Exotix Capital, a London headquartered developing markets financial institution, has rebranded to become Tellimer Group (Tellimer).
The name Tellimer references the heritage of Exotix Capital as a leading provider of intelligence in emerging markets, the combination of which was a key theme in the creation of the brand and reflects the company’s experience and commitment to the market within which it operates.
Lithuania’s government said on Monday it would ask the prosecution service to investigate whether the central bank failed in its oversight of the banks that set the local interbank rate during the 2008-2009 financial crisis, when rates spiked.
The government’s decision was based on a central bank staff report highlighting opportunities for commercial banks to benefit from rigging the VILIBOR rate at which banks lent to each other in litas, the currency until Lithuania joined the euro zone in 2015.
One of Skvernelis’s major rivals for the presidency, Ingrida Simonyte, was finance minister during the economic crisis and later deputy governor of the central bank.
The biggest shareholder in South Korean oil refiner Hyundai Oilbank said on Monday that state-owned Saudi Aramco had agreed to buy a 17 percent stake in its oil processing operations for 1.4 trillion won ($1.24 billion).
Hyundai Oilbank, South Korea’s smallest refiner by capacity, has a total of 650,000 barrels per day of refining capacity in the southwestern city of Daesan and aims to expand its petrochemical business.
Goldman Sachs Group Inc.’s first-quarter profit fell 21% from a year ago as quiet trading and underwriting took a toll across Wall Street.
Goldman posted a quarterly profit of $2.25 billion, or $5.71 a share, on revenue of $8.81 billion.
It is growing a consumer bank, partnering with Apple Inc. on its first credit card, raising new investment funds it can collect fees to manage, and building data services it hopes will lure new types of trading clients.
A 3 per cent decline in staff pay costs helped Citi to reduce expenses faster than revenues, allowing the bank to make progress toward its goal of improving its return on equity to match those of…
There are no extreme “fixes” to secular declines in sales, profits, employment, tax revenues and asset prices.
A second truth is that crises and solutions are generally symmetric: a moderate era enables moderate solutions, crisis eras demand extreme solutions.
The Federal Reserve and other central banks are ready for bubble-related financial crises: they have the extreme tools of zero-interest rate policy (ZIRP), negative-interest rate policy (NIRP), unlimited credit lines, unlimited liquidity, the purchase of trillions of dollars of assets, etc.