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197 stories
Hong Kong stock exchange filings recently showed that Morgan Stanley, JPMorgan and Goldman Sachs units will delist a total of five hundred Hong Kong listed structured products. The products are linked to Telecom companies China Telecom, China Mobile and China Unicom and local index including the benchmark Hang Seng Index, the three investment banks said […]
The leading Digital currency Bitcoin saw its surge beginning this year with its price passing $30,000 for the first time with more investors and traders betting that it is on its way to become a mainstream payment method. The price of the Cryptocurrency traded as high as $31824 early Saturday, with almost all markets, it […]
After positive trial data from Pfizer and BioNTech on Vaccine, US banks are in line for windfall that widened the gap between long and short-term bond yields. Apart from big pharma, US banks are also reaping a windfall due to the news on the COVID-19 vaccine. Pfizer and BioNtech’s promise on releasing vaccine has not […]
The founder and CEO of MENA region’s first and largest open banking platform is confident about the revolution that the technology will create in the industry. A mobile banking application that has license can become financial advisor to customers in open banking. Open banking refers to sharing of financial information electronically and securely, with the […]
OpenPayd, which is an application programming interface (API)- led banking-as-a-service(BaaS) provider, launched InstantFX, which will help clients gain easy access to foreign exchange payments. Firstly, OpenPayd is a Technology business established in 2015, that provides a wide range of banking and payment services.that provides a wide range of banking and payment services. InstantFX gives a […]
Oman Banks Association (OBA) has advised lending institutions in Sultanate to welcome few technological innovations in global banking and financial services landscape. The Association’s CEO, Ali Hassan Moosa, warns Oman banks for neglecting new developments that have the potential to revolutionise the global industry. The innovations include open banking, fintech, robotic process automation, Artificial intelligence, […]
The U.S. Department of the Treasury turned up pressure on Iran by sanctioning 18 major banks in order to isolate it from the global banking system and thwart attempts to build nuclear weapons. The Office of Foreign Assets Control (OFAC) today 16 Iranian banks for operating in Iran’s financial sector and one bank for being […]
Indonesia and Japan have listed a number of banks as cross currency dealers in an attempt to encourage Rupiah and Yen transactions for bilateral trade and direct investment. The countries signed a Memorandum of Understanding (MoU) on the Local Currency Settlement framework in Tokyo. “Bank Indonesia (BI) and the Ministry of Finance of Japan (JMOF) […]
Top five British banks are poised to sign Tech Nation’s ‘Fintech Pledge’ to accelerate growth of UK’s fintech sector by bridging the gap between the two parties. The Fintech Pledge is designed by the Fintech Delivery Panel with support from the UK government’s HM Treasury (HMT). The aim of the pledge is to boost UK’s […]
Banque Saudi Fransi and Mastercard have rolled out the world’s first Priceless Mastercard Credit Card for their ultra-high-net-worth (UHNW) customers. BSF launched the elite Priceless Card during a private customer event hosted at Al Ula UNESCO World Heritage Site earlier this year. It is part of Mastercard’s two-year old “Start Something Priceless” campaign, which encourages people to […]
Boeing will be eligible for a $ 500 million distribution by Treasury Minister.
Goldman Sachs Group Inc (GS.N) plans to raise $8 billion in only its second buyout fund since the 2008 financial crisis, bolstering its ability to secure deals worldwide, said two people with direct knowledge of the matter. Undeterred by a coronovirus epidemic in China that has cast a shadow over the global economy, the Wall […]
