Archives
Payday Lending: Fixing a broken market
May 13th, 2014
ACCA (the Association of Chartered Certified Accountants) has launched a unique report on payday lending looking specifically at its business model. Called Payday lending: fixing a broken market, the authors Sarah Beddows, an independent consultant, and Mick McAteer from ...
FCA reviews how fund charges are set out
May 13th, 2014
The British Financial Conduct Authority (FCA) said today that firms must present their fund charges clearly and consistently, so that retail investors are able to compare charges before making decisions on where to invest. The recommendation follows a review ...
SEC Charges Three Sales Managers With Insider Trading Ahead of Major Acquisition
May 13th, 2014
The U.S. Securities and Exchange Commission has charged three former sales managers at San Diego-based Qualcomm Inc. with insider trading ahead of a major acquisition announcement. The SEC alleges that Derek Cohen, Robert Herman, and Michael Fleischli learned through ...
London’s Latest Boom Is in Billionaires
May 13th, 2014
Tucked into the U.K, the world’s seventh-richest country with an annual GDP of about $2.5 trillion, is an island of rich people with its own subculture, customs, habits and proclivities. London now has more billionaires than any other city ...
Ex-Barclays chief to be quizzed by fraud office over alleged bribes
May 13th, 2014
Former Barclays boss Bob Diamond is to be grilled by the Serious Fraud Office over alleged bribes paid by the bank to Middle East investors during the financial crisis. The tainted former chief executive is among a dozen former ...
Hong Kong, US Wrapping Up FATCA Agreement
May 13th, 2014
Hong Kong and the United States have substantially concluded discussions on an inter-governmental agreement (IGA) to simplify Hong Kong financial institutions’ compliance with the Foreign Account Tax Compliance Act. The Financial Services and the Treasury Bureau (FSTB) said that ...
FCA warning against unauthorised firm
May 13th, 2014
The Financial Conduct Authority (FCA), the British financial regulatory authority, has issued a warning informing the investors that “Nasacrown Credit Union Ltd” is not permitted to provide financial services or products. Furthermore, FCA points out that “Nasacrown Credit Union Ltd” is ...
Election optimism boosts India stocks to record high
May 13th, 2014
India’s benchmark index surged to a record high Tuesday after exit polls indicated that voters will deliver a mandate to Narendra Modi and the pro-business Bharatiya Janata Party. Mumbai’s Sensex index advanced more than 1.5% in early trading as ...
China Slowdown Deepens
May 13th, 2014
China’s industrial-output, investment and retail-sales growth unexpectedly slowed, suggesting the government’s efforts to counter an economic slowdown have yet to gain traction. Factory production rose 8.7 percent in April from a year earlier, the National Bureau of Statistics said ...
USD/JPY probes 102.40/19
May 13th, 2014
Pair’s Outlook USD/JPY is currently trying to restore its bullish outlook by gaining a foothold above 102.40/19, which consists of the long-term up-trend and 55 and 100-day SMAs. If this is the case, the U.S. Dollar will be set ...
