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Latest in Tag: citigroup

$19bn total investments in digital tech in 2015

The fourth EMEA (Europe Middle East Africa) summit began on Monday in London. This summit, held for two days, focused on the innovation and fintech (financial of technology) this year, which is the future of financial transactions in the upcoming years. Daily News Egypt was there and covered the two-days session of the conference. The …

Nevine Kamel

Moody’s downgrade gives edge to safe-haven banks

(Reuters) – Major ratings downgrades by Moody’s will further divide the world’s biggest banks based on their strength and access to cheap customer deposits. The ratings, released Thursday by Moody’s Investors Service, gave a competitive advantage to “safe-haven” banks that fund themselves with stable, low-cost customer deposits, while worsening the outlook for weaker banks that …

Daily News Egypt

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