Saddled with 750 billions euros in sour loans, ECB’s guidelines had wanted banks to hike up their provisions against these non-performing assets. On Thursday, the European Central Bank stated although its guidelines on the treatment of non- performing assets of… Read More ›
The services of London-based financial services, including funds, banks and insurers are likely to be capped in their access to EU’s single market regime. Bloomberg has reported, citing a draft document, that the European Union plans on providing British-based financial… Read More ›
The draft proposal is aimed at significantly reducing the stock of bad loans in the European Union. On Friday, a source familiar with the matter at hand stated, the European Commission has prepared a draft proposal aimed at reducing the… Read More ›
Allegations of widespread wrong-doings have plagued Australia’s finance sector since many years, adding pressure on the industry to undergo a thorough root-and branch reform. On Monday, the head of the government-backed inquiry which is delving into Australia’s finance sector to… Read More ›
Russian stocks have largely shrugged off the risks of new U.S. sanctions which center around this list. On Tuesday, Kremlin’s spokesman Dmitry Peskov stated that with Washington choosing to place people close to the Kremlin as part of an ‘oligarchy… Read More ›
Thomson Reuters’ Financial and Risk business accounts for more than 50% of the group’s total revenues. As per 3 sources familiar with the matter at hand, Blackstone Group LP, a private equity firm, is in advanced talks to With Thomson… Read More ›
Luxembourg and Dublin have emerged as favorites among firms who are shifting their European operations from Britain following Brexit. According to sources familiar with the matter at hand, Goldman Sachs has picked Dublin as a location for its administrative staff… Read More ›
Banknotes are regularly threatened to disappear from our economies, under the pressure of banking and credit card industries, governments economic policies and social trends. But once cash yields to more “modern” payment systems, it seems it is sorely missed, enough… Read More ›
The Republican-led overhaul of the U.S. tax code, a milestone in U.S. history, has direct and indirect benefits but the sectors that are likely to gain the most are highlighted below with notes from analysts. With the Republican-led U.S. House… Read More ›
Cities across the European Union have become prime destinations for international banks in the wake of Britain deciding to leave the European Union. On Tuesday, Goldman Sachs stated it is looking to add 250 more staff to its roaster in… Read More ›
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