To me, the very concept of being a Facebook fan of a bank is rather strange. Here and in Brazil too, they are seen as evil money making machines – so, how Itau achieved such a high number of fans? Their social media journey started around 5/6 years ago – and Itau seemed to have … Continue reading
At the end of 2014, the Bank for International Settlements (BIS) in Basel published the most recent data outlining the position of foreign banks in Russia and Russian banks abroad, and shedding light on the possible losses for the parties involved (the banking systems) should the banks be drawn further into the war. By Valentin … Continue reading
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
A due diligence process that takes into account the opinions and perspectives of dozens, if not hundreds, of sophisticated investors is a powerful tool to leverage. Crowdfinance holds several key advantages over traditional private equity. Watch the video to learn more: Courtesy of Emerging Frontiers This material is reproduced with the consent of Emerging Frontiers … Continue reading
By Kevin Virgil Mayhem! Carnage! катастрофа! These are the messages that blared forth from my TV screen and broker notes this morning. Yesterday – hereafter branded as “Red Monday” – was a day of reckoning for the Russian economy. The schadenfreude on display in Western media is nearly as relentless as the ruble’s selloff: “It … Continue reading
What are the prospects for a country with no stock market (ok there is one, but there are only two stocks and foreigners cannot buy them), that lacks a real banking system and is only just emerging from isolation for the first time in 50 years? Are companies unrealistic in thinking there can be … Continue reading
By International Business Times Wu Changjiang, the former CEO of NVC Lighting, and employees of four major Chinese banks are being investigated by police for their alleged involvement in a $100 million fraud. NVC Lighting, China’s biggest lighting company, said that Wu and the bankers are suspected of helping to illegally divert company funds. According … Continue reading
By BNE Russian banks are facing the most pressure out of the major emerging markets, as the end of US quantitative easing leaves financing in those countries facing a new reality, according to a new report by credit rating agency Standard & Poor’s. “We have a negative view on the banking industry in Russia,” the report says, noting that almost … Continue reading
China’s midsize banks are falling out of investors’ favor as they continue to lag behind the country’s top five lenders due to a very competitive environment determined by online financial companies and rising funding costs. Margins generated from lending have remained broadly stable at the larger banks. However, they have shrunk considerably for the smaller lenders like China … Continue reading