporate security persons, privacy advocates, artists and others are expected to attend the Las Vegas convention that begins on August 2nd . 15th July 2013 The annual DEF CON hacking convention has asked the federal government to abstain from this year’s meet for the first time...
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Banking

Myanmar: Stepping up to Asia and the World

International Finance Desk
by International Finance Desk
Myanmar can realize its full potential and end extreme poverty and build shared prosperity by building a strong macro-economic framework with fiscal policies that align the budget with development priorities. July 14, 2013: Myanmar was one of East Asia’s fast growing advanced economies in the early 20th century. But decades of isolation took its toll...
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Banking

Transatlantic Exchange Operator to Takeover Scandal hit LIBOR

International Finance Desk
by International Finance Desk
The winning subsidiary known as NYSE Euronext Rate Administration Limited is scheduled to complete the transfer by 2014. July 11,2013 : International Finance Magazine reports on the takeover of the traditional rate setter by an independent private company and a threadbare analysis of how the new mechanism shall prevent fraudulent rate setting by elite banks and...
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Banking

U.K. Government to Sell Tax Payer’s Stake in Lloyd’s Banking Group

International Finance Desk
by International Finance Desk
Britain is keen to start selling its 20 billion pound holding in Lloyds this year, and top investment banks of the world will pitch for the job of handling the sale by a Treasury deadline on Monday. July 09, 2013 : Shares of Lloyds Banking Group jumped to 2 ½ year high on Monday as overseas...
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Banking

E.U pushes for a Transatlantic Banking Regulator

International Finance Desk
by International Finance Desk
It is possible that, as a result of the talks some form of transnational super regulator could be formed, which would take a lead on financial regulation over the two financial super powers . July 08, 2013 : The European Union is all set to push for an agreement on banking and financial services as a...
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Fintech

EU Backloading Bill Gets Nod of European Parliament

International Finance Desk
by International Finance Desk
Members of the European parliament voted in favor by 344 to 311, with 46 abstentions, of delaying the auction of 900 million carbon dioxide emission permits, a process termed as backloading. 8th July 2013 Prices of carbon on the market rose by 12 % after the European Parliament voted yesterday in favor of EU emissions...
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