Archives
Bank of England’s governor urges for more transparency
June 2nd, 2014
Bank of England deputy governor Jon Cunliffe said asset-backed securities in the European Union should be made more transparent to revive a market badly hit by the 2008 financial crisis. He was speaking after news the European Central Bank ...
Can This Be Good? China Looks To Build Out Risky Derivatives Market
June 2nd, 2014
The asset backed securities that sunk the U.S. economy, namely the complicated financial products known as mortgage backed securities, is a market China wants to consider opening up to…Americans. Well, not just Americans, but any multinational investment bank with ...
BNP Fine Puts Pressure on Hollande to Act
June 2nd, 2014
A potential $10 billion U.S. penalty against France’s largest bank BNP Paribas SA (BNP) for its alleged dealings with Iran and other sanctioned nations, is stirring outrage in the country. It is putting pressure on President Francois Hollande, who hosts ...
Market Chatter- Corporate finance press digest
June 2nd, 2014
The following corporate finance-related stories were reported by media: * Japanese insurer Dai-ichi Life Co is in advanced talks to buy Protective Life Corp of the United States in a deal that could be worth over $5 billion, a ...
Bitcoin’s Futile Quest to Be a Currency
June 2nd, 2014
Bitcoin is a fascinating and ingenious technology, but most promoters are mindful of neither the monetary nor the tax issues. For all practical purposes IRS regulations issued in March preclude bitcoins from being used as an alternative currency. The ...
India’s economic growth not as expected
June 2nd, 2014
India’s economic growth has remained subdued, due largely to a slowdown in the manufacturing sector, official figures have shown. The economy grew at an annual rate of 4.6% between January and March, below analysts’ forecasts and the same pace ...
Etihad finalises deal for Alitalia investment
June 2nd, 2014
Etihad says it has finalised the conditions it requires for a major investment in Alitalia, following months of negotiations. Etihad did not give further details, but in a TV interview Italy’s transport minister said Etihad was ready to invest ...
China’s manufacturing activity picks up
June 2nd, 2014
China’s factory activity grew in May at its fastest pace this year, according to government figures, a positive sign amid the wider economic slowdown. The official purchasing managers index (PMI) hit 50.8 in the month, up from 50.4 in ...
When Spanish firms use tax havens
June 2nd, 2014
Almost all of the 35 companies listed on the Spanish stock exchange use tax havens, according to a report from Observatorio RSC, an organisation that monitors corporate social responsibility. The figures, based on company reports for 2012, show a ...
SEC Charges Chicago-Based Investment Fund Manager With Stealing Investor Money and Conducting Ponzi Scheme
May 30th, 2014
The U.S. Securities and Exchange Commission has announced fraud charges and an asset freeze against a Chicago-based investment fund manager accused of stealing money he raised from investors to pay personal and business expenses. The SEC alleges that Neal ...
