Sentences with phrase «commercial bank»

The BIS differentiates between wholesale digital currencies, primarily used for clearing and settlement and available to financial market participants, and «general purpose» ones, which allow the general public to effectively «acquire» digital cash at the central bank rather than hold deposits at a commercial bank or hold central bank physical cash.

As illustrated by the next chart, the year - over-year rate of growth in commercial bank credit was slightly above 8 % at around the time of the Presidential election in late - 2016 and is now about 3 %.

All loans are made by Cross River Bank, a federally - insured New Jersey chartered commercial bank, member FDIC.

This isn't noneconomic; it's sensible in the context of the economics of a commercial bank.

As of December 31, 2014, the commercial bank of JPMorgan Chase held $ 1.4 trillion in domestic and foreign deposits and $ 2.074 trillion in assets, making it the largest bank by assets in the United States.

According to Siam Commercial Bank, a transaction that results in funds being deposited in the recipient's savings account in Thailand can be completed in two to five seconds, which drastically reduces the current norm of «two business days» for payments between the nations.

A retail and commercial bank was the Fund's top contributor this quarter, while the largest detractor was a manufacturer of agricultural and construction equipment.

An Italian retail and commercial bank was this quarter's top Fund contributor, while a Japanese automaker was the largest detractor.

A joint bookrunner in the $ 1.7 billion IPO of the True Telecommunications Growth Infrastructure Fund on December 20, Siam Commercial Bank raised $ 802 million on Thailand's equity market last year.

What turns out to be inflationary is commercial bank lending.

The most underreported part of this story has been the fact that the $ 6.2 billion in losses were gambles in high risk derivatives made by the Chief Investment Office (CIO) with FDIC insured deposits held in the commercial bank.

A bank clerk counts Chinese yuan banknotes at a branch of Industrial and Commercial Bank of China in Huaibei, Anhui province, June 8, 2012.

London Whale refers to the blowing up of $ 6.2 billion of insured deposits at JPMorgan's commercial bank through reckless trading in derivatives in London.

The Private & Commercial Bank will be led by Strauss who was previously its co-head along with Sewing.

«Amidst the economic turmoil in 2009, SCB was able to close the year with a healthy and above - target profit, which strongly bears out the bank's right strategic direction to become the «premier universal bank in Thailand,» plus the bank's resilience in adapting to a very challenging economic environment, which resulted in the solid performance,» says Vichit Suraphongchai, chairman of Siam Commercial Bank.

The BitPay Card is issued by Metropolitan Commercial Bank, member FDIC, pursuant to a license from Visa, U.S.A. Inc. «Metropolitan» and «Metropolitan Commercial Bank» are registered trademarks of Metropolitan Commercial Bank.

Yet, despite the reality of PM Mining Stocks being the best performing asset class by far in the stock world this year, nearly every commercial bank and commercial brokerage fund manager completely avoids the asset class of Precious Metal mining stocks like it is kryptonite, and in fact, most of the time, refuses to even acknowledges the existence of this unique asset class, despite a supposed commitment to diversification.

Intesa Sanpaolo, an Italian retail and commercial bank, was the top contributor for the quarter, returning 16 %.

Royal Bank of Canada (RY on TSX and NYSE)(«RBC») today announced that it has entered into a merger agreement to acquire City National Corporation (CYN on NYSE)(«City National»), a premier U.S. private and commercial bank serving high net worth and commercial clients.

2017.02.24 RBC announces Senior Executive Changes Royal Bank of Canada today announced that Jennifer Tory, currently Group Head Personal & Commercial Bank (P&CB) will assume the role of Chief Administrative Officer (CAO).

The new funding was led by Tencent, with participation from a long list of investors including Industrial and Commercial Bank of China, Haier, Telstra, China Minsheng Bank, Juran Zhijia, CreditEase, and Green Pine Capital, with additional investment from CDH Investments who led Ubtech's 100 million series B funding in 2016.

2015.01.22 RBC to acquire City National Corporation, a premier U.S. private and commercial bank Royal Bank of Canada (RY on TSX and NYSE)(«RBC») today announced that it has entered into a merger agreement to acquire City National Corporation (CYN on NYSE)(«City National»), a premier U.S. private and commercial bank serving high net worth and commercial clients.

