Search Results for: SAFE
Citibank to refund $700 million to credit card customers for unfair and deceptive practices
July 22nd, 2015
Citibank, N.A. and some of its subsidiaries is ordered to refund approximately $700 million to customers for unfair and deceptive credit card practices. This includes unfairly billing consumers for credit card add-on products, deceptively marketing those products, and deceptive collection ...
Gold rebounds from five-year low
July 22nd, 2015
Despite uptick, more losses are expected as people no longer see gold as safe haven Gold bounced back from a five-year low on Tuesday, advancing for the first time in seven sessions amid declines in the dollar and speculation ...
PayPal Celebrates Listing on Nasdaq and Completes Separation from eBay Inc.
July 21st, 2015
PayPal Holdings, Inc. (“PayPal”) (Nasdaq : PYPL) announced that it has completed its separation from eBay Inc. (“eBay”) and is now an independent public company trading on the Nasdaq Stock Market under the ticker symbol “PYPL.” The company’s leadership ...
Investors turn to absolute return as volatility spikes
July 21st, 2015
Choppy markets have meant a surge in interest for defensive funds VOLATILITY in bond and equity markets has picked up lately, and risks seem to be cropping up in every part of the globe. Now investors are turning to ...
Mainland China needs to let brokers play a bigger role in market
July 20th, 2015
While putting all shares in central clearing may be the mainland regulator’s idea of a “safe” market structure, the system creates a wide gap with the outside world and erodes the role stockbrokers can play. In Hong Kong, all ...
Greece and the Problem of Correcting Trade/Productivity Imbalances
July 17th, 2015
Piling on more debt is the worst possible way to correct structural trade and productivity imbalances. In Greece and the End of the Euroland Fantasy, I suggested the trade imbalances at the heart of Greece’s debt crisis could only ...
HMRC debt recovery powers to raid bank accounts ride roughshod over Magna Carta principles
July 17th, 2015
Buried in the hefty tome presented to the House of Commons at the Budget last week were these 36 words: “Direct recovery of debts – This government will introduce legislation to modernise and strengthen HMRC’s powers to recover tax ...
How Being a Boring Investor Can Make You Rich
July 17th, 2015
Think like a millionaire and learn how to boost your returns without resorting to exotic—or risky—investment strategies. Most millionaires don’t rely on complicated strategies to attain wealth. More than three-quarters of a typical millionaire’s portfolio is held in a ...
Barclays’ second boss in a week exits the bank
July 16th, 2015
BARCLAYS deputy chairman Sir Mike Rake has become the second casualty of newly-installed chairman John McFarlane in a week, after he confirmed plans to leave the bank “by the end of 2015” yesterday – which leaves the rest of ...
Banks face new legal action over forex manipulation
July 15th, 2015
After fines totalling many billions of pounds from UK and US regulators, a new threat is about to hit the major banks found guilty of manipulating the foreign exchange market. US lawyers are preparing multi-million-pound legal action – to ...
