The French lender plans to create an all-new “Company Engagement” department that will be overlooked by Nathalie Hartmann. 4 Jul 2017 – The Financial She will replace Eric Martin who is retiring after 42 years with the Group. Nathalie Hartmann joined the Group in 1985 and has held various positions in Human Resources, the French […]

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A significant number of British banks have ceased offering Qatari currency due to the Saudi-boycott of the country. 30 Jun 2017 – CNN Money Lloyds Banking Group (LYG) and Royal Bank of Scotland (RBS) said they have stopped buying and selling riyals because a third-party supplier was no longer providing the currency. Barclays (BCS) said […]

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After an absence of almost ten years and $200bn fines later the big banks return to the scene. 29 Jun 2017 – New York Times The Federal Reserve’s passing grade for all 34 of the institutions it checks annually for financial soundness — the first all-clear since the Fed tests began in 2011 — is […]

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RBS plans to slash more than 400 positions in Britain to establish a new small-loan team in India. 25 Jun 2017 – The Guardian The taxpayer-controlled bank said that the roles would transfer to Mumbai, to be included in the group’s growing team there, as part of a restructuring designed to cut costs, first reported […]

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Investors from Oppenheimer Funds Inc. and Aberdeen Asset Management are tuning in after the Russian National bank kept their rates unchanged. 18 Sep 2016 – Bloomberg Ruble debt dropped the most in two months after Governor Elvira Nabiullina followed up a widely expected half-point cut to 10 percent with the surprise warning that rates won’t […]

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The Reserve Bank of Australia could be constrained to lower the cut rate to 1% in the next year. 9 Aug 2016 – The Guardian Despite already cutting the rate twice in 2016 to unprecedented levels, the central bank faces a scenario where a deteriorating economic outlook brings at least two more reductions. After that […]

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China’s debt climbed to 237% from its GDP, setting a new record that pushes the country in dangerous waters. 23 Apr 2016 – Financial Times Beijing has turned to massive lending to boost economic growth, bringing total net debt to Rmb163tn ($25tn) at the end of March, including both domestic and foreign borrowing, according to […]

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Although there was a possibility of an economic contraction the U.S, there is still a 25% chance they fall into recession. 9 Feb 2016 – Market Watch “Our quantitative analysis suggests recession risk is rising, but contained,” Martin Mauro, a fixed income strategist at Bank of America Merrill Lynch, said in a report. “Late-cycle excesses […]

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