Tuesday , December 12 2017

Banking

Billionaire Arison sells $930mn stake in Israel’s Bank Hapoalim

Jerusalemites take out money from ATM's at Bank HaPoalim. January 13, 2011. Photo by Nati Shohat/FLASH90 *** Local Caption *** áð÷ äôåòìéí
ëñôåîè
ëñó
áð÷
ëìëìä

Bloomberg Billionaire Shari Arison agreed to sell almost 10 percent of Bank Hapoalim Ltd. in what could become one of the biggest deals in Israel’s financial sector. Arison signed a non-binding agreement to sell 49 percent of her investment and philanthropy arm, Arison Holdings 1998 Ltd., to unidentified North America-based ...

Read More »

Zimbabwe signs up for $600mn credit line from Afreximbank

(161129) -- HARARE, Nov. 29, 2016 (Xinhua) -- Photo taken on Nov. 28, 2016 in Zimbabwe's capital Harare shows the new bond notes that start circulating in the country. Zimbabwe on Monday added a new "surrogate" currency to the nine already in its multi-currency basket amid mixed feelings from the banking public. (Xinhua)(yy)

Bloomberg Zimbabwe will access a $600 million credit line from African Export-Import Bank in an effort to stave off a foreign-currency shortage that’s afflicted importers of everything from food to fuel. The southern African nation needs the assistance “especially during the foreign-exchange drought, which runs from October to February next ...

Read More »

UBS tells wealthy clients to ‘take some profit’ on global stocks

A logo of Swiss banking giant UBS is seen on a building on November 14, 2013 in Zurich.  AFP PHOTO / FABRICE COFFRINI        (Photo credit should read FABRICE COFFRINI/AFP/Getty Images)

Bloomberg UBS Group AG, the world’s largest wealth manager, told clients worldwide to take some profit on their stocks as rising values make it more difficult to generate “significant” further gains. “Although we continue to believe that global stocks can grind higher, underpinned by robust economic growth and increasing earnings, ...

Read More »

Australian ‘officials’ to have pay deferred

Oz1 copy

Bloomberg Australia’s top bankers including Andrew Thorburn, Shayne Elliott and Brian Hartzer would have almost half of their pay deferred for four years under proposed laws to clean up the country’s scandal-ridden financial services industry. Executives and board members earning A$500,000 ($400,000) or more will have to defer a portion ...

Read More »

ECB’s Constancio says bitcoin isn’t a currency, it’s a tulip

Bloomberg European Central Bank (ECB) Vice President Vitor Constancio laughed off any concern that bitcoin might challenge his institution’s control of euro-area money. Speaking on a panel that included Dutchmen Steven Maijoor, chair of the European Securities and Markets Authority, and Lex Hoogduin, chairman of LCH Clearnet, the ECB official ...

Read More »