Banking Economy

Latest News for: Banking economy

First National Bank Ghana launches first-ever cash rewards for card swipes

Joy Online 18 Jun 2018

Head of Retail Banking at First National Bank Ghana, Hannah Annobil-Acquah, “We fully support government’s agenda to turn the Ghanaian economy into a cash-less economy where people transact easily with electronic cards.” ... Head, Marketing and Corporate Affairs at First National Bank Ghana, Delali Dzidzienyo, “We are of the ......

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The Central Banks’ Bank (BIS) Hates Bitcoin — Which is Reassuring

Bitcoinist 18 Jun 2018

Earlier this year, the same global bank stated that cryptocurrencies ... This view is not only shared among Bitcoin supporters but was also supported by The World Gold Council, which admitted that Bitcoin — often referred to as “digital gold” — could “undermine the tools used by the Fed and other central banks to influence the economy.”....

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Goldman sees slightly easier China monetary policy amid trade tiff with US

Moneycontrol 18 Jun 2018

The tariffs come at a time when China's economy is already showing signs of weakness ... Goldman Sachs said it expected China to adopt a slightly easier monetary stance in the face of tit-for-tat tariffs between Beijing and Washington that, while likely to have limited immediate impact on the economy, were at risk of escalating ... CYBG and Virgin Money agree $2.26 billion deal to create Britain's sixth biggest bank....

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Select few emerging Asian economies comfortable with Fed hikes

The Times of India 18 Jun 2018

Higher US rates are rattling many emerging markets in much the same way past tightening cycles did, but the Federal Reserve’s hawkishness could also bring cheer for a small group of Asian economies that wouldn’t mind seeing their currencies weaken ... The Indian rupee INR= is near record lows having lost a similar amount, while the Indonesian rupiah IDR= is down about 5 per cent after two rate hikes and heavy central bank buying....

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First National Bank Ghana Limited launched a cash rewards programme to recognise customers for everyday non-cash transactions.

Graphic 18 Jun 2018

“We fully support government’s agenda to turn the Ghanaian economy into a cashless economy where people transact easily with electronic cards,” Hannah Annobil-Acquah, the Head of Retail Banking at First National Bank Ghana, said in a ......

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3 Reasons To Buy The Best Bank In America

Seeking Alpha 18 Jun 2018

Now banking in emerging markets is more dangerous since those economies are more volatile, their currencies can fluctuate wildly, and capital markets are less developed (higher risk) ... Few global banks have proven they can maintain conservative underwriting standards as well as JPMorgan and I expect this to serve them well as they attempt to win market share in the most important economies of the the future....

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Hoard: Accessible and Affordable Crypto Banking for All

Bitcoinist 18 Jun 2018

With the emergence of Bitcoin and its underlying blockchain technology, the time is right — especially following the last decade’s banking crisis, which still has the global economy on a path to recovery ... From working with banks while embracing the shifts in the new economy to addressing the lack of design thinking and consumer-driven development, Hoard was born from the premise of wanting things faster, simpler, and more secure....

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COMMENT-The disruption in financial markets has already begun

Yahoo Daily News 18 Jun 2018

Thanks to inclusive banking, and a host of other measures like GST, the formalisation of the Indian economy is already underway.  The trend of deposits increasing at a rate of 11.7% CAGR is likely to continue ... banks and foreign NBFCs have begun seeking out relationships that would help them cater to the credit needs of the Indian economy....

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Next Bank governor should not come from overseas, warns former rate-setter

Belfast Telegraph 18 Jun 2018

Bank of England Governor Mark Carney has been savaged by a former interest rate-setter, who has accused the Canadian of “lacking confidence” and called for him to be replaced by a Brit ... In an explosive critique of Mr Carney’s reign, Mr Sentance said the Governor’s “lack of confidence with raising interest rates has been due to the fact he’s not familiar with the UK economy” ... Governor Mark Carney is set to leave the Bank next June (PA)....

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BPI embarks on long-term digitalization

Sun Star 18 Jun 2018

... (BSP’s) initiative to develop a National Retail Payment System (NRPS), which involves policies and standards for a “cash-lite” economy.<br><br>“It’s about shaping and creating a whole new experience for our customers through digitalization, offering them a better, safer, more convenient way to bank with us....

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Carney 'should be replaced by someone British': The Canadian doesn't understand UK's economy, says former Bank expert

This is Money 18 Jun 2018

Andrew Sentance, senior economic adviser at PricewaterhouseCoopers, who has served on the Bank's monetary policy committee, said Canadian Mr Carney's 'lack of confidence with raising interest rates has been due to the fact he's not familiar with the UK economy'....

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Great Things Come In Small Packages

This Day 18 Jun 2018

He took time to lecture us on our economy, telling us some home truths that we most probably had chosen to ignore. He expressed dissatisfaction with the way we had managed our economy, our health care delivery system and our educational system ... All over the world, it has been established that the engine of growth of the economy is never big business, but the small ones ... As the economy grows, poverty will be reduced....

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World Bank approves 50 mln USD for Kenya's small enterprises

Xinhua 18 Jun 2018

NAIROBI, June 18 (Xinhua) -- The World Bank said on Monday that it has approved 50 million U.S ... Diarietou Gaye, World Bank Country Director for Kenya, said the Kenya Industry and Entrepreneurship project (KIEP) is expected to benefit some 33,050 individuals and 2,393 firms ... The World Bank says Kenya lacks the adequate skills that can produce a solid pool of internationally competitive, technology enabled businesses....

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