The worst traffic hotspots in the 25 most congested US cities
New York had more traffic hotspots than any other city, costing drivers $64 billion by 2026 due to wasted time, fuel and emissions...
Tag : New York
Deutsche Bank fined for laundering $10 billion for Russians
The German bank has been hit with a $629 million penalty in the US and UK IFM Correspondent February 1, 2017: Germany’s Deutsche Bank has been hit with a $629 million penalty in the US and UK over a $10 billion money laundering scheme that involved its branches in Moscow, New York and London. The...
Employment grows in the US
Businesses added 175,000 jobs to the US economy in October IFM Correspondent November 4, 2016: US employers hired more workers in October and also hiked the wages of existing workers. Businesses added 175,000 jobs to the US economy in October and 156,000 jobs in September, while the unemployment rate ticked up to 5%. “The expected...
Payment authentication company VST Enterprises expands in US
Adds industry heavyweights to business development team and focuses on strategic partnerships growth in North America October 14, 2016: In a decisive move, UK-based VST Enterprises has announced the addition of two former Elavon Vice Presidents to its business development arm in the US. Joseph Cohane, ex Executive Vice President, and Stephanie Sharp, ex Vice...
deVere to expand its Miami office
Move part of a strategic expansion August 1, 2016: deVere USA Inc, part of deVere Group, one of the world’s largest independent financial advisory organisations, will expand its Miami office. It has had a presence in the South Florida city since June 2011, but has now moved to larger premises in the main financial district...
Deposit Solutions appoints Max von Bismarck as CBO and MD
FinTech company accelerates Europe-wide rollout April 14, 2016: Deposit Solutions, the first open architecture platform for retail savings deposits and operator of ZINSPILOT, has strengthened its leadership team with Max von Bismarck as Chief Business Officer and Managing Director. Von Bismarck will work alongside founder Dr. Tim Sievers to support him with the international expansion...
What are smart cities?
It is pertinent to look at this question as India embarks on a mission to create a hundred smart cities Anil Bhaskaran June 11, 2015: India, it is claimed, is on the threshold of creating a hundred ‘smart cities’. It is pertinent, therefore, at this point of time, to take look at the question –...
Argentina sues and suspends Citibank
The reason is the bank’s exit from its bond custody business Kamilia Lahrichi April 14, 2015: The Argentine left-wing government is suing in local courts Citibank Argentina, the country’s 12th largest bank by deposits and a subsidiary of Citigroup, for exiting its bond custody business, Economy Minister Axel Kicillof said on April 8, 2015, in...
SMEs: The double-edged sword of disintermediation
Fragmentation of SME credit markets requires business owners to be more knowledgeable Charles Thorburn February 3, 2015: Financial markets have gone through a roller coaster in the past eight years, and whether it’s been bank bailouts, sovereign debt crises or LIBOR fixing scandals, the world of finance has been a large part of the news...
Most investment bankers are still male
With a 2% drop in number of women entering the financial sector in the US, gender diversity is a long way off Suparna Goswami Bhattacharya October 7, 2014: While the technology sector is struggling to shrug off the gender-bias tag from its name, there is another industry — the financial services sector — which...