Western banks are increasingly focused on preserving and extending the wealth of their employees. Emerging market providers, on the other hand, are focused on unlocking access to new markets using the latest technology as enablers. This provides new services to people who may not have had access to such services before, and creates wealth for enterprises in the process.
Stocks News » Financial Services Industry
Mobile Banking, Internet Banking, Online Banking, Online Bank accounts, Mobile Online Banking, Mobile Internet Banking
Life insurance sales decline by 18%
Posted by TakashiiY 208 days ago (http://www.todayonline.com)
The recession last year caused life insurance sales to take a beating as total premiums on a weighted basis fell 18 per cent to $1.41 billion from the previous year.
The Life Insurance Association (LIA), which unveiled the data yesterday, attributed the decline to market uncertainties which dampened sentiment among customers.
The Life Insurance Association (LIA), which unveiled the data yesterday, attributed the decline to market uncertainties which dampened sentiment among customers.
National Electronics Extend Funds Transfer Transactions Time
Posted by johncoleman 214 days ago (http://economictimes.indiatimes.com)
RBI has widened the scope of the National Electronics Funds Transfer (NEFT) for small-ticket online settlements
by extending the transaction timings and facilitating speedier settlements.
by extending the transaction timings and facilitating speedier settlements.
China hikes banks' reserves, curbs loans: reports - MarketWatch
Posted by Patsky 225 days ago (http://www.marketwatch.com)
China's central bank has singled out several large Chinese banks and required them to raise their reserve ratios for excessive lending, while also asking some not to issue new loans, according to reports Tuesday, suggesting the government is taking steps to cool the red-hot pace of the nation's loan growth.
Should AIG Be Investigated? -- Seeking Alpha
Posted by SHPark 261 days ago (http://seekingalpha.com)
Take a minute, if you missed it already, to check out this editorial in the NYTimes by Eliot Spitzer, Frank Partnoy and Bill Black (three people who have investigated a fair amount of financial fraud) where they call for an open source investigation of what went wrong at AIG (AIG):
we know where the answers are. They are in the trove of e-mail messages still backed up on A.I.G. servers, as
we know where the answers are. They are in the trove of e-mail messages still backed up on A.I.G. servers, as
S.E. Asia Banks Poised for Bumper Earnings - CNBC
Posted by CaraTan 267 days ago (http://www.cnbc.com)
Place your bets on Southeast Asian banks, as they are set to turn in bumper earnings in the coming quarters, said Chong Yoon-Chou, investment director at Aberdeen Asset Management Asia.
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