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The One Trillion Dollar Consumer Auto Loan Bubble Is Beginning To Burst
September 7th, 2016
Do you remember the subprime mortgage meltdown from the last financial crisis? Well, this time around we are facing a subprime auto loan meltdown. In recent years, auto lenders have become more and more aggressive, and they have been ...
ECB might deliver more QE but Fitch’s top economist says ‘don’t bother’
September 7th, 2016
Expectations for further quantitative easing at upcoming European Central Bank and Bank of Japan meetings may be running high, but chances are central bankers will be wasting their time with fresh measures, analysts warned. Brian Coulton, chief economist at ...
SGX securites turnover falls 27% in August
September 7th, 2016
Securities Total Securities market turnover value fell 2% month on month and fell 27% year on year to S$20.6 billion, during 22 trading days compared to 20 in July 2016 and 19 in August 2015. Securities daily average value ...
Morgan Stanley pays $123,750 in infringement notice penalty
September 7th, 2016
Morgan Stanley Australia Securities Limited (“Morgan Stanley”) has paid a penalty of $123,750 to comply with an infringement notice given to it by the Markets Disciplinary Panel (“MDP”). The MDP had reasonable grounds to believe that Morgan Stanley contravened subsection 798H(1) ...
CySec imposed more than 1 million in Administrative Fines on Investment firms in 2016
September 7th, 2016
The Cyprus Securities and Exchange Commission (CySec) has imposed the total of €1,168 million of fines on Cyprus Investment Firms in 2016, till August 31. In this amount is included a settlement made between CySec and a CIF. The biggest fines ...
Brazilian Police Launch Investigation Into Alleged Fraud at Pension Funds
September 6th, 2016
Brazilian police on Monday said they launched an investigation into alleged fraud of as much as 8 billion reais ($2.5 billion) at the country’s four largest pension funds, all of which are linked to state-controlled companies. Judge Vallisney de ...
Oil Rally Fervor Cools as OPEC Output at Record Before Talks
September 5th, 2016
Investors cut bets on oil rally by most in two years: CFTC OPEC production reached 33.69 million barrels a day last month Investors are realizing that OPEC’s talk of a production freeze may not be much of a restraint, ...
KPMG named top listed company auditor
September 5th, 2016
KPMG has retained its position as the listed company auditor, according to the latest Adviser Rankings. According to its third quarter guide, KPMG retains first position for total stock market clients after it gained six new clients to reach ...
Dubai: No access to lawyers due to financial constraints? Now there is free legal consultation
September 5th, 2016
Dubai: Having no access to lawyers for legal consultation in Dubai due to financial constraints will now be a thing of the past, officials said. The Community Development Authority (CDA) in Dubai this week launched the Legal Clinic to ...
Moscow Exchange Trading Volumes in August increased by 14.3%
September 5th, 2016
Moscow Exchange (ticker: MOEX) announces trading volumes for August 2016. Total trading volumes increased by 14.3% YoY to RUB 72.0 trln. The Money Market and Bond Market posted the strongest growth, with volumes increasing 107.8% and 19.0% YoY, respectively. Equity ...
