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.
Among the discussions and agreements that arose during the G20 summit held at the beginning of July in Hamburg, Germany, the problem of steel-production overcapacity was one that will have to be settled once and for all.
Blockchain technology, initially used for the bitcoin-exchange market, is now spreading into many other industries. Blockchain is a transparent and secure information storage-and-transmission technology that operates without a central control body.
Central bankers from around the world, who met recently in Sweden to discuss the reform of solvency ratios, did not come to an agreement. Behind a highly technical debate is the opposition of two different approaches on risk management, hiding also an economic war between Europeans and Americans.
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.
Just weeks after the failed merger with Deutsche Börse, the London Stock Exchange (LSE) group is back on the offensive. The LSE will spend $685 million (£534 million) to strengthen itself in the index market.
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.
The US Federal Reserve recently issued its fourth quarter 2016 “Statistical Release” on the financial accounts of the United States. According to the latest figures, American household net worth, calculated as the difference between total assets and liabilities of the household