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Investment & Banking News

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Canadian investment portfolios consumed by wanderlust during lockdown

OTTAWA (CU)_In Canada, investment savings are notoriously tied to publicly-traded equities in the country, although they only account for less than 3 per cent...

President Ramaphosa welcomes investment from ‘friends of South Africa’

BERLIN (CU)_Under the German Presidency in 2017, the 20 largest economies in the world initiated the G20 Compact with Africa (CwA) to promote macroeconomic,...

Cooperative Banks under fire for non-compliance

MUMBAI (CU)_In March 2019, the Reserve Bank of India (RBI) conducted a statutory inspection into the financial position of the Bombay Mercantile Co-operative Bank....

ANZ becomes the last of the Big Four to respond to ASIC’s revision

SYDNEY (CU)_In July last year, the Australian Securities and Investments Commission (ASIC) published a Regulation Impact Statement, in which it modified the maximum timeframe...

Head of major Canadian bank defends the country’s largest lenders

TORONTO (CU)_In late August, Canadian Prime Minister Justin Trudeau pledged to hike taxes on the country’s largest banks and insurers if he is elected...

Proposed plan could have smaller banks put out of business

KAMPALA (CU)_In November 2010, the Bank of Uganda (BoU) issued a directive which required all commercial banks in the country to raise their minimum...

Overseas companies making a ‘mockery’ of Australia’s investment rules

CANBERRA (CU)_In December 2019, the Australian Senate referred an inquiry to the Senate Economics References Committee regarding the foreign investment rules that have been...

Are the Big Six being overly cautious by holding on to rainy day funds?

TORONTO (CU)_Amid the COVID-19 pandemic which began in March 2020, several industries across the most and least developed economies were experiencing an alarming downturn,...

Choosing the most suitable student banking account despite the perks

LONDON (CU)_Over the past year, the COVID-19 pandemic had some cruel effects on the lives and livelihoods of millions of people across the globe....

Negative return on investments notwithstanding financial support measures

(CU)_The COVID-19 pandemic has represented a major shock in The Bahamas, where an increasing unemployment rate, together with an overall worsening of economic conditions...
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