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The Banks That Helped Danske Bank Estonia Launder Russian Money – Frances Coppola

Money laundering is a multi-bank phenomenon. Danske Bank Estonia has been revealed as the hub of a $234bn money laundering scheme involving Russian and Eastern European customers. But Danske Bank Estonia couldn’t do this by itself. Much of the money was paid in U.S. dollars, and for that, it needed help from other banks. Banks that … Continue reading The Banks That Helped Danske Bank Estonia Launder Russian Money – Frances Coppola

A Sad Story Of A Failed Russian Bank And Its Toxic Aftermath – Kenneth Rapoza

Promsvyazbank, better known as PSB, is the latest post-Soviet lender to get taken over by the Central Bank of Russia (CBR), and now faces shareholder suits in London and Moscow. PSB is one of the 10 largest banks in Russia, as they still describe themselves on their website. PSB was delisted from the Moscow Stock … Continue reading A Sad Story Of A Failed Russian Bank And Its Toxic Aftermath – Kenneth Rapoza

Is Artificial Intelligence Replacing Jobs In Banking – Vishal Marria

Over the past 12 months, the banking industry has become increasingly excited about AI. Virtually every leading consultancy has published research on the impact AI will have on the sector and investment continues to pour into developing innovative solutions. But, alongside all the buzz comes the inevitable concern that the implementation of this technology will … Continue reading Is Artificial Intelligence Replacing Jobs In Banking – Vishal Marria

The Future Of Banking: Fintech Or Techfin – Jim Marous

The banking industry is experiencing disruption at an increasing pace. Over the past few years, traditional financial institutions and non-traditional fintech firms have begun to understand that collaboration may be the best path to long-term growth. At the same time, big tech firms are offering financial services, creating techfin solutions. The rationale for collaboration is … Continue reading The Future Of Banking: Fintech Or Techfin – Jim Marous

What is in the Shadow Banking (derivative) marketplace? — Livinglies’s Weblog

  Whether the total “nominal” value is $600 Trillion as reported in the link below or $1 Quadrillion as reported elsewhere, we know only a few things and those things by themselves require intense scrutiny that the government doesn’t want to do. So the burden of the mortgage meltdown is put entirely on the backs … Continue reading What is in the Shadow Banking (derivative) marketplace? — Livinglies’s Weblog

CBN Orders Banks to Sell Forex to Travellers Over the Counter — AdeLove.com|Best Nigerian Blog

All intending travellers can now buy forex over the counter with the presentation of passports and air tickets, the Central Bank of Nigeria (CBN) announced on Saturday evening. The bank also ordered BDCs to access dollars every Monday, Wednesday and Friday henceforth in a statement issued by its acting director of corporate communications, Isaac Okorafor. […] … Continue reading CBN Orders Banks to Sell Forex to Travellers Over the Counter — AdeLove.com|Best Nigerian Blog

Avoid These 10 Public Service Loan Forgiveness Mistakes – Zack Friedman

It's no secret that student loan forgiveness is a hot topic. When it comes to Public Service Loan Forgiveness, in particular, the requirements can be tricky. That's why it's critical to ensure you know the details and are not headed down the wrong path. Here are the 10 most common public service loan forgiveness mistakes … Continue reading Avoid These 10 Public Service Loan Forgiveness Mistakes – Zack Friedman

Credit Suisse Appoints Ombudswoman to Tackle Sexual Harassment Claims

https://ift.tt/2J0xn03 July 6, 2018 ZURICH (Reuters) – Switzerland’s second-biggest bank Credit Suisse has carved out a new role to lead its handling of sexual harassment claims and examine group-wide policies, its CEO told employees on Friday. The appointment of Antoinette Poschung to the new role of Conduct and Ethics Ombudswoman comes after Chief Executive […] via … Continue reading Credit Suisse Appoints Ombudswoman to Tackle Sexual Harassment Claims

Bank Stocks Boost European Shares As M&A News Dominates — Peoples Trust Toronto

https://ift.tt/2xLzu7w June 4, 2018 LONDON (Reuters) – European shares extended their recovery rally on Monday thanks to bank stocks as dealmaking took centre stage again after a week of political tension in Italy and Spain. Investors’ concerns over rising trade frictions were trumped by very strong U.S. jobs data on Friday. Europe’s STOXX 600 […] via … Continue reading Bank Stocks Boost European Shares As M&A News Dominates — Peoples Trust Toronto

Barclays’ Smoke & Mergers Will Not Deflect Tough Questions – Nils Pratley

Chairmen, especially those embarrassed by the share price on their watch, feel obliged to examine any old merger or acquisition idea. But there are limits to what counts as credible and Barclays’ John McFarlane was seriously off-piste if he thought shareholders would be remotely interested in a corporate combination with Standard Chartered. The idea provoked … Continue reading Barclays’ Smoke & Mergers Will Not Deflect Tough Questions – Nils Pratley

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