Industrial and Commercial Bank of China Limited (ICBC) posted a net profit of RMB276.3 billion (€41.5 billion) for the year of 2014, representing a growth of 5.1% over 2013, the bank announced on March 26, 2015. In 2014, in response to an increasingly complex global economy, coupled with rising economic challenges and deepening financial reform […]
Spotcap secured €5 million in funding from Kreos Capital, it announced in March. Spotcap plans to use the debt capital to finance the online business lending activities in Spain and the Netherlands and expand its operations globally. Mårten Vading, General Partner at Kreos Capital, said: “Spotcap is at the forefront of the rapidly changing […]
Banks must concentrate on harnessing a range of digital technologies or risk losing customers to a new wave of competitors, according to a new report by the BBA and Accenture. Called Digital Disruption, the report features interviews with leading experts from banks setting out their vision of the future and raises questions for regulators […]
European Central Bank (ECB) and Bank of England (BoE) have announced measures to enhance financial stability in relation to centrally cleared markets in the EU. The ECB and the BoE have agreed enhanced arrangements for information exchange and cooperation regarding UK Central Counterparties (CCPs) with significant euro-denominated business. A CCP places itself between the original […]
March saw an overall average asset class sentiment reach a high, according to the monthly Lloyds Bank Private Banking Investor Sentiment Index. With continued improvement in overall asset class sentiment, net sentiment increased for seven of the ten asset classes surveyed with only a modest decline for the other three, leading to its highest overall […]
KPMG has entered into a strategic partnership with UK Trade & Investment (UKTI), which will see the two organisations supporting the growth of UK exports of goods and expertise. Both organisations have signalled an intent to collaborate together offering support to what is a vital part of the UK's economic growth targets. UKTI and KPMG […]
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