Archives
ASIC bans bankrupt financial adviser
March 28th, 2014
ASIC has banned Victorian-based financial adviser, Mr Allan Burt Vissenjoux, from providing financial services. Mr Vissenjoux, who is an undischarged bankrupt, has been banned from providing financial services until 29 May 2016. The ban expires when Mr Vissenjoux’s bankruptcy ...
ASIC bans former WA accountant
March 28th, 2014
ASIC has permanently banned former accountant, Mr Arden Rodrick Wittensleger, 44, of Menora in Western Australia, from providing financial services and engaging in credit activity. ASIC took action after Mr Wittensleger was found guilty of submitting fraudulent loan applications ...
Google keeps throwing googlies over its market dominance
March 28th, 2014
If Google is found to be again gaming the system with its latest package of reforms, EU sanctions must be brought In June last year, in an article for Comment is free, I drew attention to Google’s efforts to ...
FCA warning for clone company
March 28th, 2014
The Financial Conduct Authority (FCA), the British financial regulatory authority, has issued a Warning informing the investors that “RBC Wealth Management/ Royal Bank of Canada Wealth Management” is a clone company. FCA highlights that the following Genuine Firms that fraudsters ...
UK’s banks pay 71% of profits in tax
March 28th, 2014
THE UK’S LARGEST BANKS paid an effective tax rate of 71.3% of their profits to HM Revenue & Customs in 2013, according to research conducted by KPMG. KPMG’s study examined several key metrics in the published results of the ...
Fixing Finance: Work in Process
March 28th, 2014
Despite the enormous costs that have been wrung out of finance department operations, CFOs have plenty of reasons to push for more process improvement. The cost of finance at the typical large company has plummeted. According to the American ...
European Stocks Climb Before Euro-Area Confidence Report
March 28th, 2014
European stocks advanced, paring their monthly loss, as investors awaited data that may show euro-area economic confidence rose in March. U.S. index futures and Asian shares also climbed. Intesa Sanpaolo SpA gained 1.9 percent as it forecast dividend payouts ...
Reserve Bank issues LVR exemption for construction
March 28th, 2014
The Reserve Bank of New Zealand has published revised rules that exempt construction loans from the Loan-to-Value Ratio (LVR) ‘speed limit’ introduced last October. The exemption for construction loans was announced on 10 December last year and is backdated ...
USD/JPY oscillates beneath 55-day SMA
March 28th, 2014
Pair’s Outlook The story continues, as neither the bulls that see USD/JPY rising from 102 nor the bears that are defending the 55-day SMA seem to be willing to give in. And even though in the short run the ...
GBP/USD stays bullish
March 28th, 2014
Pair’s Outlook Interestingly enough, EUR/USD and GBP/USD continue moving in the opposite directions, enough though generally we would expect them to exhibit strong direct correlation. Nonetheless, the Sterling, unlike its European counterpart, preserves a bullish momentum, despite the trading ...
