Credit Suisse chief steps down over bank’s corporate espionage scandal
CREDIT Suisse CEO Tidjane Thiam has resigned after a boardroom battle over a corporate spying incident.
Shares in Credit Suisse dropped four percent at news...
Rogue trader’s abortive career ends with home detention order
A BRITISH stock market trader who caused a trillion-dollar crash on Wall Street in 2010 has been sentenced by an American court to a...
Tepid growth forecast in World Bank’s 2020 report
THE WORLD Bank forecasts a slight increase in global economic growth for 2020.
But the operative word is “slight”: the bank’s prediction is for expansion...
World Bank believes e-commerce brings tangible rewards in China
E-COMMERCE can flourish in developing countries and in rural areas to create employment opportunities, according to research released by the World Bank and the...
Energy exchange group acquires Nasdaq future and options business
ENERGY exchange EEX Group has announced an agreement with US-based Nasdaq Futures (NFX) to buy its futures and options exchange business.
The German-based European Energy...
Traders want fewer working hours at UK and European exchanges
By Hal Williams
EVERY computer programme, algorithm and robot introduced to the workplace theoretically enhances efficiency and cuts the workload — but the real cut...
IMF warns of debt ‘timebomb’ thanks to ‘cheap money’ borrowing policies
THE International Monetary Fund warns that low interest rates are encouraging companies to take on a level of debt that could become a “timebomb”.
The...
Faltering Libra project is losing more traction
FACEBOOK’S Libra currency project appears to be close to dead in the water, with five major payments providers pulling out.
The founding companies in the...
Barclays’ African odyssey over the years: always with people as primary...
IN 1950, the British bank Barclays (Dominion, Colonial and Overseas – DCO) was the dominant financial institution on the African continent.
Its presence was entrenched...
At the top of its game and on-target for future growth
VAKUFSKA Banka Sarajevo has been operating in the Bosnia-Herzegovina market for 26 years, and has gained an enviable reputation for professionalism.
The commercial bank has...
