US banks to flee UK if it leaves the EU, say insiders
US banks including Citigroup, Bank of America and Morgan Stanley are preparing to move their European operations out of the UK should the country leave the EU, according to the Financial Times.
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Hanse Orga secures licence for AFP Service Codes
Software provider Hanse Orga has reached an agreement with the Association for Financial Professionals (AFP) to integrate its Service Codes into the company’s bank account management technology.
Fears mount over Chinese lending slump
Concerns over corporate defaults and a stalling property market have reportedly given Chinese lenders cold feet – driving last month’s new credit figures to their lowest point since the crash.
Expanding role of treasury creates staffing black hole, says AFP
Corporate treasurers are increasingly expected to deal with everything from credit and insurance to human resources, making it hard to find and keep qualified staff, the Association for Financial Professionals has claimed.
Financial institutions must “ride the mobile wave,” says Fiserv report
Financial institutions must find better ways to tailor their banking services to the needs of business customers, according to a new white paper by Fiserv.
EY announces Global Exec dual role for Uschi Schreiber
Leading assurance, tax, transaction and advisory service providers EY has revealed that Uschi Schreiber will take the reins as Global Vice Chair for Markets and Chair of the Global Accounts Committee.
Faisal Islamic Bank of Egypt rolls out SunGard’s risk management platform
Egypt’s first Islamic Bank, the Faisal Islamic Bank of Egypt, has selected SunGard’s risk management suite to help it put a system in place for risk exposure and reporting, and to meet its Basel compliance obligations.
HKMA shifts focus to wealth management
As the number of millionaires in the Asia-Pacific region approaches that of North America, the Hong Kong Monetary Authority (HKMA) has announced plans to prioritise its asset and wealth management industry – but will still promote its yuan and treasury management businesses.
Ex-Microsoft financial manager jailed for insider trading
A former Microsoft manager has received a two year prison sentence after pleading guilty to insider trading whilst at the company.
Risk management is still being neglected, says OECD
Despite having a greater awareness of risk, companies are still struggling with the practicalities of mitigating “catastrophic” threats, says a new report by the Organisation for Economic Co-Operation and Development (OECD).
