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‘Retail banking in Asia is on the cusp of a new era. By 2015, more personal financial assets will reside there than in Europe, making Asia the world’s second-largest wealth-management region, behind only the United States. Retail-banking revenue in Asia, growing at 9 percent a year since 2010, is expected to reach more than $900 …
News release: “The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency today issued the host state loan-to-deposit ratios that the banking agencies will use to determine compliance with section 109 of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994. …
News release: “The European Commission has informed some of the world’s largest investment banks of its preliminary conclusion that they infringed EU antitrust rules that prohibit anti-competitive agreements by colluding to prevent exchanges from entering the credit derivatives business between 2006 and 2009. The sending of a statement of objections does not prejudge the final …
EIA Report – “The industrial sector, which encompasses manufacturing, mining, agriculture, and construction, accounted for almost a third of total U.S. energy use in 2012. Energy-intensive manufacturing accounted for a little more than half of total industrial energy use. Although the cement industry used only one-quarter of one percent of total U.S. energy, it is the …
“Power generation from hydro, wind, solar and other renewable sources worldwide will exceed that from gas and be twice that from nuclear by 2016, the International Energy Agency (IEA) said today in its second annual Medium-Term Renewable Energy Market Report (MTRMR). According to the MTRMR, despite a difficult economic context, renewable power is expected to increase by …
News release: “As of 20 June, credit rating agencies (CRAs) will have to follow stricter rules which will make them more accountable for their actions. The new rules also aim to reduce over-reliance on credit ratings while at the same time improving the quality of the rating process. Credit rating agencies will have to be …
Majority of elderly blacks and Hispanics are on the cusp of poverty, a new EPI report finds – June 6, 2013 “The majority of elderly blacks and Hispanics are economically vulnerable, at 63.5 percent and 70.1, respectively, a new Economic Policy Institute briefing paper finds. In Financial security of elderly Americans at risk: Proposed changes to …
“The April Job Openings and Labor Turnover Survey (JOLTS) released [June 11, 2013] by the Bureau of Labor Statistics shows that job openings fell by 118,000 in April to 3.8 million. Job openings have seen very little improvement over the last year and remain very depressed. In 2007, there were 4.5 million job openings each month, so …
William C. Dudley, President and Chief Executive Officer / Briefing – June 27, 2013: “Job loss rates have fallen, but hiring rates remain depressed at low levels. Taken together, the labor market still cannot be regarded as healthy. Numerous indicators, including the behavior of labor compensation and household assessments of labor market conditions, are all …
World Database of Happiness Archive of research findings on subjective enjoyment of life Directed by: Ruut Veenhoven, Erasmus University Rotterdam, Happiness Economics Research Organization “Structure of the collections – The World Database of Happiness is an archive of research findings on subjective enjoyment of life. It brings together findings that are scattered throughout many studies …
BIS: “The Basel Committee has a long-standing commitment to promote the implementation of sound policies and procedures to combat money laundering (ML) and the financing of terrorism (FT). Its commitment to combating ML and FT is fully aligned with its mandate to strengthen the regulation, supervision and practices of banks worldwide with the purpose of …
News release: “America’s beaches experienced over 20,000 closing and advisory days for the third consecutive year because of polluted water or threatened contamination, according to the 23rd annual beachwater quality report released today by the Natural Resources Defense Council. Over 80 percent of the closings and advisories were issued because testing revealed bacteria levels in …
