Tag Archives: financial services

01Nov/16

More Brexit trauma ahead for sterling?

UK manufacturing showed solid growth in October thanks to exchange rates driving up new orders, according to the latest data. But as Ivor Bennett reports, sterling could fall even further than some might want – a new poll forecasting lows of $1.15 when Britain starts formal divorce proceedings from the EU.
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15Mar/16
Bangladesh's central bank governor Atiur Rahman

Bank governor resigns after cyber heist

Bangladesh’s central bank governor Atiur Rahman has resigned after $81 million was stolen from the bank’s account at the New York Fed. As Sonia Legg reports, it was one of the largest cyber heists in history. Continue reading

02Dec/15

California shooting adds to market jitters

Stocks fell on Wednesday, after a shooting in southern California rattled the markets, adding to downward pressure after comments from Fed Chair Janet Yellen. Bobbi Rebell reports.

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20Oct/15

Deutsche’s $6bln ‘fat finger’ episode

(BVO) – It was the right client but the wrong amount.

Known as a ‘fat finger’ episode, a junior trader at Deutsche Bank wired $6 billion to a US hedge fund, according to the UK’s FT newspaper.
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30Sep/15

U.S. businesses, cardholders slowly embracing chip technology

U.S. businesses on the eve of a big deadline – the switch to a new, more secure chip-based payment system – but many aren’t ready.
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25Aug/15

China cuts rates, reserve ratio to aid economy as stocks sink

China’s central bank cuts interest rates and simultaneously relaxes reserve requirements for the second time in two months.

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03Aug/15

Prices plummet as Athens bourse reopens

(Reuters Business Report)- A river of red on the boards of Athens’ bourse.

This was the plunge analysts had expected.

The first time trades on the Greek stock market could be made in five weeks saw falls of nearly 23 percent at the open.

Banking shares in particular hit hard.
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07Jun/15

Deutsche Bank makes John Cryan CEO

John Cryan, former UBS Chief Financial Officer and on Deutsche Bank’s supervisory board, has been appointed the latter’s new Chief Executive Officer, as the bank tries to clean up its image.
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26May/15

Alleged Libor ringleader goes on trial in London

Former trader Tom Hayes, on trial for allegedly conspiring to rig benchmark interest rates, has admitted to being motivated by greed and was fired by U.S. bank Citigroup in 2010, prosecutors tell a London court.

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01Apr/15

U.S. still cold on China-led infrastructure bank

(BVO) – Growing competition for political influence in Asia, as the U.S. pivot to the region hits a hiccup.

A long list of countries ranging from Denmark to Australia signing up to join the China-led Asian Infrastructure Investment Bank – leaving the U.S. and key ally Japan out in the cold.
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