Britain’s House of Commons has given final approval to a bill authorizing the government to start exit talks with the EU, without attaching extra conditions, such as protecting EU citizens in the U.K. The bill […]
Citigroup is teaming up with software firms, including Facebook and Microsoft, to launch Citi Tech For Integrity Challenge. The initiative will use financial technologies to help governments detect fraud and bribery. Source: WSJ (7 Feb […]
BNP Paribas, the largest listed bank by assets in France, reported €1.44 billion in fourth-quarter net profit, up from €665 million the same period the previous year. The bank’s Q4 revenue was €10.66 billion, a […]
Bank for International Settlements General Manager Jaime Caruana expects the Trump administration’s approach to affect coordination of Basel IV capital rules for banks. “This will probably take some time, but we need to wait for […]
A summary of the latest meeting of the Bank of Japan shows board members are having difficulty managing the yield curve for government bonds because of global economic uncertainty. The bank’s Market Operations Desk needs […]
For the first time in several years, China’s foreign exchange reserves have dropped below $3 trillion, an event that some economist see as worrying. Much of the decline was caused by China’s efforts to defend […]
With a July deadline for Greece to make an €8 billion payment on its bonds, the market price of the country’s debt is falling. Investors are growing worried that the EU, the International Monetary Fund […]
Kuaishou, a hot photo-sharing application in China, is planning to go public in the U.S. later this year. The app has more than 40 million daily active users against 100 million monthly active users. It was […]
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