Thursday, Sep 19, 2024

International Finance

Tag : Bank

Islamic Banking

Three Malaysia banks announce merger

International Finance Desk
by International Finance Desk
The combined entity will become South East Asia’s fourth largest commercial lender and Islamic bank IFM Correspondent October 14, 2014: CIMB Group Holdings Berhad, RHB Capital Berhad and Malaysia Building Society Berhad announced on October 9, 2014 that an application has been made to the country’s central bank seeking approval for its proposed three-way merger....
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Economy

Kenya rings in competition

International Finance Desk
by International Finance Desk
From price wars, buy outs to intrigues over thin SIM technology. Has the telecom sector finally come of age? Amoxers Wachira October 6, 2014: Over the last few months , Kenya’s telecom sector has been buzzing with activity. From mobile network operators  taking their price wars to court, to cut throat competition, which has prompted...
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Banking

Ukraine conflict: UK wants SWIFT punishment for Russian banks

International Finance Desk
by International Finance Desk
SWIFT is a crucial real-time gross payment system for cross-border transactions September 2, 2014: The UK will press EU leaders to consider blocking Russian access to the SWIFT (Society for Worldwide Interbank Financial Telecommunications) banking transaction system under an expansion of sanctions over the conflict in Ukraine, Bloomberg reported on Friday, August 29, citing an...
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Banking

Assets under management hit record high at Saxo Bank

International Finance Desk
by International Finance Desk
Client deposits have gone up by almost 10 billion Dkr. to over 60 billion Dkr. August 22, 2014: In the first half of 2014, Saxo Bank reached another record in assets under management, with client deposits exceeding 60 billion Dkr., an increase of almost 10 billion Dkr. equivalent to 19% in six months. Saxo Bank,...
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Economy

French trade deficit widens in May, growth crawls

International Finance Desk
by International Finance Desk
Central bank keeps sentiment indicator for manufacturing sector unchanged below long-term average, reports Team IFM Paris, July 14, 2014: The slowdown continues to chase France, with official data showing its trade deficit widening in May compared to the preceding month as imports rebounded, confirming findings of an independent survey that said the world’s fifth largest...
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