The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Juicy future outlook with rate cuts
Emerging markets have seen foreign investment slow sharply, as investors shift money to more established economies like the US in response to higher rates. Central banks in countries such as Egypt and Nigeria have already raised their own interest rates aggressively to try to compete, a path others may have to follow if they hope to bring investors back, he said.But those moves - which sent rates to more than 20% in Egypt and Nigeria- will not come without local costs, he warned.
https://www.google.com/amp/s/www.bbc.co.uk/news/business-68619144.amp
Along with the decision, Fed officials penciled in three quarter-percentage point cuts by the end of 2024, which would be the first reductions since the early days of the Covid pandemic in March 2020. The current federal funds rate level is the highest in more than 23 years. The rate sets what banks charge each other for overnight lending but feeds through to many forms of consumer debt...The plot indicated three cuts in 2025 – one fewer than the last time the grid was updated in December. The committee sees three more reductions in 2026 and then two more in the future until the fed funds rate settles in around 2.6%, near what policymakers estimate to be the "neutral rate" that is neither stimulative nor restrictive.
https://www.google.com/amp/s/www.cnbc.com/amp/2024/03/20/fed-meeting-march-2024-.html
March 21 2024
EXCLUSIVE: “Answering the Call” – Nkosi Moyo, Crown Agents Bank in ‘The Fintech Magazine’
Crown Agents Bank is one of the few operating in the challenging environment of overseas cash aid, delivering billions of dollars every year directly into people’s hands. We asked Head of Global Payments Mobile Sales, Nkosi Moyo, how it uses technology and data to help
When disaster strikes in countries perpetually plagued by challenges like civil conflict, disease and famine, there’s often a crisis of conscience in the well-off West over sending cash to help. There’s a suspicion – backed by evidence in the case of some of the biggest donation events of the last few decades – that it won’t reach the frontline of need, but be diverted to fund arms or pocketed by corrupt officials. Nevertheless, cash is still the most useful form of financial support in a crisis, according to Dr Kate Orkin of Oxford University. Her studies have revealed that cash transfer programmes are the preferred method of government intervention in low and middle-income countries. This, she says, citing reviews by the World Bank and Overseas Development Institute, is because there’s a recognition that, if delivered direct to them, ‘poor people spend cash well’...
Getting some traction; Full artcile published in The Fintech Magazine https://ffnews.com/thought-leader/the-fintech-magazine/the-fintech-magazine-issue-31/exclusive-answering-the-call-nkosi-moyo-crown-agents-bank-in-the-fintech-magazine/
Our Head of Global Payments & Sales, Nkosi Moyo is speaking at the Fintech Spotlight: Moving Africa’s Money event hosted by Invest Africa Ltd.
Taking place this Thursday 21 March from 18:00 - 20:00, Nkosi will be joined by esteemed industry partners to discuss the challenges that Africa faces in regard to cross-border payments, repatriation challenges, reliability, access and scale in the fintech sector.
Panellists include Dr. Ademola Bamgbose - Senior Associate Hogan Lovells as moderator, Charlie Bird – Head of FX Trading Verto, and Theresa Henshaw – Chief Executive Officer United Bank For Africa (UBA) UK
For more information, visit https://lnkd.in/euiH6_Fe.
#crossborder payments #fintech #CrownAgentsBank
An American Committee too.
Could be the US licence? Massive spike
Uzbekistan, UK intensify cooperation in banking sector
calendar
11:06 / 14.03.2024
3445
As part of the visit of the Uzsanoatqurilishbank JSCB delegation to London, representatives of Uzbekistan took part in the annual MoneyLive summit held in the UK.
MoneyLive Summit is a global event in the field of payments and banking, which brings together the world's leading financial institutions, bankers and companies specializing in this field. At this year’s event, issues such as financing fintech and startups, digital banking, and achieving process transparency using artificial intelligence were discussed.
Within the discussion area, representatives of Uzsanoatqurilishbank JSCB and British banks Barclays, HSBS, Lloyds and Crown Agents Bank (£CABP) discussed issues such as export financing and reducing the state share in national banks.
Foreign partners were given a presentation on changes in the banking and financial system of Uzbekistan, the activities of JSCB Uzsanoatqurilishbank, in particular the latest financial indicators of the institution, as well as transformation processes carried out with the support of international financial institutions.
