Tag Archives: bank

The Brazilian market maintains a forecast of 4.4 percent expansion for 2020 | Instant News


(MENAFN) On Monday, December 28, the Central Bank of Brazil stated that, Brazilian financial analysts maintained their economic expansion forecast for this year at 4.4 percent, but raised their expansion expectations for next year from 3.46 percent to 3.49 percent. .

Analysts kept expected inflation for this year at 4.39 percent, but lowered their inflation forecasts for the next year from 3.37 percent to 3.34 percent, said the bank’s weekly survey of Brazil’s leading financial institutions.

The inflation forecast fell within the government’s objective rate of 4 percent this year and 3.75 percent next year, with a tolerance margin of 1.5 percentage points up or down.

The estimate for the benchmark interest rate, which is currently 2 percent year-on-year, is revised upward, from 3 percent to 3.13 percent for next year.

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Gleaners Gleaners Community Food Bank Provides Free Groceries For Families – CBS Detroit | Instant News


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Italy’s Banca Ifis appointed a new CEO after the current leader said he would step down | Instant News


MILANO (Reuters) – Italy’s Banca Ifis appointed Frederik Geertman to take over as chief executive from April after current CEO Luciano Colombini announced his intention to step down, the bank said on Monday.

The Italian bank said the changes, agreed with the controlling shareholder of La Scogliera, were needed to accelerate the bank’s growth and digitization process following the COVID-19 outbreak.

Colombini was appointed chief executive of Banca Ifis in 2019.

Frederik Geertman is deputy general manager and commercial director of the Italian bank UBI Banca and he has previously worked for ten years at UniCredit, Banca Ifis said in a statement.

Reporting by Elisa Anzolin; editing by James Mackenzie

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Russian ‘computer genius’ Alexander Vinnik convicted of money laundering in France, has $ 140 million in bank funds frozen in New Zealand | Instant News


Russian national Alexander Vinnik was found guilty of laundering money through the cryptocurrency exchange BTC-e and now faces extradition to the United States. Photo / Getty Images

Arrested while on vacation in Greece in 2017, Russian national Alexander Vinnik carried out extradition to the United States and France for three years. The appeal was dropped and the 41-year-old was put on trial in France where he was convicted of money laundering via the Bitcoin cryptocurrency exchange. However, his legal tribulation is far from over. The US still wants to extradite him on serious criminal charges, while $ 140 million is frozen in New Zealand bank accounts. Jared Savage Report.

A Russian “computer genius” with $ 140 million frozen in bank funds in New Zealand has been convicted of money laundering in France.

Alexander Vinnik was arrested while on vacation in Greece in 2017 and extradited

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B3 Brazil chooses the Genesis low code application platform | Instant News


Brazilian financial market infrastructure player, B3, has signed up for the Genesis low code application platform.

Genesis says it has built the only low code platform designed entirely for the needs of the financial market, enabling fast product creation without having to write substantial lines of code.

B3 has performed due diligence on a low code platform as it seeks to help handle extremely complex multi-faceted post-trade workflows, safely at speed and scale.

It chose Genesis after it took the company just six weeks to provide a proof-of-concept view platform process and test millions of post-trade allocation messages in real time, in a secure, high-performance, low-latency and high-throughput environment.

Paulo D’Angelo, MD, B3, says: “As the industry grows and matures, Genesis LCAP provides the foundation and agility to handle the very specific requirements of the Brazilian market across the asset class market trading infrastructure.”

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