The FINANCIAL -- Major investment banks’ return on equity has fallen from close to 20% in 2006 to less than 8% in 2014, meaning firms will have to make significant changes to return to low double-digit profitability and offset the impacts of higher costs, control failures and intensifying competition, according to EY’s Transforming investment banks 2015, a report on how investment banks can ...

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The FINANCIAL -- In May 2015, the volume of money transfers from abroad constituted 97.7 million USD (227.0 million GEL), which is 28.7 million USD (66.7 million GEL), or 22.7 percent less than the ...

The FINANCIAL -- IFC, a member of the World Bank Group, and Alpha Bank Romania are joining forces to expand the availability of trade finance for importers and exporters in Romania to help spur ...

The FINANCIAL -- T2S, a platform that will enable integrated securities settlement across Europe, has gone live as planned on June 22, the European Central Bank announced. Four securities ...

The FIANNCIAL -- Wells Fargo & Company announced on June 18 that Hope Hardison, who leads Human Resources for the company, will become Chief Administrative Officer, effective Aug. 31, 2015. She ...

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