Why Soybean Prices Have Continued to Fall Throughout 2024
Jul 18, 2024 · 1.1K. By Hilary Schmidt, International Banker. I n mid-July, the price of soybean futures contracts dipped below $11 per bushel for the first time since November 2020, as the U.S. Department of Agriculture (USDA) and other major analysts reported more favourable than expected supply conditions for the global market, as well as weak export demand. With the soybean market extending its long-term ...
Key Takeaways From the 16th Annual BRICS Summit in Kazan, Russia
Nov 13, 2024 · 302. By Nicholas Larsen, International Banker “ Strengthening Multilateralism for Just Global Development and Security” was the central theme promoted at the 16 th BRICS Summit held in Kazan, Russia, from October 22 to 24, with the Kazan Declaration—the document adopted at the summit by all BRICS+ members (Brazil, Russia, India, China, South Africa plus Iran, Egypt, Ethiopia, Saudi ...
The WorldCom Scandal (2002) - International Banker
Sep 29, 2021 · 28.6K . C oming hot on the heels of accounting scandals involving Enron and Tyco, both of which sent financial markets into tailspins, the fraud committed by WorldCom, one of the world’s biggest telecommunications companies, ended up dwarfing even those infamous crimes in terms of sheer numbers.. By June 2002, the United States’ second-largest long-distance telecommunications company ...
The Generative AI Revolution in Banking: Transforming Research, …
Oct 8, 2024 · GenAI’s potential for metamorphosing operations has captured the attention of banks worldwide. While still new, the technology is already upgrading processes in three key areas: research, risk assessment and compliance. As banks increasingly embrace GenAI’s advantages, they must plan carefully and ensure necessary governance is in place.
The Enron Scandal (2001) - International Banker
Sep 29, 2021 · Enron Corp., once a top American energy-trading company, became a case study in corporate-accounting chicanery and filed for bankruptcy in 2001. The corporation’s troubles started with the introduction of mark-to-market accounting practices, leading to inflated valuations that could be hidden from investors and regulators for only so long.
The Dollar Still Dominates, but De-dollarization Is Unstoppable
Jan 2, 2024 · The United States enjoys a special advantage because of the preeminent status of its dollar as the world’s leading reserve currency and medium of exchange. Other countries are increasingly moving toward knocking the dollar off its throne through de-dollarization. The trend is unstoppable, but it’s unlikely the dollar will lose much of its authority any time soon.
2024 Supply-Chain Finance: Picking out Key Trends in Trade …
Mar 18, 2024 · 756. By Maurice Benisty, Chief Commercial Officer (CCO), Demica. A midst ongoing high interest rates and geopolitical flux, banks worldwide are building out evolving strategies in supply-chain finance as they play their parts in shaping a resilient global economy.. As we continue into 2024, I foresee continued growth as our industry adjusts to a structurally higher interest-rate environment.
Egypt Is on the Cusp of a Digital-Banking Boom
Oct 23, 2024 · 348. By Joseph Moss, International Banker. W ith the upcoming launch of its first digital bank, Egypt now has a massive opportunity to boost financial inclusion across the country, not to mention lay the groundwork for a thoroughly modern, customer-centric banking system. In early May, the Central Bank of Egypt (CBE) granted preliminary approval to Misr Digital Innovation (MDI), the investment ...
The Customer Experience: An Inescapable Priority for Global …
Mar 11, 2024 · 598. By Samantha Barnes, International Banker. A s the world continues its migration further into the digital realm to fulfil its banking needs, lenders in 2024 are only too willing to expand their digital-banking capacities to meet this increasing—and increasingly sophisticated—global demand. Indeed, customer preferences are evolving rapidly, with lenders striving to keep up with new ...
Geopolitical Risk and Default Risk of Global Systemically Important …
Sep 30, 2024 · Banks that are deemed “global systemically important banks” enjoy advantages over those that are not, especially during geopolitical tensions. This may heighten the financial system’s instability risks. A recent study used CDS spreads to investigate the correlation between geopolitical risks and the default risks of G-SIBs and non-G-SIBs.