The British CCP Research Foundation published on August 11 its latest report “Conduct Costs Project Report 2017”, which estimates the total amounts paid or provisioned by banks because of misconduct or breach of any code of conduct or any central-bank regulation.
American Apollo Global Management LLC, the world’s second-largest fund manager, broke the record for the largest fund in the history of private equity in July: it raised the largest ever private equity fund since 2007’s financial crisis, with $24.6 billion. Apollo plans to invest in North America and Western Europe.
Recently, the euro’s increase in value even accelerated after breaking the psychological bar of US$1.15. It reached $1.1665 on July 21, the highest level since January 14, 2015. Since the beginning of the year, it has gained 10.4 percent. The range between $1.5 and $1.20 per euro seems to be the currency’s new comfort zone.
Banco Santander of Spain is looking for a partner to handle a major cleaning. This is to get rid of the toxic assets, nonperforming buildings and credits that it inherited from Spanish Banco Popular, acquired last June for 1 euro symbolically when the latter was on the brink of bankruptcy.
Swiss banks have had to totally change their approaches for wealthy clients, because of fiscal-transparency obligations. After the Crédit Suisse and UBS scandals, the Swiss banking sector had to clean up their image regarding tax evasion
The Payment Services Directive 2 (PSD2) creates a new vital context for commercial banks. It is requiring banks to open access to their systems and clients’ accounts.
Peer-to-peer (P2P) lending is a fast-developing market. Its growth during the period 2016-20 is estimated in a report from Research and Markets titled “Global Peer-to-peer Lending Market 2016-2020″to be an annual rate of 53.06 percent.
In India, strong economic growth should continue at 7.3 percent in 2017 and 7.7 percent in 2018, helped by the implementation of key structural reforms and strong public-sector wage growth.
According to the recently published report from the Organisation for Economic Co-operation and Development (OECD) titled “OECD Business and Finance Outlook 2017”, equity initial public offerings (IPOs) have fallen off since the financial crisis as fees taken from the companies by investment banks have increased.
The payments market is transforming itself at a high rate of speed. The digital revolution has entered this market in such a way that the European Central Bank (ECB) itself is worried about adapting the European payments infrastructure and wants to help banks.