NEWS

02.07.2014

China's top banks accounted for almost one-third of a record $920 billion of profits made by the world's top 1000 banks last year, showing their rise in power since the financial crisis. China's banks made $292 billion in aggregate pretax profit last year, or 32% of the industry's Community earnings, according to The Banker magazine's annual rankings of the profits ...

BNP to Pay Record $9 Billion Penalty in U.S. Sanctions Plea Deal

01.07.2014

French bank BNP Paribas has pleaded guilty to two criminal charges and agreed to pay almost $9 billion to resolve accusations that it had violated U.S. sanctions against Sudan, Cuba and Iran. It is a severe punishment aimed at sending a clear message to other financial institutions around the world. As Reuters reports, the BNP Paribas guilty plea is the direct ...

Vietnamese Students Find Internship Useless

01.07.2014

June is always the hardest time for senior university students. That’s when they must suffer the hardships of a strenuous internship period, while not expecting to gain too much from it. Internship is a must for senior students, as it helps them accumulate experiences useful for their future jobs. However, many seniors say that their internship days were disillusioning. A university lecturer ...

The Pause regime is announced in MMM-India

01.07.2014

The Pause regime is announced in MMM-India on 28-th the June. The reason was the panic occurred last days among participants, caused by unfortunate set of circumstances – problems with the SMS-s information, trolls , etc. So this measure was aimed to stop it, because panic is destructive for any financial structure. As Sergey Mavrodi said in his video report, ...

Tanzania Ratified Protocol on East African Monetary Union

30.06.2014

Tanzania has ratified the Protocol on the establishment of the East African Monetary Union (EAMU) to harmonize payments and settlement systems and facilitate smooth business transactions among the members of the East African Union (Uganda, Kenya, Tanzania, Burundi, and Rwanda). The next step is to dispatch the instrument of ratification to the EAC Secretary General by the Clerk of Tanzanian National ...