July 12, 2020
Vice Chair for Supervision and Chair of the Financial Stability Board (FSB) Randal K. Quarles At the Exchequer Club, Washington, D.C. (via webcast) Good afternoon ladies and gentlemen. I would …
February 21, 2020
UBS Group AG, a Zurich headquartered multinational investment bank and financial service provider recently revealed the appointment of the new Chief Executive Officer. As per the statement released by the …
February 15, 2020
IBOS Associated Limited, a UK based multinational banking network recently revealed the addition of a new executive to its executive leadership and management team. As per the statement released by …
Continue reading “Manoj Mistry Joins IBOS as Managing Director “
July 1, 2019
The FMA and Reserve Bank of New Zealand said today that all banks had committed to remove sales incentives from frontline staff and their managers. Last year’s report by the FMA and RBNZ on banking conduct and culture required banks to outline their plans to remove sales incentives in line with the following criteria
June 19, 2019
US-based multinational investment banking and financial service provider Citigroup Inc recently made an announcement revealing its plans to merge two of its Forex related business operations into one single business operation. The banking giant announced that the decision to merge two units was agreed upon post its recent enterprise-wide review owing to a series of consumer scandals and as some of its business ventures failed to meet expected targets.
June 5, 2019
Asian indices finished higher today as investor sentiment improves amid upcoming rate cuts from major Central Banks. The Nikkei225 finished 1.80 percent higher to 20,776 the Hang Seng benchmark in Hong Kong finished 0.30 percent higher at 26,846. The Shanghai Composite finished 0.06 percent higher to 2,862, while in Singapore the FTSE Straits Times index finished 0.61 percent higher to 3,142.
June 4, 2019
Asian indices finished mostly lower today as investor sentiment remains fragile amid trade war and the upcoming rate cuts from major Central Banks. The Nikkei225 finished 0.01 percent lower to 20,408 below its 100-day moving average; the Hang Seng benchmark in Hong Kong finished 0.70 percent lower at 26,702. The Shanghai Composite finished 0.96 percent lower to 2,862 also below the 100-day MA, while in Singapore, the FTSE Straits Times index finished 0.20 percent higher to 3,130.
June 3, 2019
Asian indices started the week lower as President Trump vowed to impose a 5% tariff on Mexican imports and China blames the U.S. for the breakdown in trade talks and said it won’t back down. The Nikkei225 finished 0.92 percent lower to 20,410 below its 100-day moving average; the Hang Seng benchmark in Hong Kong finished 0.16 percent lower at 26,854.
May 31, 2019
As per the latest update from multinational FX risk management firm CLS group, Marc Bayle De Jesse – current Chairman of the market infrastructure and payments committee at ECB will be joining the firm as its CEO. The report stated that Marc would join CLS group at the end of the year by which time Marc is expected to terminate all his current ties and responsibilities To European Central Bank.
May 29, 2019
Asian indices finished lower today as the China-U.S. trade dispute continues and a Chinese official hinted yesterday that Beijing could use its strength in rare earth minerals as leverage in its trade dispute with the United States. A rally in US 10-year treasuries saw yields slump to multi-year lows resulting in the inversion of the yield curve for the second time this year. It’s a repeat of the warning shot first fired in March this year.
