Tag Archives: Finance

10Apr/17

Bank of England says won’t publish Libor details until fraud probe over

The BBC releases a recording of an October 2008 phone call between two bankers at Barclays in which one said he was under “serious pressure” from the Bank of England to set an artificially low rate for Libor, an inter-bank borrowing rate.

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03Apr/17

Credit Suisse takes out newspaper ads after raids

Credit Suisse has taken out adverts in British Sunday newspapers stressing a zero-tolerance policy on tax evasion, as the Swiss bank tries to limit any damage to its reputation from raids on three of its offices. Ciara Lee reports. Continue reading

20Mar/17

Billionaire banker David Rockefeller dies at 101

Billionaire philanthropist David Rockefeller, former head of Chase Manhattan Corp and patriarch of one of the most famous and influential American families, dies at 101.

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21Nov/16
Stanley Fischer, vice chairman of the U.S. Federal Reserve

Washington can now help relieve ‘only game in town’ Fed – Fischer

The Federal Reserve’s second-in-command, vice chairman Stanley Fischer, warns against “inviting further trouble” by eliminating some of the so-called Dodd-Frank financial regulations. Jeanne Yurman reports. Continue reading

15Nov/16

Businessman reveals to French news website that he transferred Libya cash for Sarkozy election bid

A Franco-Lebanese businessman tells a French news website he handed over three suitcases filled with cash from late Libyan leader Muammar Gaddafi to Nicolas Sarkozy and a senior aide to help finance his successful 2007 presidential campaign.

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08Nov/16

Banks gird for tumult after election

Global banks expect trading volumes and volatility to spike after the U.S. presidential election, so they’re boosting staff and taking precaution. Fred Katayama reports. Continue reading

23Sep/16

ProBASE Limited nominated for the African FinTech Awards 2016

PRESS RELEASE, (ProBASE) – ProBASE has been nominated for the 2016 Africa Fintech Awards. The winner of the award will be announced at the Finance Indaba to be held at the Sandton Convention Centre on October 13 in South Africa.
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17Sep/16

Millennials say ‘no’ to debt

Millennials shun any kind of debt, especially credit cards, and their reluctance to pull out the plastic could have lasting repercussions for the financial system and the economy, according to an expert.

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