Valdis Dombrovskis, a European Commission vice president, in Brussels on Thursday. “In the context of Brexit, we see that the situation is changing,” he said. CreditEric Vidal/Reuters European Union officials fired an opening salvo on Thursday in a “Brexit”-related dispute that could threaten London’s status as the undisputed financial capital of Europe and affect hundreds of trillions of dollars’ worth ... Read More »
Bengaluru-based Janalakshmi Financial Services Ltd., (JFS) has received the final licence from Reserve Bank to set up Small Finance Bank. It will commence operations in the second quarter of the current financial year, said, V.S. Radhakrishnan, managing director and chief executive officer, Janalakshmi Financial Services. JFS plans to set up 300 bank branches during the year covering the major locations ... Read More »
Mayoral candidate David Saucedo has filed a corrected campaign finance report after his opponent’s treasurer filed an ethics complaint against him. Saucedo, 32, resubmitted his campaign finance report to the City Clerk’s Office on Monday evening without the “designation of final report” page. “The only change is the last page on said report has been removed as it was submitted ... Read More »
It’s tough to keep up with technology. And India’s finance sector knows it too well. Blockchain technology, based on concepts that underpin cryptocurrencies like bitcoin, is fast gaining pace in Asia’s third-largest economy but business executives still aren’t sure if they understand it. In 2016, some 32 blockchain firms were founded in India, according to audit and consultancy firm PwC. ... Read More »
Fancy a new kitchen? Ikea is offering interest-free credit. Picture: Ikea IKEA is offering interest-free credit on kitchens. Get 12 months’ zero-per-cent finance when you spend £600 or more, 24 months’ when you spend £1,200 or more, or 36 months’ when you spend £1,800 or more. This offer applies to all cabinets, fronts, appliances, tops, taps, sinks, integrated lighting, and ... Read More »
Ashwani Gujral of ashwanigujral.com told CNBC-TV18, “We often forget to mention that NASDAQ is at new highs and our tech stocks are at 52-week lows. So, that tells you the kind of gap that is there between how the US tech market is moving and how our stocks are moving.” “Can Fin Homes, Repco Home Finance all of these stocks are ... Read More »
Linklaters is set to see a number of partner exits from its finance practice, amid a profitability drive at the firm. One ex-partner said that a process to reduce the amount of equity in the finance group began before Christmas, and is expected to lead to exits by the end of the current financial year. It is understood that, following ... Read More »
Paragon Car Finance’s latest biannual Headlight Report has revealed strong growth in the vehicle finance market during the second half of 2016 for the UK’s top 30 automotive brokers. Reflecting recent SMMT data which reported 175,000 new car registrations in January, 46% of brokers surveyed by Paragon saw an increase in new car finance applications in the six months to ... Read More »
The Irish Financial Services centre in Dublin, one of four main alternative locations for financial firms alongside Frankfurt, Paris and Luxembourg. Photograph: Niall Carson/PA Ireland has complained to the European commission that it is being undercut by rival centres competing to host financial firms looking for a base in the European Union outside London after Brexit. Last week, the US ... Read More »
As the World Bank and other official lenders promote financial inclusion in development programmes, specific payment and borrowing needs around refugee communities, particularly in the Middle East and Africa, have started to come into focus. The newly formed Tent Partnership for Refugees, hosted by yoghurt maker Chobani as the successor to President Barack Obama’s private sector call to action last ... Read More »
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