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Arab Banks Struggle to Maintain Correspondent Relationships

According to a recent IMF, World Bank and Arab Monetary Fund report, 40% of Arab banks are experiencing “a significant decline” in the scale of correspondent banking relationships. The report shows 167 terminated accounts in 2015 compared to 71 in ...

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Broverman: Tech To Extend Advisory’s Reach

Eli Broverman is president and co-founder of Betterment, a provider of automated online investment advice—“robo-advisory.” He visitedGlobal Financeto discuss technology and asset management.

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Colombia: Unsettled After Voters Nix Peace

Columbian voters stunned observers on October 2 by rejecting the peace deal between the government of president Juan Manuel Santos and the guerrilla group Revolutionary Armed Forces of Colombia (FARC), despite a 52-year civil war that has claimed approximately 220,000 ...

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New Head at Caterpillar Faces Slow Growth

Caterpillar, the US-based leader in the machinery and engine industry, announced thatin January Doug Umpleby, a longtime Caterpillar executive, will succeedDoug Oberhelman as the company’s CEO. He will be challenged by slow growth worldwide.
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