An Imminent Financial Peril??
Mr. Mervyn King, former head of the United Kingdom's Bank of England, recently stated that another financial crisis is “certain” and could come sooner rather than later. Mr. King also believes...
Tag: Bank of America
77% of Investors Made Money In 2016 and Women Beat Men Again
Just about anyone who had money in the market is saying, "Thank you, 2016!" The vast majority of investors -- 77% -- made money this year, according to data shared first with CNNMoney by Openfolio,...
Foreign Banks In Britain Pay Fraction of Tax Rate
Some of the biggest foreign investment and commercial banks operating in Britain paid an average tax rate of just 6 percent on the billions of dollars of profits they made in the country last year, a...
Wells Fargo Fails US Bankruptcy Test
US bank Wells Fargo has been hit with restrictions after attempts to fix issues with its bankruptcy plan failed. Banks labelled "too big to fail" must have a so-called "living will" that would allow...
Wall Street Little Changed As Bank Rally Pauses
U. S. stocks ended little changed on Friday after a payrolls report did little to recast expectations for an interest rate hike from the Federal Reserve this month and bank stocks cooled to round out...
The ‘now’ & the ‘future’ of Green Banking [Article]
The Internet is a powerful tool for communication and research as well as providing businesses with means of connecting with consumers and generating income. Advancement in Information and...
Bonds Sell-Off Continues As Investors Bet On Rate Rise
A wave of selling sweeping across bond markets resumed on Monday as investors continued to digest the impact of a Donald Trump presidency. US and European bond prices have sunk in expectation that he...
The Evolution of Mobile Phone Banking Services
I do have a question for you. Is the use of Mobile Phone Banking making significant efforts in bridging the gap to universal financial inclusion? Come to think of it! Mobile banking is simply the act...
US Seeks $14bn Deutsche Bank Settlement
The US Department of Justice is asking Deutsche Bank to pay $14bn (£10.6bn) to settle an investigation into mortgage-backed securities, the bank has said. Deutsche Bank said it "has no intention to...
Falling Revenues Put Pressure On Investment Banks
The world’s biggest investment banks saw combined revenues sink by 15 per cent in the first half of this year, the most since the aftermath of the financial crisis, underlining the urgency of...
US To Restrict Dollar Imports Into Zimbabwe
The United States has set in motion a plan to “collapse the Zimbabwean economy overnight” by restricting US dollar imports into the country, The Sunday Mail has gathered. Part of this plot...
Ghana Launches $750 Million Eurobond At 9.25%
The Republic of Ghana has launched a $750m bond due 2022 at a yield of 9.25 percent, according to persons close to the deal. That compares with guidance of 9.5 percent area (plus or minus 12.5bp) and...
The Monkey In An Organizational Hierarchy
You may have been recruited from a top-notched school as an undergraduate or a postgraduate or better still through networking for a summer internship with Bank of America or Goldman Sachs, a...