Chinese banks are more willing to lend to non-banking institutions — brokerage houses and lenders, which are intermediaries between banks and business. Volume of the shadow economy has reached almost $7 trillion. Analysts have warned that a credit bubble can become "black Swan", which will bring down the economy of China.

10-05-2016 admin 1945 0

Hackers tried to steal 1.5 billion rubles, which is about 1% of the total profit of Russian banks in 2015. For this, they have registered a payment system abroad.

06-05-2016 admin 2124 0

"Smart contracts" that execute themselves, can rid the world of theft, corruption and litigation, as well as to give fair elections, without putting a single official.

22-04-2016 admin 2525 0

An unbalanced budget can lead to the collapse of the exchange rate and new shocks, warned first Deputy Chairman of the Central Bank Ksenia Yudaeva. It is important not to repeat the mistakes of the BRICS countries, she said.

19-04-2016 admin 3197 0

The cryptocurrency Bitcoin has long established itself as a reliable tool for payments, but the underlying technology is suitable to manage any kind of processes. Some enthusiasts with it, intend to dismantle the current hierarchical institutions of power and replace them with new decentralized. "Ribbon.ru" asked how the proponents imagine a future society.

16-04-2016 admin 2932 0

The technology of the blockchain may be the new wave, which is expected to create thousands of startups and their products have already attracted hundreds of millions of investor dollars.

09-04-2016 admin 2095 0

Russia will spend the entire reserve Fund by the end of 2016, according to experts of the world Bank (WB). Their findings are outlined in a new report on the Russian economy "a Long path of economic recovery." "Russia will be difficult to achieve the deficit target of the budget for 2016 at 3.0% of GDP, and the need to Finance the excessive spending of the budget will continue to Deplete the reserve Fund of the country," write the economists.

09-04-2016 admin 2634 0

The largest international financial centers, according to the latest GFCI (Global Financial Centres Index)/, have been recognized as London, new York and Singapore. Hong Kong the three did not hit, dropping in the ranking from third to fourth place, reports the Agency "Xinhua".

09-04-2016 admin 11946 0

JPMorgan, Citigroup, Bank of America, Credit Suisse, together with market information provider Markit and technological start-up Axoni have successfully tested technology of the block chain (blockchain) for swaps "credit default" (CDS), reports the WSJ. This technology (also called technology of bitcoin) provides the storage and processing of data and is a record of all your transaction is not centralized and is stored on different computers. Assessment Autonomous Research, using the technology of the block chain will allow banks to save annually at registration of deals $16 billion, and adequacy requirements of their capital declined by $120 billion.

09-04-2016 admin 2323 0

Credit issue – the only way to Finance the expansion of production in Russia, said on air "Russian news service" economist, academician of the Russian Academy of Sciences Sergey Glazyev.

26-03-2016 admin 3600 0