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King of Jordan Reaffirms Commitment to Reform at Opening of World Economic Forum on the Middle East and North Africa

22nd May 2015
H.M. King Abdullah II Ibn Al Hussein of the Hashemite Kingdom of Jordan opened the World Economic Forum on the Middle East and North Africa, reaffirming his commitment to reform and investment to achieve regional prosperity and peace. “It is time for a new push, engaging all sectors, to create inclusive growth,” he said. “Our […]
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Small Challenger banks secure stellar returns says KPMG

22nd May 2015
The UK challenger banking sector is outperforming the ‘Big Five’ UK high street banks, however, the Large Challenger banks need to accelerate how they stand out in the market, according to a new KPMG report. The new annual report, The Game Changers, analyses the full-year results of some of the largest UK challenger banks, grouped […]
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UK investor sentiment falls

18th May 2015
May has seen the largest fall in sentiment towards UK asset classes since November 2014, according to the monthly Lloyds Bank Private Banking Investor Sentiment Index. With eight out of ten asset classes recording a drop in investor sentiment, UK shares saw the biggest decline, falling 11 percentage points (-11pp) from April to 26%. UK […]
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Drop in buyout holding periods in 2015

15th May 2015
The average holding period for private equity-backed buyout deals hit a record high in 2014, but has seen a notable drop for companies exited so far in 2015, according to the latest data from Preqin. The average time that private equity firms have been holding buyout investments in their portfolio has been rising year-on-year since […]
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Denmark proposes scrapping cash obligation for retailers

14th May 2015
Denmark has moved one step closer to becoming the world's first cashless society, as the government proposes scrapping the obligation for retailers to accept cash as payment. How quickly will other countries such as the UK begin to follow suit? Data from Worldpay, the UK’s leading payments processor, reflects a significant shift in the way […]
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Schroders: investment confidence up

14th May 2015
Over half (54%) of retail investors globally feel more confident about investment opportunities in the next 12 months than they did a year ago, according to the Schroders Global Investment Trends Survey 2015, released yesterday. Nine-in-ten (91%) investors across the globe expect to see their investments grow over the next 12 months. Globally, retail investors […]
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700 million leave ranks of the ‘unbanked’

13th May 2015
New mobile payment platforms have contributed to a surge in bank account holders in the developing world with more than 700 million people leaving the ranks of the “unbanked” in the past three years, according to a World Bank survey. Anne MacRae, Head of Financial Services, Fujitsu, emphasised the importance of the progress that is […]
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Credit Suisse income increase

13th May 2015
Credit Suisse delivered a strong and consistent performance in the first quarter, despite adapting to market changes as a result of the Swiss National Bank’s decision in January to discontinue the minimum exchange rate of the Swiss franc against the euro and introduce negative short-term interest rates. The bank reported net income of CHF 1.1 […]
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Corporate Mobile Banking and Bank’s Omnichannel Strategy

12th May 2015
A user-centric approach which allows executives to choose their own device is fundamental to a bank’s success in mobile corporate banking services and should be a key component in every bank’s omni-channel strategy. This is the view expressed in the latest white paper published in April by Mobey Forum, the global industry association empowering banks […]
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Greece repays €750 million loan instalment

12th May 2015
After intense speculation over the possible consequences if Greece defaulted on its loan payments, the country has successfully made a €750 million ($834 million) payment to the International Monetary Fund one day before its first deadline. Worries were rife within the international community, extending to speculation that the country would have to leave the eurozone. It […]
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Promon reaches 11 million customers with self-defending app

12th May 2015
Norwegian security specialist Promon has announced that its customer base has now surpassed 11 million customers worldwide. The security specialists, who have set about delivering true app security and mitigating against increased risk in mobile banking apps, has built up the large customer base over six years, since its launch in 2009. The firm launched […]
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Confidence returns to US market

11th May 2015
US businesses have reported growing optimism about the economy and easing concerns about credit and regulation, according to the 2015 Chase Business Leaders Outlook, published in April. "We're seeing a positive combination of business leaders feeling better about their companies and effectively managing regulatory challenges, such as healthcare and taxes," said John Simmons, Head of […]
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