As a result of the negotiations, it was decided to hold a roadshow in May this year in order to inform the British public about the reforms being implemented in the banking sector of Uzbekistan.
https://kun.uz/en/news/2024/03/14/uzbekistan-uk-intensify-cooperation-in-banking-sector
NextGen Nordics 2024: 40+ banks registered to attend
01 March 2024
NextGen Nordics returns to Stockholm on 23rd April, and at seven weeks away from the event day, 200 attendees have already registered.
Among the registrants are a number of representatives from different banks. Included in that are several central banks, such as Bank of England, Central Bank of Iceland, Riksbanken, and Banco Nacional de Angola.
Other banks attending include Afreximbank, Ålandsbanken Abp, Ålandsbanken, Bank Norwegian, Bank of Åland, Bank of America, Bankgirot, Bluestep Bank, BNP Paribas, Citi, Commerzbank, Credit Agricole Egypt, Crown Agents Bank (£CABP), Dahabshil Banking International, Danske Bank, Doha Bank, Handelsbanken, HSBC, Ikano Bank, JP Morgan, Landshypotek Bank, Länsförsäkringar Bank, LF Bank, NOBA Bank Group, Nordea, Nordnet Bank, SEB, Skandia, Sparbanken Syd, Standard Chartered Bank, Sveriges Riksbank, Swedbank, TD Bank, Union Trust Bank, and United Overseas Bank.
A number of notable non-banks have registered including BIS, Bottomline, Getswish, Elavon Klarna Bank, Terrapay, Transfergo, TSYS, Januar, Nordic Payments Council, and Yapily
Our sponsors and exhibitors will also be in attendance, including our lead sponsors Visa and Banfico, as well as Intix, LexisNexis Risk Solutions, NICE Actimize, PPI, Mastercard, Swift, FIS, Tietoevry Banking, and Worldline, and of course, exhibitors Neterium, Crosskey and StoneX.
https://www.finextra.com/newsarticle/43787/nextgen-nordics-2024-40-banks-registered-to-attend
Looks like a rectangular bull flag forming on the 5d
Our VP of Emerging Market Financial Institutions, Mauricio Munguía is representing Crown Agents Bank this week at the Inter-American Development Bank (IDB) and IDB Invest annual meetings of the boards of governors in Punta Cana, Dominican Republic.
From the 6-10th March, economic and financial leaders from 48 member countries of the IDB gather to discuss development topics covering climate change, economic growth in emerging markets, social and financial inclusion and so much more...
Reach out to Mauricio for a meeting and to find out more about the event, see https://lnkd.in/d4q9c3h
#idbinvest2024 #development #growth
https://www.linkedin.com/feed/update/activity:7171149752338776064
From Linkedin
Last night during the Central Banking Spring meetings, Simon Huckle and Barkot Tekle from our Emerging Markets FIs team, hosted a roundtable dinner on behalf of Crown Agents Bank.
With moderation provided by Judith Ndissi, the session explored the complexities that exist for central bankers in settling foreign debt commitments whilst managing valuable international reserves and the solutions available that allow for funding international payments from local currency liquidity.
Special thanks to Judith and to all who attended this engaging session. We look forward to following up further with the solutions discussed and an action-packed second day to close out the event.
#centralbanks #fx #solutions
https://www.linkedin.com/posts/crownagentsbank_centralbanks-fx-solutions-activity-7171167315072331776-QE6W?utm_source=share&utm_medium=member_android
2024*
Only 4 weeks until the earning report.
26 March 2026
"gaining new customers across Europe and the US"
Sounds like a reference to the EUR / US banking licence they are in the process of acquiring.
Gla
Link for anybody who wants to read it
https://www.linkedin.com/posts/crownagentsbank_payments-foreignexchange-members-activity-7166446984491438080-KuNr?utm_source=share&utm_medium=member_desktop
Looks like they got a new partnership in Mauritania
https://www.linkedin.com/posts/crownagentsbank_network-partnership-payments-activity-7165700918062120962-pklP
And earnings report only 4.5 weeks away (26 March)
Buying the dip. Allowed me to buy more and lower my average
Yeah. Looks like a small cool off. Holding strong with the earnings update just over a month away 26 March 2024.