Banking Opportunities

January 26th, 2013

A trend among the largest over the past 20 years banking has followed a clear trend toward internationalization. This strategy has been starring leading banks in their countries of origin, which have focused its growth toward geographic diversification and internationalization strategy. The data speak for themselves: the 25 largest banks in the world employ 900,000 people and generated 36% of their revenue outside their domestic markets. Currently, most internationalized 9 banks have greater turnover outside their country of origin than in the own, unlike in just 15 years ago when it was only fulfilling Standard Chartered Bank. The main reasons that encourage these movements are as follows: leadership in domestic markets that grow a moderate seeking markets with higher growth rates possibility to accompany clients on its entry into markets internationalization less unbanked which allow you to apply proven strategies achieving of economies of scale and economies of scope risk diversification of returns, which has produced a positive effect for many entities during the current financial crisis, however, not all entities have managed to generate higher returns for their shareholders during its internationalization and some have even started movements of disinvestment and refocusing on their traditional markets. Related topics in, Blog

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Manuel Diaz Sampedro Department

January 25th, 2013

Cybercriminals trying to take advantage of the new social network from Google, called Google +, they have not taken a long time and have been working hard to circulate false invitations (new social network requires at the moment be invited).Company security and Kaspersky antivirus has detected sending false invitations to take part in Google + containing malicious links, as we read through a statement posted on the web site of Kaspersky. Fabio Assolini, Kaspersky Lab security expert, believes that we are faced with a case of malware, Trojans banking in particular, using false invitations to the social network Google + that will soon be launched to steal data from victims. Currently we have detected one aimed at Portuguese-speaking people. As we can read in the release of Kaspersky false invitation invites you to click on the link. redirectme.NET. the link redirects to a very common banking Trojan of Brazil, a file. cmd hosted on Dropbox and the motor heuristic Kaspersky Lab already detected. The previous message offers the possibility for the victim to send the invitation to 15 friends, but this fake malware intends to collect the names and addresses of e-mail of new victims.

Both Google and Dropbox have been already alerted about the malicious file, although it is again revealed that there is always a period of time in which people with few scruples can act with some impunity and take advantage of the number of unwary that they may fall into the trap of shift. Now it is difficult to have an estimate of the number of affected users, but taking into account the speed of propagation of this type of fraudulent actions, we can be sure that more than one will be repenting of having accepted what at first seemed a simple and attractive invitation to what may be the next social network of fashion. It is worth remembering, therefore, that we must always exercise caution with messages of dubious origin, since the attackers increasingly better do their job and sometimes even the most cautious and conscious users can end up being victim of a hoax. Audea, of the Manuel Diaz Sampedro Department of management of the safety information


Inject Liquidity Shoots Bags

January 25th, 2013

The European Central Bank, the US Federal Reserve, the Bank of England, the Bank of Japan and the Swiss National Bank they agree. The ECB has announced three operations of liquidity in dollars before the tension of the markets. Large financial institutions have taken a blow in the table and have agreed to inject liquidity to the ailing European banks. The coordinated action of the European Central Bank (ECB), the US Federal Reserve (Fed), the Bank of England, the Bank of Japan and the Swiss National Bank (SNB) has underpinned the rise in European stock markets. Since the beginning of August the European parks suffer oscillations which had located some countries in March 2009 figures. The European Central Bank has announced three additional operations that injection of dollar liquidity, currency in which European banking struggles to finance itself.

It will pay to the European commercial banks requiring a fixed interest rate to ensure that they will have enough dollars until end of year. These operations are already additional to the ECB ctua a weekly auction. The Monetary Authority has informed this Wednesday lent dollars to two banks of the zone euro, action that did not carry out from makes a month thing. A total of 575 million dollars, with a fixed interest rate of 1.10% type and a change of the euro to 1,362 dollars. The ECB, which can only inject liquidity in their own currency, maintains a reciprocal currency agreement of a temporary nature (swap line) with the Fed American since mid-September of 2008 after the intensification of the financial crisis with the collapse of Lehman Brothers. This is what allows the financial agency in certain situations injected into dollars. The actions of Societe Generale and Credit Agricole, banks that Moody s agency downgraded its rating on Wednesday, climbed more than 9%. The rest of the European banking has also experienced increases, but has been the French which has suffered greater punishment of the markets in recent weeks. Source of the news: A great deal of central banks to inject liquidity shoots bags

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Bank Markets

January 25th, 2013

Obama committed to the banking sector and fiscal order to generate confidence Buenos Aires, Argentina on February 24, 2009, yesterday saw a new turbulent day in the United States. And if it was stirred in US markets, it was also in world markets. The fear returned to take over the operations and is thus the markets continued breaking minimum. U.S. economic prospects continue to deteriorate. For The Economist Intelligence Unit (EIU), the American economy will suffer a contraction of its product on the order of 2.5% for 2009.

