Beware Hidden Costs as Banks Eye ‘Grexit’

David Gledhill, group chief information officer at DBS, condemned bitcoin at the Singapore Fintech Festival. DBS is one of the largest banks in Asia and not the first to criticize cryptocurrency. Gledhill said bitcoin have hidden high transaction fees and should be watched.  

Berlin (AFP) - The escalating Greek crisis puts the European Central Bank in the eye of the storm, as the only body that can prevent a banking collapse or, in the worst case, manage the consequences of a "Grexit".

Have you always had an entrepreneurial spirit? Many individuals dream of becoming their own boss, but starting your own business might prove more challenging than you’d imagine. Without a thorough understanding of all expenses involved, you shouldn’t be surprised to find yourself included in the list of entrepreneurs who have failed in their venture. Business expenses extend far beyond office space rental, equipment, and salaries. The following are three hidden costs you should plan for to boost your chances of building a successful business.

Property and gold, India’s traditional stores of value, appear to be fast losing sheen. Instead, financial assets are gaining currency with savers, whose options largely include deposits with full-service lenders, mutual funds and insurers of life. Financial savings as a percentage of gross national disposable income rose 90 basis points to 11.8% in FY17, buttressed by increases in the three investment avenues.

Heading into 2014, Michael Pettis at China Financial Markets remains adamant that growth estimates for China are too high and that rebalancing (while necessary), implies lower growth than most expect. Via email ...

Do you know how much opening a basic bank account costs you? More than you can imagine, according to a report by the Reserve Bank of India (RBI). If you visit a bank branch three times to open an account—first for inquiry and later for submitting the forms and collecting documents—it will cost you almost Rs 139, says the RBI report. It is not just about the money. The total time spent in the entire process is around a whopping 7 hours and 28 minutes.

(Hammerin Man)

Keeping An Eye On LIBOR - CLO's Beware