Wednesday, Nov 27, 2024

International Finance

Tag : Wealth Management

Banking

Brazilian central bank resorts to reserve requirement cuts

International Finance Desk
by International Finance Desk
Measure suggests a compromise between hawks at the COPOM and the Rousseff administration July 28, 2014: Citing the slowdown in bank lending, the Brazilian central bank (BACEN) on July 25 announced a reduction in the amount of reserve requirements, totaling about BRL30bn (or 7.5% of the total outstanding amount). Reserve requirements have been utilized by...
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Banking

NDBIB dominates investment banking space in Sri Lanka

International Finance Desk
by International Finance Desk
The company has managed several successful public offerings, including the largest ever equity issue on the Colombo bourse August 27, 2014: NDB Investment Bank (NDBIB) has implemented innovative debt and equity tactics in local capital markets for over a decade. The company was established in 1997 as Citi National Investment Bank, a joint venture between...
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Economy

UK output finally exceeds pre-recession levels

International Finance Desk
by International Finance Desk
ING believes that BoE will end up tightening monetary policy sooner rather than later July 25, 2014: UK 2Q14 GDP growth has come in at 0.8%QoQ or 3.1% YoY, in line with market expectations. This is the fastest rate of annual GDP growth since 4Q 2007 and means that the UK economy has finally regained...
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Banking

India’s central bank to identify bulwark in a financial crisis

International Finance Desk
by International Finance Desk
The RBI will designate up to six banks as Domestic Systemically Important Banks (D-SIBs) to reduce the risk of collapse of the financial system July 24, 2014: The Reserve Bank of India (RBI) has decided to designate up to six banks as Domestic Systemically Important Banks (D-SIBs) to reduce the risk of collapse of the...
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Business Leaders

60 days after polls, Belgium sees signs of a federal government

International Finance Desk
by International Finance Desk
But this is nothing compared to 2010 when it took 18 months to form a government July 24, 2014: Nearly two months after the regional and federal elections in Belgium, it seems that the political process to form new governing coalitions is nearing an end. The elections took place on May 25. At the regional...
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Islamic Banking

DIB’s ‘Smart Bank’ set to redefine customer service

International Finance Desk
by International Finance Desk
New customers can complete their account opening formalities and walk out with their ATM cards and cheque books within 15-20 minutes July 23, 2014: Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has announced the launch of ‘Smart Bank’, in line with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum’s,...
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Economy

UK manufacturing orders and employment on positive note: CBI survey

International Finance Desk
by International Finance Desk
Domestic orders power manufacturing recovery July 23, 2014: The recovery in British manufacturing continued apace in the last quarter, with faster growth in domestic orders and output, according to the latest Confederation of British Industry (CBI) quarterly Industrial Trends Survey. The survey of 481 firms reported robust growth in orders in the three months to...
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Economy

Property deal underlines confidence in New Zealand’s economy

International Finance Desk
by International Finance Desk
Canadian institutional investor buys portfolio of 18 assets July 22, 2014: A property portfolio of 18 assets, held in the AMP Capital Property Portfolio (APP) and worth in excess of NZ$1 billion, has been sold to Public Sector Pension Investment Board (PSP Investments), a Canadian institutional investor, on behalf of exiting investors. The deal, which...
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Economy

SGX opens liaison office in India

International Finance Desk
by International Finance Desk
It will provide information and act as a communication channel to support capital raising by Indian companies in Singapore July 22, 2014: Singapore Exchange (SGX) announced on Tuesday that, following approval from the Reserve Bank of India, its liaison office in India has commenced operations with Neena Prasad as its Chief Representative. SGX’s office in...
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Banking

Mobile, i-banking transactions worth nearly £1 billion a day in UK

International Finance Desk
by International Finance Desk
In 2014, the rate of adoption of digital banking grew strongly with more than 15,000 people downloading banking apps a day July 22, 2014: Mobile and internet banking are now being used for transactions worth nearly £1 billion a day in the UK, according to a major industry-wide report into consumer-friendly technology by the BBA...
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