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Daily Briefing

Friday 24th March @ 11:32am

The Pearl River Delta continues to be the beating heart of the twenty-first century global economy, serving up the goods that make their way to the four corners of the earth. Slowly but surely a gargantuan middle-class is coming of age in financial terms as a result and now global giant HSBC, headquartered in London but historically grounded in the delta and resolutely focused on developments there, has decide to http://www.reuters.com/article/us-hsbc-china-exclu...MORE

wallpapers-android-images-cool-apple
Thursday 23rd March @ 10:06am

Countries arriving at the stage of building a domestic payments switch are increasingly concerned with accommodating mobile wallets. " Sri Lanka is setting up the infrastructure for a domestic payment card and a switch to transfer cash between mobile wallets to promote cashless transactions, Deputy Central Bank Governor Nandalal Weerasinghe said," according to Colombo-based...MORE

robo-advisor
Wednesday 22nd March @ 9:17am

When Goldman Sachs launched online bank Marcus last year, it seemed clear that the global investment giant was aiming to broaden its funding base by moving into retail banking. Now Goldman looks to be broadening that retail strategy by building a robo-advisory service. Reuters notes that Goldman is recruiting a DAS Digital Experience Developer. What does DAS stand for? The job ad specifies that "Digital Advise Solutions (DAS) business cover mass affluent market by building...MORE

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Tuesday 21st March @ 9:19am

Apple stock hit record highs yesterday as the computer giant looks to bring augmented reality (AR) to the iPhone's next iteration. "Monday's gain came after Goldman Sachs analyst Simona Jankowski raised her price target for Apple to $150," according to CNBC. "She said she is more confident that an upcoming 10th anniversary iPhone will feature http://www.cnbc.com/2017/02/13/reuters-america-update-1-apple-hits-record-high-but-leaves-some-...MORE

NewCBI
Monday 20th March @ 10:24am

Breaking: Theresa May's government will trigger Article 50 on March 29 Brexit stress is beginning to prise apart factions inside Irish finance, with further stories appearing in the Irish press this weekend briefing that the Central Bank of Ireland is now set against bringing any bank to Ireland with more than 500 jobs. The http://www.businesspost.ie/.11( Sunday Business...MORE

td-insiders
Thursday 16th March @ 9:09am

Canadian news show Go Public has a simple methodology. It invites complaints from the public — much in the same way as the CFPB in the US. It's likely that the Wells Fargo cross-selling scandal prompted three tellers at TD Bank to approach Go Public with their own stories of a high-pressure sales culture at TD. The story first aired on Monday 6 March, with a...MORE

news, article, story, newspaper
Wednesday 15th March @ 9:24am

The US Federal Reserve's interest rate announcement is expected today at 1400 US East Coast time. Ant Financial will not have a clear run at Moneygram , the second-largest nonbank remittance network after Western Union. Payments processor Euronet Payments has stepped in with a $1 billion offer to trump Ant's $880 million. Some analysts are asking why this is a big deal. After all, the...MORE

Tuesday 14th March @ 9:11am

The Banking Association of South Africa is squaring off against the government of that country today with the association due to appear before lawmakers accused of not doing enough to progress racial and economic equality. There's an element of politics involved also with President Zuma accusing the banks of monopolising the financial industry and undercutting his business partners, the Gupta family. The bankers claim in return that their firms have "exceeded targets agreed with the...MORE

Monday 13th March @ 10:35am

Douglas Flint's tenure as chairman of HSBC is coming to a close with the bank naming insurance executive Mark Tucker to succeed him. "In Tucker, HSBC will add an executive with more than two decades of Asia experience to help the lender in its so-called pivot toward the region," writes Bloomberg. "Tucker was CEO of Prudential Corporation Asia from 1994 to...MORE

Friday 10th March @ 9:24am

Are we becoming addicted to our digital devices? It doesn't really take a multi-year research study to answer this particular question: just hop on a train and look around. Even walking on the street now requires extra awareness so as not to collide with a hunched-over screen addict. In a new book, New York University's Adam Alter says we're at the start of an epidemic of behavioural addiction, and "this could have https://www.scientificamerican.com/article...MORE

Thursday 9th March @ 9:09am

Has Safaricom abused its market-leading position in Kenya? Yes, says a draft report commissioned by the country's communications regulator and written by London-headquartered advisory firm Analysys Mason. "The report recommends Safaricom opens up its mobile-money platform known as M-Pesa to transfers from competitors' services at prices determined by the regulator...MORE

zero-days-2016-Alex-Gibney-001
Wednesday 8th March @ 9:11am

Is the latest Wikileaks story connected with the battle raging between the Trump White House and the country's intelligence community? Global media are agog this morning after Julian Assange and his fellow hackers released documents that purport to be a CIA manual for hacking and surveillance , often using vulnerabilities unbeknownst even to the vendor. The development suggests that the CIA — now back in the driving seat after years of news...MORE

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