South KoreaShinhan BankWith its origins tracing back to 1897, Shinhan Bank can lay claim to being the oldest bank on the Korean Peninsula. It offers a number of retail banking products, including checking and saving accounts, as well as mortgages, insurance and consumer finance. It employs more than 13,000 people and maintains assets worth a total of KRW 176.9trn ($151.82bn). www.shinhan.com...
CanadaRBCCanada’s RBC consistently ranks among the country’s most socially responsible corporations and has one of the most admired corporate cultures going. For these reasons and a string of others, the bank’s success in retail has been boosted by a well-earned positive reputation and the assurance that any customer’s savings are safe with RBC. www.rbc.com...
Saudi ArabiaSABBThe Saudi British Bank, or SABB as it is more widely known, is an associated company of the HSBC Group and headquartered in Riyadh. The Saudi retail bank was founded in January 1978 and began operations soon after in July of the same year, taking over the operations of the British Bank of the Middle East in the Kingdom of Saudi Arabia. www.sabb.com...
ArgentinaBanco MacroBanco Macro is known throughout the Latin American region as a bank that goes above and beyond for its customers and one that works tirelessly to preserve a client-centric culture. What’s more, Banco Macro is the second largest domestically owned bank in Argentina and is among the nation’s leading names in terms of deposits and lending. www.macro.com.ar...
RussiaAlfa-BankHeadquartered in Moscow, Alfa-Bank Russia is a beacon of reliability and efficiency for retail banking customers, both in the country and the larger region. Its far-reaching network, together with its superior levels of experience and knowledge within its management team easily set this financial institution apart from its competitors in the Russian market. www.alfabank.com...
QatarDoha BankIncorporated in 1978, Doha Bank has become one of the biggest banks on the Qatar Peninsula. Yet despite its size, this financial institution still offers a personal service to all its retail banking customers. With qualities including dynamism, innovation and traditional values, Doha Bank is able to offer something unique to the Qatari market. www.dohabank.com.qa...
OmanBank MuscatThrough a network of 127 branches that span the length and breadth of Oman, Bank Muscat offers a wide array of market-leading products and services to its retail customers. It is the largest financial institution in the country, and its highly experienced team provides a flexible and bespoke experience in a friendly and efficient manner. www.bankmuscat.com...
Deutsche Bank Faces Headwinds from US-Based Credit Ratings Agency……. Moody’s Investors Service – the US-based credit ratings agency officially slashed Deutsche Bank’s debt rating to Baa2, from Baa1. This marks the second such cut for Deutsche Bank by Moody’s in 2016. The reason for the credit cut is linked to what Moody’s perceives to be increased challenges within Deutsche Bank’s turnaround strategy. At its current level of Baa2, Deutsche Bank’s unsecured senior debt is essentially 2 rungs above junk status rating. Of equal importance was the downgrade to Deutsche Bank long-term deposit rating to A3 from A2. In late 2015,...
S&P 500 The S&P 500 rally during the course of the day on Tuesday, breaking above the vital 2060 handle. The Monday candle of course was a shooting star so the fact that we broke above it is a very strong sign and it now looks as if we broke above the top of a downtrend line, and as a result it’s likely that we will continue to grind higher, perhaps reaching towards the 2100 level. Pullbacks at this point in time should continue to be supported, and as a result we will more than likely continue to go higher given enough time. Ultimately, this market is trying to break out, but we need to continue to build up the momentum, so pullbac...