Bank of Tokyo-Mitsubishi (BTMU) made their fundamental forecasts for EURUSD based on some fundamental factors: "The euro weakened in July with the focus in the foreign exchange market shifting away from the uncertainty related to ‘Grexit’ and back to the monetary policy divergence between the eur...
In a bid to boost the security of credit and debit cards, a French tech company has come up with a way of dynamically generating CVV codes that change every 40-60 minutes...
The average interest rate charged on credit cards has soared - reaching record heights, and has brought the future of customer reward schemes into question, as the EU rules to place a cap on interchange fees...
Consumers in the UK are spending more of their cards than ever before, with over 1 billion transactions in February, according to figures released by the UK Cards Association. A total of £49...
The UK is one of three EU member states that have opted out of signing up to new guidelines from the European Banking Authority (EBA) on standards for payment service providers...
Banks in several countries have come under fire from a new type of financial cyberattack, in which a virus is placed on bank computer systems, allowing cash withdrawals from ATM machines to users without an account, according to officials for Interpol...
Sean Callow, analyst at Westpac Banking Corporation explained that the Asian calendar is empty. The market will focus on Chinese equities, it opened at 9:30 am local time and record important events thereafter. Important excerpts: "UK second-quarter GDP expected 0.7% quarterly and 2.6% yearly...
EUR: This is the third week Citi is celebrating the EUR has been sold aggressively by Citi’s client base: "Overall, this highlights that the Greek risk is not a predominant driver of positioning, but that rates and policy expectations are...
What’s Good For the Commonwealth Bank… Why Australia’s economy is so structurally unsound Where will the next crisis be? Bribes and payoffs By Greg Canavan in Albert Park...
Ken Moore, head of Citi Innovation: the bank has been looking at distributed ledger technology for “the last few years”...
July 6, 2015 Bangkok, Thailand While all eyes were on Greece this weekend, one of the largest banks in Lithuania quietly posted an awkward announcement to its customers. Interest rates are now negative. So negative, in fact, that the bank actually has to pay interest to some of its borrowers...
"The upcoming referendum is in fact a referendum on the Greek membership in the Eurozone. Indeed, if the people of Greece turn down the reform proposal, the country will end up with no creditor funding (and no ECB support for its banks...
Australia has become another U.S. ally to become a founding member of a China-led infrastructure bank, contributing 930m Australian dollars ($718.5m) over five years...
Ant Financial Services Group, micro financial services company under Alibaba Group's Alipay, will officially launch their online banking platform MYbank on June 25, 2015...
Central Bank of Russia to meet financial market leaders to discuss bitcoin regulation and guidelines
Though Bitcoin has been facing a lot of trouble in the country, the meeting may set new regulations and guidelines for cryptocurrency...
June 11, 2015 Oxford, England OK this is really getting ridiculous. Despite being the sacred keepers of the Catholic faith and trustees of the meek, the Holy See has just inked a deal with the US government putting the Pope in bed with the Internal Revenue Service...
Germany will buy a stake in the China-led Asian Infrastructure Investment Bank that will make it the fourth largest shareholder, the German cabinet has confirmed. The country's capital investment will likely amount to some $900 million, according to a draft proposal...
The (RBI) governor Raghuram Rajan broadly disappointed markets and analysts by cutting repo rate by just 25 basis points to 7.25%. Most analysts termed the rate cut a non-event, with the broader consensus being that 50 basis points cut were warranted...
Bank of England officials are secretly researching the financial shocks that could hit Britain if there is a vote to leave the European Union in the forthcoming referendum...
In an interview with the Wall Street Journal, Europe’s top banking supervisor said Greek banks have never been better equipped to face the country’s financial crisis...
