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World Moving Away From Dollar As Global Reserve Currency

Global Reserve Currency May No Longer Be US Dollar The issue of when a global reserve currency begins or ends is not an exact science. There are no press releases announcing it, and neither are there big international conferences that end with the signing of treaties and a photo shoot. Nevertheless, we can say with confidence that the

Compliance In Trade Finance Due Diligence

Compliance In Trade Finance Due Diligence Companies involved in international trade have for many years used trade finance instruments as tools to manage risk when importing and exporting internationally. The trade finance deal structure, when engineered correctly, goes a long way towards ensuring that cross-border transactions are structured to protect our clients against late payments, political risk, delayed delivery,

By |2019-01-05T11:35:47-05:00Jan 12, 2017|Categories: Banking And Finance, Financing, Government, Industry, International Trade|Tags: |

Shortage Of Trade Finance Reaches $1.6 Trillion US

Global Shortage Of Trade Finance Is Crushing Small Business The worldwide shortage of trade finance has reached $1.6 trillion US according to a recent study by the Asian Development Bank. A shortage of trade finance of this magnitude is having a crushing effect on small businesses worldwide, many of whom cannot find trade finance for their business.  The International

US Penalizes Credit Suisse, Deutsche Bank $12 Billion For Toxic Debt

US Penalizes Credit Suisse and Deutsche Bank ZURICH/FRANKFURT Credit Suisse and Deutsche Bank have been hit with a combined penalty of more than $12 billion over the sale of U.S. toxic debt, further hampering two of Europe's leading investment banks as they grapple with falling profits. The penalty puts them at a further disadvantage to larger U.S. rivals. Credit

By |2023-12-06T05:17:56-05:00Dec 23, 2016|Categories: Banking And Finance, Europe, Government, Industry, North America, Politics, Regions|

Credit Suisse agrees $5.3 billion U.S. mortgage settlement

ZURICH Credit Suisse (CSGN.S) had agreed in principle to pay US authorities $2.48 billion to settle claims it misled investors in residential mortgage-backed securities it sold in the run-up to the 2008 financial crisis, the Swiss bank said on Friday. Credit Suisse will also provide $2.8 billion in consumer relief over five years from the settlement, it said in

By |2018-04-11T07:38:00-04:00Dec 23, 2016|Categories: Banking And Finance, Europe, Government, Industry, International Trade, North America, Politics, Regions|

Deutsche Bank agrees to $7.2 billion mortgage settlement with U.S.

NEW YORK/FRANKFURT Deutsche Bank has agreed to a $7.2 billion settlement with the U.S. Department of Justice over its sale and pooling of toxic mortgage securities in the run-up to the 2008 financial crisis. The agreement in principle, announced by Deutsche Bank's Frankfurt headquarters early Friday morning, offers some relief to the German lender, whose stock was hit hard

By |2018-03-29T21:29:34-04:00Dec 22, 2016|Categories: Banking And Finance, Europe, Government, Industry, North America, Politics, Regions|

Banks lift stocks, dollar holds near 14-year peak

LONDON European stocks edged higher on Friday helped by banks after two regional bellwethers settled U.S. mortgage securities probes, while oil and the dollar were on the back foot in light trading ahead of the Christmas break. In another boost to European financials, a bailout for Italy's oldest bank Monte dei Paschi was approved as the country's government looks to

By |2018-03-29T21:33:09-04:00Dec 22, 2016|Categories: Banking And Finance, Capital Markets, Industry, International Trade, North America, Regions|

U.S. sues Barclays, ex-executives for mortgage securities fraud

NEW YORK The U.S. Department of Justice on Thursday sued Barclays Plc (BARC.L) and two former executives on civil charges of fraud in the sale of mortgage-backed securities during the run-up to the 2008-09 financial crisis. The lawsuit was filed after Barclays resisted a penalty the U.S. government had sought in settlement negotiations, a person familiar with the matter said.

By |2018-03-30T11:23:59-04:00Dec 22, 2016|Categories: Banking And Finance, Europe, Government, Industry, International Trade, North America, Politics, Regions|

AIIB to fund Philippines projects

The Asian Infrastructure Investment Bank (AIIB) is to co-finance two infrastructure projects in the Philippines. The China-backed development bank is to contribute loans to a flood management project on the Manila metro system and a rapid transit bus system in the Filipino capital. The loan amounts are yet to be revealed, but the AIIB’s participation has been confirmed by the

By |2018-03-05T01:22:22-05:00Dec 22, 2016|Categories: Asia, Banking And Finance, Industry, International Trade, Regions|

Services bring new opportunities for banks

As the dollar value of global merchandise reduces, the value of cross-border services is rising, creating new opportunities for banks to innovative by embracing the change. In an analysis of bilateral trade between 25 key trading nations, Global Trade Forecast, HSBC and research partner Oxford Economics found that growth in services exports has outstripped growth in goods trade since the

By |2018-03-05T01:23:13-05:00Dec 21, 2016|Categories: Banking And Finance, Europe, Government, Industry, International Trade, North America, Politics, Regions|
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