Energy Commercial Bank Ltd. of Ghana will raise about 330 million cedis ($ 75 million) through an initial public offering as the lender prepares to meet the regulator's new threshold for capital requirements.

She has ten years of experience in a European commercial bank in tasks involving investment planning.

Leading Latin - American cryptocurrency and digital assets startup Cryptobuyer has become the first ever company to install Bitcoin ATMs (BTMs) in a commercial bank.

Local deposits can be made to The Antigua Commercial Bank: Barbuda Relief and Rebuilding Fund: Account No. 100004717

Cash, banknotes and coins, central bank reserves, commercial bank monies are the ones that we need to know of.

The only base for the expansion of money are the member commercial bank legal reserves.

The Vault Guide to Finance Interviews, Ninth Edition is a must - have resource for anyone seeking a job with an investment bank, mutual fund, hedge fund, commercial bank, or other financial institution.

At that time, the central banking and trading functions of the (then) government - owned Commonwealth Bank were separated, with the Reserve Bank of Australia created to handle the former and the Commonwealth Bank continuing as a commercial bank.

Depending upon the lender, the loan purpose, and the loan amount, a commercial bank loan will likely include a lower interest rate and come with a longer term than other loan types.

The Bank recommends a comprehensive review of the economic impact of central bank digital currency issuance as it predicts that digital currencies will compete with commercial bank deposits.

Reliance on commercial bank loans declined among respondents of all age groups, except for the oldest firms (greater than 21 years), which continued to rely on commercial bank loans as their primary credit source.

SS), reported a 5.43 percent rise in first - quarter net profit, while the country's largest bank, Industrial and Commercial Bank of China Ltd (ICBC)(601398.

All loans available through FreedomPlus are made by Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC.

The BitPay Visa ® Prepaid Card is issued by Metropolitan Commercial Bank, member FDIC, pursuant to a license from Visa, U.S.A. Inc. «Metropolitan» and «Metropolitan Commercial Bank» are registered trademarks of Metropolitan Commercial Bank © 2014.

The bank added, «VTB is a solely commercial bank, we have never had any politically motivated deals.»

«Now, the end of this shift away from government central bank money creation to commercial bank credit creation is that there has to be a bankruptcy — a debt write down.

The reason they don't discuss what we are discussing here today is that they don't want you to realise that there is an alternative to commercial bank credit creation and a power grab.

Our other outstanding CEOs, Mary Erdoes (50), Asset and Wealth Management, and Doug Petno (52), Commercial Bank, along with our Chief Financial Officer, Marianne Lake (48), took on expanded roles last year and have played progressively more significant roles partnering across the firm in helping manage the company.»

Industrial and Commercial Bank of China, a major state - owned bank, is exploring how to verify and share users» certificates on a blockchain.

The four big policy banks in China include Bank of China, Industrial and Commercial Bank of China (ICBC), China Construction Bank and Agricultural Bank of China.

Doug Petno, the chief executive of JPMorgan's commercial bank, cited growing investment - banking revenue from commercial banking clients at the bank's investor day in February.

«The premise behind regional investment banking starts from extending relationships from the commercial bank,» James Roddy, who oversees the regional investment banking and M&A business at JPMorgan, told Business Insider.

Gibraltar Business Capital provides small - to medium - sized business owners fresh and accessible capital alternatives to a commercial bank loan, which is typically more restrictive.

Since 2008, China's share of global brand value has increased from 3 % to 15 %, with ICBC (Industrial and Commercial Bank of China) holding its 2017 rank of the 10th most valuable brand in the world.

JPMorgan's investment bank would be nearly as large, followed by its commercial bank and an asset management company.

• Guangzhou Rural Commercial Bank, priced its Hong Kong IPO slightly lower than expected, Reuters reports.

The bank, which is the fifth - largest rural commercial bank by assets in China, priced at HK$ 5.10 a share after quoting HK$ 4.99 - HK $ 5.27, people familiar with the matter told Reuters.

Net Worth: $ 3.95 billion Change from 2017 Ranking: ▲ 21.2 % Major company holdings: Portland Holdings, National Commercial Bank (in Jamaica).