Search Results : World Bank


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Sex, Lebanon, and the Mossad: The mystery behind the HSBC scandal

Revelations that HSBC, one of the world’s largest banks, helped some of its wealthy clients evade hundreds of millions of dollars worth of tax have made headlines across the world, but who is the man who lifted the lid on the scandal? Depending on who you believe, Herve Falciani is either a courageous whistleblower responsible […]

Too big to jail? HSBC bank helped wealthy clients conceal billions — and the US knew in 2010

3 weeks agoNews : The Raw Story

A leading member of the Senate banking committee is calling on the US government to explain what action it took after receiving a massive cache of leaked data that revealed how the Swiss banking arm of HSBC , the world’s second-largest bank, helped wealthy customers conceal billions of dollars of...

Global Central Banks Calendar for Week of Feb. 9 – 13, 2015

A calendar of events, speeches and policy statements from central banks around the world this week.

Is the IFC Finally Moving Solar Investment Beyond the Grid?

Last fall, the Sierra Club and Oil Change International published a scorecard evaluating major multilateral development banks on their energy access spending. The World Bank Group, of which the International Finance Corporation (IFC) is part, received a failing score. read more

We're in the midst of currency wars

As our viewers know, we have been sounding the alarm about the deflationary process that is playing out in the world’s equity, bond and currency markets for quite some time. Because of the activity by central banks in major and moreShow More Summary

Fidelity Move Creates $100 Billion Gap for Banks

Fidelity Investments said last week that its Fidelity Cash Reserves Fund, the largest of its kind in the world, will stop buying short-term debt issued by companies in response to a regulation restricting it to U.S. government securities. Show More Summary

Is the IFC Finally Moving Solar Investment Beyond the Grid?

Photo courtesy of Mathieu Young Investment in beyond-the-grid clean energy has been growing steadily, albeit with the world's foremost development institution, the World Bank, missing in action. Last fall, the Sierra Club and Oil Change...Show More Summary

Is the IFC Finally Moving Solar Investment Beyond the Grid?

Photo courtesy of Mathieu Young Investment in beyond-the-grid clean energy has been growing steadily, albeit with the world's foremost development institution, the World Bank, missing in action. Last fall, the Sierra Club and Oil Change...Show More Summary

Asset Managers Or Asset Gatherers?

Submitted by Tim Price via The Cobden Centre blog, “The Bank of England paid nearly £3m of taxpayers’ money for a report on whether any of its staff knew about or were involved in illegal manipulation of one of the world’s biggest financial...Show More Summary

The Fed's Stunning Primer For Life In A Negative Interest Rate World

With the Danish central bank earlier today cutting the deposit rate further into unprecedented, negative territory, taking it lower for the 4th time in 3 weeks to a record low -0.75%, after both the European and Swiss Central banks did...Show More Summary

Have you received a letter from your foreign bank regarding FATCA?

Since January of 2014, those holding accounts in foreign banks throughout the world have received Foreign Account Tax Compliance Act (FATCA) letters from their financial institutions. These letters are sent to account holders whom the institution believes have a link to the United States that would give rise to tax reporting and payment obligations. Show More Summary

Devaluation by China is the next great risk for a deflationary world

China is trapped. The Communist authorities have discovered, like the Japanese in the early 1990s and the US in the inter-war years, that they cannot deflate a credit bubble safely.A year of tight money from the People's Bank and a $250bn...Show More Summary

What You Need To Know About China’s Growth Moves

China’s central bank on Wednesday broadly helped the ability of its banks to make loans. The move signals that Beijing is increasingly worried that the world’s No. 2 economy isn’t growing as fast as it should. Already some of the first economic indicators of this young year show growth is continuing to slow. Show More Summary

Paul Singer Warns "The Consequences Of Monetary Manipulation Are Unknowable"

Excerpted from Paul Singer's Elliott Management letter to investors, The world believes it is in a sweet spot. There is global consensus that central banks know what they are doing and are in control, and that if economies falter, aShow More Summary

To speed up economy, China’s central bank makes borrowing cheaper

China’s central bank cut reserve requirements on Tuesday for the first time in two years in an attempt to inject liquidity into the world’s second largest economy. Continue reading ? The post To speed up economy, China’s central bank makes borrowing cheaper appeared first on PBS NewsHour.

World Bank Probes $1 Billion China Loan

The World Bank has launched an investigation into whether its chief financial officer and other top brass mishandled a $1 billion Chinese loan to the bank’s poverty fund, according to people familiar with the matter.

Reduce, Reuse, Recycle: Omnichannel without Breaking the Bank

The retail world is slowly but surely transitioning to omnichannel, but at this point only a handful of retailers are getting it right. Unsurprisingly, those retailers are the ones that can afford to make enormous investments into their systems, dumping millions of dollars into restructuring systems, processes and teams.  And these retailers are seeing results; […]

TD Bank Group's Million-Dollar Gift Establishes Recruitment Fund for Princess Margaret Cancer Centre

The Princess Margaret Cancer Centre, one of the top 5 cancer research centres in the world, received a substantial boost today from TD Bank Group. A $1-million gift will establish the TD Collaboration and Recruitment Fund to recruit post-doctoral students, fellows and other researchers to The Princess Margaret. Show More Summary

Chinese banks to join new gold fix from March

``The presence of Chinese banks would give the world's second-largest consumer of the precious metal a greater say in the global gold price. Participants in the fix aggregate orders from clients on to a platform to determine the price. ''

Real Estate Socialism

Submitted by Ramsey Su via Acting-Man blog, Ownership Can Be Ephemeral Deflation is upon us. There is excess capacity in everything far in excess of demand. Every Central Bank in the world is devaluing its currency. The US alone added over $4 trillion to the Fed’s balance sheet. Show More Summary

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