financial institutions

This tag is associated with 4 posts

BRICS Bank To Start Lending In Local Currencies In Q1 2016, President Says

The $100 billion New Development Bank (NDB), also known as the BRICS bank, which comprises of the members of the BRICS grouping of emerging market nations — Brazil, Russia, India, China, and South Africa — will start lending in local currency by April 2016 and its member countries will be the primarily focus of the bank, K.V. Kamath, the President of … Continue reading

The 75 Trillion Dollar Shadow Banking System Is In Danger Of Collapsing

Keep an eye on the shadow banking system – it is about to be shaken to the core.  By Michael Snyder According to the Financial Stability Board, the size of the global shadow banking system has reached an astounding 75 trillion dollars.  It has approximately tripled in size since 2002.  In the U.S. alone, the … Continue reading

Fitch Downgrades 30 Major Russian Financial Institutions

By Sputnik Following its recent downgrade of the Russian sovereign rating,Fitch Ratings said Friday it had downgraded the key ratings of 30 Russian and Russian-owned financial institutions by one notch. MOSCOW/LONDON, January 16 (Sputnik) — Fitch Ratings said Friday it had downgraded the key ratings of 30 Russian and Russian-owned financial institutions by one notch, following its recent downgrade … Continue reading

11 Predictions Of Economic Disaster In 2015 From Top Experts All Over The Globe – OpEd

By Michael Snyder Will 2015 be a year of financial crashes, economic chaos and the start of the next great worldwide depression?  Over the past couple of years, we have all watched as global financial bubbles have gotten larger and larger.  Despite predictions that they could burst at any time, they have just continued to … Continue reading

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