Hints and tips:
...“I worry that the investor update will not address the dominance of the investment bank,” says Bank of America analyst Alastair Ryan....
...With help from the Central American Bank for Economic Integration (CABEI) and the Development Bank of Latin America (CAF), El Salvador repaid in full an $800mn bond which was set to mature a week later....
...Clocking in at close to an hour, it can at times sound like a laundry list of wonky policies, such as the governor’s opposition to the idea of a central bank digital currency, or his enthusiasm for little-known...
...From this centre of trade in Ottoman times, they financed camel caravans and exchanged currencies, expanding to Constantinople and Alexandria....
...Mexico’s peso is the top-performing major currency this year, benefiting from relatively high interest rates, tight fiscal policy and investment opportunities from its proximity to the US....
...Yes, both JPMorgan Chase and Bank of America are very well run and successful banks that incorporate both retail and capital markets operations....
...By maintaining undervalued currencies for much of the past 30 years or so to support export-led growth, Beijing and other Asian capitals racked up large current account surpluses and created an astonishing...
...In Nigeria, the central bank banned commercial banks from dealing with companies involved in cryptocurrency transactions — which quickly found a workaround using third-party accounts....
...Just over half of respondents to the survey said they were considering investing in new asset classes, while 44 per cent said they might add new currencies to their holdings....
...He was previously deputy chief counsel at the US Office of the Comptroller of the Currency....
...Offering no option to pay with coins and notes is seen as discriminating against Americans without a bank account....
...Analysts said it could diminish the bank’s role in investing the nation’s hard currency surpluses in favour of the sovereign wealth fund chaired by Crown Prince Mohammed bin Salman....
...A former BoE official, he chaired the Bank of London and South America, a subsidiary of Lloyds Bank whose late 19th-century heyday had long gone....
...A decrease of just one percentage point on the $44 billion debt owed to the IMF would mean an average monthly saving of about $250m over a period of ten years....
...Richard Waters 82....
...There is a direct correlation between the number of “pain points” experienced by customers and their desire to open an account with a virtual bank, the report added....
...“Our outlook on Mexico remains cautious,” the bank said in a note to clients. “Exports account for 38% of its GDP. The US is Mexico’s largest trading partner....
...investment from Royal Bank of Scotland....
...Other elements of the plan include a pullback from regions including China, India and Latin America, with the US, Europe and Japan the new focus....
...Based on the IMF’s method of using regression analysis of the co-movements of currencies to determine reserve currency blocs, the US bank found the renminbi-bloc now accounts for 28 per cent of global gross...
...Negative rates are not going to happen in America in GREED & fear’s view....
...The Elementis alert’s unlikely to be the last from the European chemicals stocks, according to Bank of America....
...Nearly four years after Mauricio Macri took power, Argentina is repeating a pattern that has dogged Latin America’s third-biggest economy for over 70 years — it is running out of hard currency while grappling...
...It coincided with political issues and currency problems and there is now a lack of interest in the country.”...
...The bank — Spain’s second-largest after Santander — has 26m digital customers and digital transactions account for 40 per cent of its sales, compared to 15.3 per cent two years ago....
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