Africa is a Land of Opportunity.’ United Bank for Africa Chairman Tony Elumelu on Why Now Is the Time to Invest in Africa Even as the pandemic inflicts a devastating toll on the global economy, United Bank for Africa (UBA) Group Chairman Tony Elumelu insists that now is the time to invest in countries in…
Bezos, Zuckerberg are taking tech wealth to a whole new level The message from Jeff Bezos: Big Tech’s not so powerful. The message from his personal fortune: Oh yes it is. As Bezos and three other technology magnates defend their businesses at a Congressional hearing on antitrust worries Wednesday, their fast-growing wealth provides a breathtaking measure…
Adaptability supported by security: the future of financial services Due to the huge impact on working practices brought about to combat the coronavirus, financial businesses have had to realign on an unprecedented scale to keep the lights on. But until now their focus has understandably been solely on the short-term tactical hurdles e.g. ‘how do…
Just weeks into the coronavirus pandemic, unemployment claims soared past 30 million. Understandably, the focus is on those who are now jobless, whose job prospects and long-term security are suddenly unclear. What’s often overlooked in the economic reckoning, though, are the employees whose jobs were spared. While some may feel lucky to still be employed,…
A lot of companies struggle with two apparently unrelated problems: disengaged younger workers and a weak response to changing market conditions. A few companies have tackled both problems at the same time by creating a “shadow board” — a group of non-executive employees that works with senior executives on strategic initiatives. The purpose? To leverage…
BoM, SBI only PSBs rated ‘good’ in digital transactions in December: Government data. Mumbai: Bank of Maharashtra and State Bank of India are the only two state-run banks that showed ‘good’ performance in terms of digital transactions in December with a score of 77 and 68 respectively, government data showed. The score for an individual…
The SEC will allow US brokers to continue bundling execution and research payments for another three years. In October of 2017, the SEC published a ‘no-action letter’, stating that American firms did not need to actively adhere to MiFID II’s unbundling guidelines. This letter was due to expire in July 2020. This latest statement by…
Wealth management in Japan is a totally different story to anywhere else in the world. In most of Asia it is about rising youth, an emerging middle class and the technology required to serve them. In Japan, it’s nothing like that. Daiwa president and chief executive Seiji Nakata shows Euromoney a chart revealing the segmentation…
Barclays has rebalanced its equity focus away from the U.S. and toward Europe and emerging markets for 2020. In its 2020 outlook, published Wednesday, the British lender said it expects European equities to deliver further gains, setting a target for the Stoxx 600 of 430 by the end of 2020, up 6% from Wednesday’s open. The rise is…
The US Securities and Exchange Commission has granted a three-year extension to the MiFID II relief period for American firms. The SEC will allow US brokers to continue bundling execution and research payments for another three years. In October of 2017, the SEC published a ‘no-action letter’, stating that American firms did not need to…
