World Bank Report

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Swiss National Bank is Skeptical of National State-Issued Crypto

NewsBTC 24 Jun 2018

Business Insider reported that Thomas Moser, a key member of management at the National Swiss Bank, believes that governments have lost interest in state-issued crypto or digital currencies ... Moser recognized that these national cryptocurrencies�if implemented, would directly interfere with the operation of banks, and would forever alter the management of the financial world....

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AIIB investments top 4.2 billion USD in 2017: report

Xinhua 24 Jun 2018

The report identified the bank's thematic priorities as sustainable infrastructure, cross-border connectivity and private capital mobilization ... dollars in 2016, according to the bank's annual report. The report also highlights cooperation with other ......

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Sterling Bank Prioritises Employees

This Day 24 Jun 2018

Prioritising employee well-being alongside various flexible working options, has earned Sterling Bank Plc the award for Best Quality of Life in the Large Corporates category at the 2017/2018 Great Place to Work Awards held in Lagos recently ... Presented to the bank by the prestigious Great Place to Work Institute Africa, the award affirms the bank’s commitment to creating a positive workplace that fosters excellence and productivity....

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Should India’s Insurance Behemoth Be Welcomed Into Banking?

Yahoo Daily News 24 Jun 2018

The government is looking to sell stake in IDBI Bank Ltd ... It has already approached the insurance regulator to clear the decks of this stake transfer, BloombergQuint reported on Friday ... LIC currently holds 11 percent in IDBI Bank ... IDBI Bank’s Losses Widen As Gross Bad Loans Surge To 28% . Is that money well spent by LIC? It’s tough to argue in favor of that given that the bank has reported losses for six consecutive quarters now....

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China has over 7 billion bank cards

China Daily 24 Jun 2018

BEIJING — China had issued 7.03 billion bank cards by the end of 2017, meaning each Chinese person has about 5 cards on average, according to a new industry report ... Banking Association....

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Xi says China must lead way in reform of global governance

Arabnews 24 Jun 2018

China must lead the way in reforming global governance, the foreign ministry on Saturday cited President Xi Jinping as saying, as Beijing looks to increase its world influence. China has sought a greater say in global organizations such as the World Bank, the International Monetary Fund and United Nations, in line with its growing economic and diplomatic clout ... World Tags....

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Against the grain: Australian banks face rural lending reckoning

This is Money 24 Jun 2018

SYDNEY, June 24 (Reuters) - Australian potato farmer Tom Fox says he had never missed a bank payment in two decades before a delay sending a shipment to Indonesia during a trade dispute between the countries prompted his lender to force him into receivership in 2013 ... But the bank didn't see the difference when he reported the shipping delay, he says, and called in a receiver ... ($1 = 1.3528 Australian dollars) (Reporting by Byron Kaye....

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Cryptocurrency Price Analysis for the Week 18 June to 24 June- Downward Spirals Continue as ...

CoinGape 24 Jun 2018

South Korean Bithumb, the sixth largest exchange in the world, got hacked and the dumping began in fear ... And in Switzerland, the Bank of International Settlements released a report that bitcoin would bring down the internet, which was followed by the Swiss National Bank saying that they are not considering an electronic version of the Swiss Franc....

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Business Advisory

The Times of India 24 Jun 2018

BIZ-PAR PANEL-BANKS ... Heads of 11-state owned banks will apprise a parliamentary committee about the problems of mounting bad loans and increasing fraud cases on Tuesday, sources said ... E-commerce companies are focusing on artificial intelligence and virtual reality with a view to cut logistics costs and identify fraudulent orders, said a report by global auditing and consulting firm PwC....

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5 bank staff swindle Rs 12L from farmer's a/c

The Times of India 24 Jun 2018

Five officials of Axis Bank, including a manager at its branch in Kattur, were booked by police on Saturday for swindling more than 12 lakh from the account of a farmer who had availed of an agricultural loan ... The arrested have been identified as Pravin Kumar, 27, manager of agriculture section of Axis Bank, Kattur branch, and Perezhilen, 24, assistant manager at the bank's Pudukkottai branch ... 15 most beautiful women in the world....

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Kerala football fan, who went missing after Argentina’s defeat, found dead

Deccan Chronicle 24 Jun 2018

An ardent fan of Argentina, who went missing after the South American team’s 3-0 loss to Croatia in 2018 FIFA World Cup, was found dead near Illikkal Bridge in Kottayam on Sunday, news agency ANI reported ... The note in Malyalam reportedly said, "I have nothing more left ......

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Arron Banks ‘discussed digging dirt on journalists’

The Guardian 24 Jun 2018

Arron Banks, who funded Nigel Farage’s Leave.EU campaign, talked about using private investigators to dig up dirt on journalists looking into his business activities, evidence seen by the Observer suggests ... On 24 October, Newsnight broadcast a report on Banks by the journalist John Sweeney ... The documents suggest Banks responded ... During the committee hearing, Ian Lucas asked Banks a question about his insurance company and he replied....

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CYBG-Virgin Money tie-up may start wave of banking deals

Belfast Telegraph 24 Jun 2018

Rumours have also swirled in recent months of big-ticket deals, with reports that Barclays was exploring a possible merger with rival banks including Standard Chartered in light of pressure from activist investor Ed Bramson. Elsewhere, Italian bank UniCredit is said to be eyeing a merger with France’s Societe General, though reports suggest the deal has been delayed amid political volatility in Rome....

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