Give the Reserve Bank the keys after PNB fraud
“From the RBI’s standpoint, legislative changes… that make our banking regulatory powers fully ownership neutral – not piecemeal, but fully – is a minimum requirement,” he said. (That wasn’t all he said. He also used the magnificent phrase “a tonne...
Brazil: Financiers trade different experiences of the same country
First the positive bankers and traders: financial flows and assets have jumped in the last 14 months or so. The Bovespa has more than doubled as international investors have moved into one of the largest emerging markets. The rally has...
Asian Markets Shrugged Off US Selloff; FOMC Minutes, NAFTA and Trade War Watched This Week
Asian markets open positively this week in spite of the sharp selloff in the US on Friday. At the time of writing, Nikkei is trading up 0.55%. China is back from holiday with SSE up 0.35%. Hong Kong HSI is...
Former ‘super bull’ sours on economic growth, sees ‘good old fashioned slowdown’ ahead
One of Wall Street’s veteran economic forecasters is toning down his economic growth forecast. The Economic Cycle Research Institute’s Lakshman Achuthan told CNBC his leading indicators are pointing to a slowdown that’s picking up momentum — highlighting one particular trend...
Dollar Mixed as Markets Pared Back Expectations of Fed Hikes Slightly, after NFP and on Trade War
US-China trade war was the dominant theme in the financial markets last week. US started by announcing the list of 1300 product lines to be tariffed under Section 301 actions. China quickly responded by announcing 25% retaliation tariffs to US...
SEC targets controversial crypto firm Longfin, freezes $27 million in proceeds from insider stock sales
The U.S. Securities and Exchange Commission obtained an emergency freeze of $27 million in trading profits involving the CEO of cryptocurrency company Longfin and three other people, the agency said in a statement Friday. Longfin’s stock was halted on the...
SEC takes aim at controversial crypto-company Longfin, freezes $27 million in proceeds from insider stock sales
The U.S. Securities and Exchange Commission obtained an emergency freeze of $27 million in trading profits involving the CEO of cryptocurrency company Longfin and three other people, the agency said in a statement Friday. Longfin’s stock was halted on the...
All change in Europe’s mid-market
In the post-Brexit vote uncertainty plaguing the UK, it is no surprise that mid-market bank lenders are being more cautious. Recent research from Alix Partners Corporate Finance reveals that the volume of lending by banks to mid-market borrowers in the...
Lofty green bond goals need to be global
One trillion dollars in green investments by 2020 – that is the goal Christiana Figueres, the UN’s former climate change chief, put forward again at the launch of the Green Bond Pledge in March. The pledge, developed by a range...
The known unknowns about Crédit Agricole
Big banks will always be criticised for their complexity, and French banks’ desire to be all things to all people makes them particularly prone to baffling complication. Crédit Agricole is probably the least fathomable in France – not just because...
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