Latest News for: Worlds biggest banks

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This IIM-A graduate does not a LinkedIn profile but his team brings in billions in global financing

Live Mint 22 Oct 2021
To find the biggest money maker at the rarely-money-making Deutsche Bank AG, you need to travel 6,370 miles from Frankfurt to the 18th floor of a glass office tower overlooking the green waters of Marina Bay in Singapore ... Under Shah’s leadership, Deutsche Bank has cemented its role as one of the world’s biggest credit traders.
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Top money maker at Deutsche Bank sits in Marina Bay office in Singapore

Straits Times 22 Oct 2021
SINGAPORE (BLOOMBERG) - To find the biggest moneymaker at the rarely moneymaking Deutsche Bank, you need to travel more than 10,200km from Frankfurt to the 18th floor of a ... Under Mr Shah's leadership, Deutsche Bank has cemented its role as one of the world's biggest credit traders.
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New benchmark rates to replace Swiss Libor, EONIA next year, EU says

Metro USA 22 Oct 2021
Regulators around the world are seeking to move to risk-free benchmark rates in the wake of attempted manipulation of Libor and other reference rates which have seen some of the world’s biggest banks fined billions of dollars in recent years.
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Remittances to HCMC in Jan-Sep rise 22% y-o-y

The Saigon Times 21 Oct 2021
Last year, Vietnamese living abroad sent home US$17.2 billion, a year-on-year increase of 3%, making Vietnam the world’s ninth biggest remittance beneficiary, according to a joint report of the World Bank and the Global Knowledge Partnership on Migration and Development.
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Gulf economies ‘to pick up speed next year’

Gulf Daily News 21 Oct 2021
It remains vital for GCC countries to diversify their economies, as oil revenues account for over 70pc of total government revenues in most of them, the World Bank said. The UAE, a global trade hub and the GCC’s second-biggest economy, was forecast to grow 4.6pc in 2022, a slight upgrade from the previous poll.
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Gulf economies to pick up speed next year: Economists

Gulf News 21 Oct 2021
It remains vital for GCC countries - Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates - to diversify their economies, as oil revenues account for over 70 per cent of total government revenues in most of them, the World Bank said ... When asked what the biggest ...
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Gulf economies to pick up speed next year, with fall in oil prices biggest risk: Reuters poll

Metro USA 21 Oct 2021
It remains vital for GCC countries – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates – to diversify their economies, as oil revenues account for over 70% of total government revenues in most of them, the World Bank said.
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Gulf economies to pick up speed next year, with fall in oil prices biggest risk

Egypt Independent 21 Oct 2021
It remains vital for GCC countries – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates – to diversify their economies, as oil revenues account for over 70 percent of total government revenues in most of them, the World Bank said.
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Analysis-China’s silence on yuan’s swift gains keeps markets buzzing

Metro USA 21 Oct 2021
Power shortages, a crackdown on the property sector and COVID-19 lockdowns caused a big deceleration in the world’s second-biggest economy in the third quarter, but the central bank has kept rates steady and a tight rein on cash supply.
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Analysis: China's silence on yuan's swift gains keeps markets buzzing

Reuters 21 Oct 2021
Power shortages, a crackdown on the property sector and COVID-19 lockdowns caused a big deceleration in the world's second-biggest economy in the third quarter, but the central bank has kept rates steady and a tight rein on cash supply ... "My feeling is that the central bank is now very confident and at ease.
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The goodness business: how woke capitalism turned virtue into profit

New Statesman 20 Oct 2021
... in May 2020, Dimon was among the first CEOs publicly to take the knee, while visiting a branch in New York) and described how the bank was “fully engaged in trying to solve some of the world’s biggest issues – climate change, poverty, economic development and racial inequality”.
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Demise of LIBOR creates uncertainty

Splash24/7 19 Oct 2021
I well recall how in 2003 the bank I was working for predicted the biggest shipping upswing ever, and so it proved with China changing the world ... Still, this is meant to be a finance-focused column, so let’s look at the banks. The banking sector has largely sorted itself finally ... Then for just about all other banks the figure is between 4% to 6.5%.
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Foreign investment deals to create 30,000 UK jobs, says government

BBC News 19 Oct 2021
The bosses of the world's biggest investment firm, Blackrock, the biggest bank in the US, JP Morgan, as well as the top brass from energy giants such as EDF will gather at the Science Museum in London ... By far the biggest single investment is from Spanish firm Iberdrola, which owns Scottish Power.
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Marketmind: What could possibly go wrong?

Reuters 18 Oct 2021
World stocks have just enjoyed their biggest one-week rally since June with Wall Street's favourite gauge of volatility, the VIX index, tumbling ... consumer banks also shone ... Investors are speculating that the BoE might become the first of the world's biggest central banks to raise rates, later this year or early in 2022.
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Bank of England will have to act to curb inflation, says Bailey

The Observer 18 Oct 2021
The Bank has forecast that the UK’s inflation rate will rise above 4% by the end of the year, more than double its target, as the world economy ... Investors are speculating that it might become the first of the world’s biggest central banks to raise rates, this year or early in 2022.
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