LexisNexis risk solutions study reveals sharp rise of financial crime compliance costs
Decision makers inside banks, investment firms, asset managers and insurance firms identify the drivers impacting financial crime compliance. LexisNexis® Risk Solutions revealed that the results of its annual True Cost of Financial Crime Compliance Study for the U.S. and Canada. The total projected cost of financial crime compliance for the region is approximately $49.9 billion. The survey […]
Euro zone ministers expect inflation to slow in 2022
The acceleration of euro zone inflation, driven energy prices, is mostly temporary. Then the price growth will slow down again. The euro zone finance ministers agreed that, that too the next year as forecasted by the European Central Bank and the European Commission. Paschal Donohoe, chaired the talks of the ministers in Luxembourg. In a news conference […]
Financial service providers falling short
PA Consulting (PA) has published new global research. That is revealing an overwhelming majority of people expect sustainable financial services to become the norm (93%). According to the research, consumers are currently facing a critical knowledge gap. This should serve as a wake-up call to financial services providers. PA surveyed 3,500 consumers globally. Also, consumers of […]
Under new rules, borrowing for investment sensible
British finance minister Rishi Sunak said that the government borrowing to fund investment was a sensible thing. This is to allow under new fiscal rules that he is likely to announce, unlike borrowing for day-to-day spending. He said that borrowing for capital investment that is going to drive up their growth is probably a sensible thing for […]
COP26 delegates agree on need to deliver on $100 BLN climate finance pledge
Delegates heading to the COP26 U.N. climate summit in Glasgow. These delegates agreed that they must deliver on the $100 billion per year pledge. COP26 president Alok Sharma said that, it is to help most vulnerable nations for tackling the climate change. After many days of meetings at the pre-COP26 climate event, which happened in […]
City’s exposure to Evergrande is very minimal-Hong Kong finance Chief
Hong Kong’s exposure to debt-laden developer China Evergrande Group is very minimal at 0.05%. This is of banking assets, South China Morning Post reported, citing the city’s finance minister. Financial Secretary Paul Chan told the newspaper that it is very minimal and won’t cause them any systemic risks. He added that he had arrived at […]
IMF board to interview Georgieva-sources
The International Monetary Fund’s executive board is going to interview Managing Director Kristalina Georgieva. This is regarding that; its reviews claims that she pressured World Bank staff to alter data to favor China in her previous role. Board members were initially expected to meet with Georgieva. But spent their time working on other regular business matters. The […]
Banks, energy shares lift FTSE 100
London’s FTSE 100 rallied from recent losses. This is as a sign of a recovery, saw investors piling into economically sensitive sectors, with energy stocks rising as oil prices hit three-year highs. The blue-chip FTSE 100 index gained 0.9%. This is after three straight sessions of losses. The benchmark UK 10-year bond yield touched a […]
Goldman banker hired by the Citi bank
Citigroup has hired Luisa Leyenaar-Huntingford from Goldman Sachs. This new hire is to co-head its global infrastructure franchise. Because, it seeks to win more business from cash-rich investment firms focusing on infrastructure deals. Leyenaar-Huntingford will be based in London. Responsibility will be shared with Todd Guenther in New York. The pair will work closely with […]
Eightcap Launches Impressive Award-Winning Crypto Derivatives Offering with Ultra-Low Spreads
Eightcap, a multi-award-winning CFD broker, has announced the launch of over 250 Cryptocurrency derivatives, allowing its clients to diversify their crypto portfolio via the MT4 and MT5 platforms. This new launch positions the broker as the new home of crypto derivatives. Not only has Eightcap’s latest crypto launch surpassed what other derivative providers are currently […]