Fintech start-ups have fallen short of their ambitions to upend the competitive landscape in finance, driving innovation but failing to capture large market share, a new World Economic Forum report finds The competitive landscape in banking and insurance is being … Read the full press release
Posted in Financial, Small Business, Technology
Tagged Fintech startups, Jesse McWaters, Rob Galaski, WEF, WEF report
EDINBURGH, 22-Aug-2017 — /EuropaWire/ — Childcare provided for free by relatives is giving an approximate £2832* annual boost to Scottish families, according to the latest ‘How Scotland Lives’ research from Bank of Scotland. The Bank of Scotland research polled more … Read the full press release
Posted in Banks, Financial, Society, United Kingdom
Tagged Bank of Scotland, Childcare, Mike Moran
There were 171,300 homemovers in the first six months of 2017 – 3,175 (2%) down from the first half of 2016. Homemovers account for around half (51%) of the housing market compared to 64% a decade ago. Over the past … Read the full press release
Posted in Banks, Financial, Real Estate, United Kingdom
Tagged Andrew Mason, Flat homemovers, homemovers, Lloyds Bank, Lloyds Bank Homemover Review
Berezniki, Russia, 21-Aug-2017 — /EuropaWire/ — Uralkali (the Company; MICEX: URKA), one of the world’s largest potash producers, has signed a loan agreement in the amount of US$850 million with 11 international banks. Coordinating Mandated Lead Arrangers and Bookrunners of the pre-export finance facility were Commerzbank … Read the full press release
Posted in Financial, Investment, Metals and Minerals, Russia
Tagged Anton Vishanenko, potash producer, Uralkali
Houston and New York, USA, 17-Aug-2017 — /EuropaWire/ — ENGIE North America Inc. and Axium Infrastructure US are pleased to announce the financial close of a transaction to operate and maintain The Ohio State University’s utility system at the 485-building campus in … Read the full press release
Headline PMI rises to 53.8, the highest since October 2014 Solid expansions in new business and employment Trend of expansion in combined manufacturing and services output extends to its longest sequence since 2014 EDINBURGH, 15-Aug-2017 — /EuropaWire/ — July’s PMI® survey data … Read the full press release
Posted in Banks, Business, Economy, Financial, United Kingdom
Tagged Bank of Scotland, Fraser Sime
England sees sustained moderate growth in business activity at start of third quarter Wales maintains its recent strong performance thanks to pipeline of new orders Yorkshire & Humber and West Midlands remain top-performing regions overall while the North East sees … Read the full press release
Posted in Banks, Business, Economy, Financial, United Kingdom
Tagged Business activity increased across England and Wales, Lloyds, Tim Hinton
The new Garant Anleihe combines shares, bonds, the commodity gold and a cash component, and is linked to an innovative guarantee system Capital security due to repayment of at least 100 percent of the nominal value at the end of … Read the full press release
Posted in Austria, Banks, Financial, Investment
RIGA, 11-Aug-2017 — /EuropaWire/ — In July, global bond market was demonstrating multidirectional movements. One of the key topics determining performance of any market was the forgotten issue of exchange rates. ECB Head Mario Draghi’s announcement at the end of … Read the full press release
Posted in Banks, Financial, Latvia
Tagged ABLV, mutual funds
PARIS, 08-Aug-2017 — /EuropaWire/ — Denmark has the foundations for a sound regime to tackle money laundering and terrorist financing, but needs to improve the implementation of measures to mitigate the risks, including through better assessing those risks and enhancing national … Read the full press release
Posted in Business, Denmark, Financial, France, Government
Tagged counter-terrorist financing system, Denmark’s anti-money laundering, FATF
LONDON, 07-Aug-2017 — /EuropaWire/ — EY announces the creation of Tax Technology and Transformation, a dedicated group of more than 1,000 tax technology and performance improvement professionals in member firms across the globe that help organizations to redefine their tax functions … Read the full press release
Posted in Business, Financial, Management, Technology, United Kingdom
Tagged EY, Jay Nibbe, tax technology, Tax Technology and Transformation
1.5 MW plant in Nisou, unveiled today, is one of five plants which will add 12 per cent to country’s solar capacity LONDON, 03-Aug-2017 — /EuropaWire/ — One of a cluster of five brand new solar plants, financed by the EBRD, … Read the full press release
Supporting the development of women’s entrepreneurship and of agribusiness LONDON, 03-Aug-2017 — /EuropaWire/ — The EBRD is supporting the development of women’s entrepreneurship and of agribusiness in Tajikistan with a senior loan in local currency, equivalent to US$ 2 million, to IMON INTERNATIONAL, … Read the full press release
Posted in Banks, Financial, United Kingdom
Tagged EBRD, IMON INTERNATIONAL, microfinance institution in Tajikistan
THE HAGUE, 03-Aug-2017 — /EuropaWire/ — FMO, the Dutch development bank, extended its partnership with The First MicroFinance Bank, Afghanistan (FMFB-A) through a local currency loan of USD 5 million in Afghan Afghanis from MASSIF, the fund that FMO manages on … Read the full press release
Posted in Banks, Financial, Netherlands
Tagged Dutch development bank, FMO, largest microfinance institution in Afghanistan
EUR 200 million global loan agreement signed The “Innovation Finance 4.0” promotional programme offers low-interest loans Exemplary pooling of Federal Government and state development funds Frankfurt am Main, 02-Aug-2017 — /EuropaWire/ — On 1 August 2017, KfW Group and L-Bank, the … Read the full press release
Posted in Banks, Financial, Germany, Technology
Tagged innovation loan, KfW Group, KfW's ERP digitalisation, L-Bank
European initiative: EU, KfW and French development bank AFD launch project against water shortage in Jordan EUR 152 million to improve drinking water supply and waste water disposal Financing provided by Germany: EUR 80 million Improvement of water supply for … Read the full press release
Posted in Banks, European Union, Financial, France, Germany
Tagged AFD, EU, KfW, water shortage
TURIN, 01-Sep-2017 — /EuropaWire/ — Intesa Sanpaolo will launch a subordinated Tier 2 bond issue for a maximum nominal amount of €750 million targeted at qualified investors and high-net-worth individuals on the domestic market. It is a 7-year, floating rate bond … Read the full press release
LONDON, 31-Jul-2017 — /EuropaWire/ — Lloyds Banking Group has announced it will carry out a customer contact and remediation programme in relation to mortgage arrears fees. The Group initiated a review in agreement with the FCA in relation to how … Read the full press release
Posted in Banks, Financial, Real Estate, United Kingdom
Tagged Lloyds Banking Group, mortgage arrears fees, Stephen Noakes
Supervisory Board welcomes act of solidarity with the bank Frankfurt am Main, 28-Jul-2017 — /EuropaWire/ — Eleven members of the Management Board of Deutsche Bank AG (XETRA: DBKGn.DE/NYSE: DB) who served during financial crisis and thereafter have voluntarily waived a large … Read the full press release
Posted in Banks, Financial, Germany, Management
Tagged Deutsche Bank AG, unpaid remuneration
Frankfurt am Main, 28-Jul-2017 — /EuropaWire/ — The new generation of bankers has arrived and they could not have wished for a better way to begin their careers: over three days in London, around 650 graduates got to experience what awaits … Read the full press release
Posted in Banks, Financial, Germany, United Kingdom
Tagged Deutsche Bank, John Cryan, Karl von Rohr
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