On 17 June, delegates to the First State Bank "Banking and Economic Conclave" in Mumbai heard a speech by the charismatic governor of the Reserve Bank of India, Dr. Raghuram Rajan. The ostensible subject of Rajan's speech was the Financial Sector Legislative Reforms Commission (FLSRC) report, which he calls "one of the most important, well researched and well publicized reports in Indian financial history".
From the standpoint of savers, the ECB’s negative interest rate play simply emphasizes the plain and obvious fact that this whole accommodative monetary policy with its “lower-for-longer” philosophy, has been hammering the living daylights out of savers.
Each week QFINANCE.com brings you five things to look out for in the week ahead (14-07-2014). Essential news that will shape the week and help you keep ahead in the world of business and finance.
Each week QFINANCE.com brings you some of the biggest news stories from the past five days (July 4 - 10, 2014) in finance and business – essential reading to keep you up to date with the latest topics.
It is all too easy for international banks who do business with dictators for decades to fall into the trap of believing that their sins, assuming they commit any, will never return to haunt them. The brutal truth, however, is that dictators have a habit of eventually toppling and their corrupt dealings, all of which have to be routed through the global banking system one way or another, suddenly start to come under forensic scrutiny.
On a trip to Budapest last month I caught the BA in-flight magazine Business Life, and one article in particular stood out. The title shouted in large font “Who Needs Banks? The rise of crowdfunding”. The article went on to describe the growth in direct lending such as P2P and crowdfunding, saying how lack of supply was causing more and more small businesses to turn to this disintermediated form of finance.
Each week QFINANCE.com brings you five things to look out for in the week ahead (30-06-2014). Essential news that will shape the week and help you keep ahead in the world of business and finance.
I have a suggestion for the BoE. Just say nothing at all about the next move in the base rate. At least you won’t give the impression that you’re making it up as you go along.
Each week QFINANCE.com brings you some of the biggest news stories from the past five days (June 13 – 19, 2014) in finance and business – essential reading to keep you up to date with the latest topics.
This week has seen for the first time a major central bank dipping its toe into the world of negative interest rates. Instead of receiving interest on deposits, there will be a requirement to pay interest on them, which is quite a sea change.