By 2030, Blockchain can cease all traditional banking services, says State Bank of India

'Cryptocurrency', the potentially intimidating term for a banking fraternity in any country has spread its wings in India in the recent times, and its fever is passing on, on equal scale with its mother technology 'Blockchain'. If not for the darker aspects of cryptocurrency, in a parallel world, crypto could entirely
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Berkadia's Richard Levine originated a $14.3 million Freddie Mac loan on behalf of the buyer, Zavala Capital. The seven-year loan features a floating interest rate, 30-year amortization schedule and a 75 percent loan-to-value ratio. Azalea Ridge offers one- and two-bedroom units and features a pool,
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DE) is cutting at least 250 investment banking jobs in locations including London and the United States, a person familiar with the matter told … A red traffic light is photographed in front of the head quarters of Germany's largest business bank, Deutsche Bank, in Frankfurt, Germany, December 6, 2017.
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Higher taxes were expected by all 12 economists in a Bloomberg News survey, with 11 anticipating the GST would be increased. Heng surprised, however, with a hike to 4 percent from 3 percent in the top marginal stamp duty on properties worth more than S$1 million ($762,000), with the change
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Luckily, they will not be honored,” Monti said in an interview with Bloomberg Television's Francine Lacqua on Monday. Whoever is elected will find a scapegoat once in power, he said. “The culprit will be Europe because European constraints will not allow them to fully deliver on their promises,” Monti
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“While losses incurred on residential mortgage portfolios in this period have been limited, this level of structural concentration poses prudential and financial stability risks, particularly in an environment of high household debt, high property prices, weak income growth and strong competitive pressures
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Lloyds Banking Group Plc and Standard Life Aberdeen Plc have fallen out after talks to merge their insurance businesses fell apart. But the two have left the door open to overcoming their differences and getting the deal back on track. News of the failed talks fills in some of the background to Lloyds's
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One look at the Far West Side in Manhattan, and it's pretty clear which developers are the city's most active. Related Companies and Brookfield Property Partners are respectively the top two most active developers in Manhattan, according to an analysis by The Real Deal. Related is working on 9 million
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“The urgency of the issue, the high expectations that are around the process are putting strong pressure on the parties to really find ways of coming to compromises,” Patricia Espinosa said in an interview with Bloomberg News. “It would be very difficult for any party to bear the responsibility of having
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The U.S. abandoned efforts to extradite British computer activist Lauri Love, according to his lawyer, prompting a London court to remove his bail conditions on Monday. Two weeks after a High Court judge ruled Love shouldn't be tried abroad, his lawyer Ben Cooper told a magistrates court that
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Having just passed the ninth anniversary of the global financial crisis, one has to wonder, will it be the end of the biblical drought of capital for real estate in India? Will it be followed by nine years of plenty? Is a new boom cycle on the cards that will make many more paper billionaires? Will real estate
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With a steady decline in affordable housing in the area, developers such as Tiny Dwelling Co. developer James Stinson are looking for ways to diversify the housing market. “[A tiny home] is a new type of housing. We want to be the place that people can come and buy the right-size housing that fits their
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Want to receive this post in your inbox every morning? Sign up for the Balance of Power newsletter, and follow Bloomberg Politics on Twitter and Facebook for more. Donald Trump has opened a new line of attack against the FBI amid signs that the next public steps in the investigation of his former
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LOOP said the “shipper of record” was the trading arm of Royal Dutch Shell Plc. However, data compiled by Bloomberg showed the Shaden was booked last month by Unipec, China's biggest oil trader. a unit of the country's refining giant China Petroleum & Chemical Corp., or Sinopec. LOOP didn't
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Its Eurobonds are the worst-performing debt among emerging-market sovereign issuers, having lost 5.8 percent, according to Bloomberg indexes. On Monday, the kwacha weakened 1 percent against the dollar, the most globally, to its lowest level in almost six weeks.
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The Reserve Bank of Zimbabwe will provide the market with more information on the diaspora bonds “in due course,” the Harare-based regulator said in a Feb. 13 circular to banks obtained by Bloomberg. The southern African nation was once the world's second-biggest exporter of top-grade tobacco.
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Michel Barnier with Irish Foreign Affairs Minister, Charlie Flanagan, on the border separating Northern Ireland and the Irish Republic, last year. Photographer: Charles McQuillan/Getty Images Europe. The U.K. and the European Union are close to agreeing a strategy to prevent the Irish question
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The negotiations should last 10 days and will focus on issues including the reinstatement of the 1992 constitution and the organization of a national referendum, Ghanaian Security Minister Albert Kan-Dapaah, who serves as mediator, told reporters in the capital, Lome, on Monday. Seven members of
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The income boom enjoyed by people born between 1966 and 1980 has turned to “bust” for the generation that followed them, according to a report published Monday. In an analysis of eight high-income countries, the Resolution Foundation think tank found that millennials in their early 30s have
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Euroclear's value of securities transactions settled in 2017 increased by 12 percent, compared to 2016, reaching a record of €733 trillion year-on-year. In addition, the value of securities held for Euroclear clients was up 3 percent year-on-year, reaching a record €28.6 trillion for 2017. The end of year
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