Search Results for: Bank for International Settlements
Saxo Payments partners with Allied Wallet to drive plans for global expansion
June 23rd, 2015
Global transactions services provider, Saxo Payments, has partnered with Allied Wallet, an online payment processing and global merchant services solutions provider to support its plans for exponential market growth. Under the agreement, Allied Wallet has joined the Saxo Payments ...
Biggest MasterCard Issuers Scuttled Deal on Target Data Breach
June 3rd, 2015
Citigroup, Capital One and J.P. Morgan Chase vetoed MasterCard’s deal with Target over hacked credit-card data Citigroup Inc., Capital One Financial Corp. and J.P. Morgan Chase & Co. rejected a $19 million pact backed by MasterCard Inc. last month over the huge Target Corp. data breach, resulting in the settlement’s unexpected ...
Price Deflation, Asset Prices, and Threats to Growth
April 3rd, 2015
When I read media discussions about deflation,” three separate meanings are often used more-or-less interchangeably. One meaning is the way that economists use the term, in which “deflation” means “inflation happening at a negative rate.” Inflation means that the ...
Companies Dropping the Ball on Risk, Compliance
March 5th, 2015
Companies are woefully unprepared to deal with the increasingly challenging risk and compliance environment, and the blitz of devastating corporate blunders witnessed in 2014 will recur, and then some, this year, says Forrester Research in a scathing new report. ...
New Visa Europe Interchange Programme: Opportunity for Merchants and Acquirers
January 2nd, 2015
Early 2015, Visa Europe will introduce their so-called Cross Border Domestic Interchange Programme (CBDIP). This programme will cap interchange fees for domestic transactions processed by European cross-border acquirers. This seems to be excellent news for merchants as it could ...
Canada and China to Set Up Yuan Trading Hub in Canada
November 7th, 2014
Canadian Prime Minister Stephen Harper will announce the establishment of a trading hub for the Chinese currency in Canada during a state visit to Beijing starting today, according to a person familiar with the matter. The deal will allow firms to exchange Canadian ...
Research: Trends & Conclusions
July 23rd, 2014
The insolvency and restructuring business remains slow-moving thanks to the improving economy and low interest rates. Lawyers note increased competition and a fight for the limited work available. But this period may soon be at an end as the ...
JPMorgan Investors Show Support for Dimon in Cancer Fight
July 2nd, 2014
Jamie Dimon, whose eight years atop JPMorgan Chase & Co. (JPM) have made him one of Wall Street’s most powerful leaders, said he’ll start treatment for throat cancer, raising new questions about succession plans at the biggest U.S. bank. ...
BNP Keeps Investors Guessing About U.S. Sanctions Penalty
June 16th, 2014
BNP Paribas SA (BNP) has given investors scant information about how much it expects to pay to settle a criminal probe of U.S. sanctions violations. The bank told shareholders at an annual meeting on May 14 that the settlement ...
BNP Case Shows French Companies Learn U.S. Law Hard Way
May 22nd, 2014
Some French companies have been slow to learn that doing business in the U.S. means obeying its laws. U.S. authorities are seeking a record fine against BNP Paribas SA (BNP) that would make it the first French bank since ...