Without a doubt, this turns out to be a fact clearly indicative of the depth that has reached the crisis. As it could not be otherwise, Wall Street closed at their lowest level in 12 years to break the Dow Jones floor 7,200 points (with a low of 3.4 percent), closing at 7.114,78 units. The American banking sector once again became news. Rumors of nationalizations were the order of the day. One of the versions indicated a possible increase in the State participation in Citi (NYSE:c), which could reach 40%. Bank of America (NYSE:BAC), was also noted as a possible beneficiary of contributions from the U.S. Treasury.

In this context, the Citi shares ended the day with a rise of 9.74%, while those of Bank of America did a 3.17% up. But the U.S. Government has wanted to bring calm to markets ensuring that banks remain solid enough and have a sufficient capital base to not require public assistance. The U.S. Treasury has wanted to go further and not only rely on the solidity of the banking system of the United States.UU., but already thinking in the recovery of the same ability to generate credit. In this sense, the U.S. Government confirmed that it will give you the liquidity that the banking system needed to revive the credit markets during the crisis, in a signal of support amid a climate of growing instability in a joint statement from the Treasury Department, the Federal Reserve Read (EDF) and other government agencies in charge of the American economy: A strong financial system is necessary to facilitate a broad and sustainable economic recovery.

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Bank Central

January 25th, 2013

What does that make the Chile Central Bank to stimulate the economy? 20 April 2009 families and Chilean entrepreneurs, are a little taken aback: the Central Bank cuts its interest rate strong, Chilean banking system shows strong and profitable, but they have greater difficulty accessing financing. What is happening? Within the efforts being done by the Chilean Government to lift the economy in the current situation of depression, the Central Bank of Chile has undertaken strong cuts in its interest rate of reference with the aim of increasing the liquidity of the financial system to generate credit that stimulate domestic demand. Currently, the reference interest rate is located at 1.75% (since December 2008, it was reduced by 650 basis points). For a little understanding the operation of monetary policy in Chile, there is to say that the Central Bank seeks to drive the inflation rate and economic growth through the management of interest rate of monetary policy, which affects both through several factors (transmission channels). Currently, the decision to cut the interest rate when the economy is weakened seeks to achieve the following: that the lowering of the cost of the money increase credit in the economy, improve the corporate balance sheets (because it produces an increase in the real value of the assets) and improve exchange-rate competitiveness (since a lower interest rate weakens to the nominal exchange rate). The generalization of the global crisis makes the impact of the Chilean monetary policy on external demand imperceptible. On the other hand, despite being cheaper the cost of funding, according to the quarterly survey, which carries out the Central Bank of Chile, this not translates into an increase in the credit dynamics in the expected way. In relation to the above, the survey released by the Central Bank of Chile, shows that banks have reduced the amounts and deadlines in the granting of loans at the time that several entities have increased the requirements for the granting of credits (although the proportion of entities that have increased their requirements for credit granting is lower than those observed in the last quarter of 2008).

The Bank

January 16th, 2013

Neither know that the Director of the Office of my box, who knows – and presumably – that works in a serious institution. Neither does the Chairman of the savings bank, which is only known to have reversed a portion of the money of its investors in a major United States Bank. 2nd comment: globalization has its advantages but also disadvantages, and its dangers. The people of San Quirze do not know that they are taking a risk in United States and when it starts to read that there mortgages are subprime, thinks: crazy do these Americans! Moreover, it is that there are the Basel rules, which require banks around the world to have a minimum Capital in relation to its assets. To oversimplify, the balance sheet of the Bank of Illinois is: active passive money box money provided other banks loans Capital reserves TOTAL X million X million the Basel rules require that the Capital of the Bank is not less than a certain percentage of the asset. Then, if the Bank is asking for money to other banks and giving many credits, the percentage of assets that Bank Capital low and does not meet the guidelines of Basel.

We must invent something new. And that again is called securitization: the Bank of Illinois packages mortgages – prime and subprime – in packages that are called MBS (Mortgage Backed Securities, or obligations guaranteed by mortgages). I.e. where before had 1,000 mortgages loose, inside the account credits granted, now has 10 packages of 100 mortgages each, in which there is everything good (prime) and bad (subprime), as in the vineyard of the Lord. The Bank of Illinois goes and sells quickly those 10 packages: where does the money you get for these packages? You are going to the asset, to the account of money in box, increasing, decreasing by the same amount the account credits granted, which improves the share Capital/loans granted and the balance sheet of the Bank complies with the guidelines of Basel.



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