Search Results for: EU commission
Number26 receives banking license
July 22nd, 2016
Number26 becomes N26 and receives a banking license: only 1,5 years after product launch, the FinTech’s N26 Bank is awarded a full German banking license by the Federal Financial Supervisory Authority (BaFin) and the European Central Bank. This provides ...
The real message from asset inflation
July 22nd, 2016
The earliest signs are developing of hyperinflation, more correctly described as a collapse of the purchasing power of all the major government currencies. Central bankers are almost certainly unaware of this danger, partly because their chosen statistics fail to ...
Spain To Raise Corporate Tax
July 21st, 2016
The Spanish Government has outlined plans to increase company tax as it battles to keeps its budget deficit in check. Facing the prospect of being the first ever member state to be fined by the European Union for persistently ...
Regulators from around the world issued warnings for unauthorised financial services companies
July 21st, 2016
The Financial Conduct Authority (FCA) of UK, the Central Bank of Ireland, the Sweden’s regulator Finansinspektionen, the Commission de Surveillance du Secteur Financier (CSSF) of Luxembourg, the Swiss Financial Market Supervisory Authority (FINMA), the Spanish Comisión Nacional del Mercado ...
Turkey coup attempt: No immediate impact on oil and gas flows, but long-term concerns raised
July 18th, 2016
A failed coup attempt launched late Friday by Turkish army officers has had little or no impact on oil and gas flows through Turkey, industry officials told Platts. Some 265 people were killed in the violence. A spokesman for ...
So how big are Saudi Arabia’s oil reserves, really?
July 7th, 2016
“How much oil lies beneath the desert sands of Saudi Arabia and how long will it last before running out?” is a question that has intrigued and confounded oil experts for five decades. The kingdom has proven reserves of ...
VW Will Spend $14.7 Billion to Settle emissions scandal;the largest settlement ever paid by an automaker
July 7th, 2016
Volkswagen will spend $10 billion on affected car buybacks, $4.7 billion to “mitigate pollution” in the TDI emissions settlement. The estimated cost of Volkswagen’s U.S. diesel emissions cheating just rose by half—to nearly $15 billion, the largest settlement ever paid by ...
MasterCard faces £19bn lawsuit over inflated card charges;the biggest in UK legal history
July 7th, 2016
Priceless? Not this time. MasterCard is facing a £19 billion lawsuit – the biggest in UK legal history – in a collective action over card charges that were passed on to shoppers. The claim is headed by ex-financial services ombudsman Walter ...
ASIC crackdown on 40 unlicensed retail Binary Options and FX providers
July 6th, 2016
ASIC has warned of a dramatic increase in the extent of unlicensed conduct by retail OTC derivative providers seeking to expand their market with new customers for their complex and risky products such as binary options. The recent Report ...
CySec issued a Circular to inform Cyprus Investment Firms regarding Quarterly Statistics
July 4th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued a circular to infom Cyprus Investment Firms in relation to their Quarterly Statistics and Authority’s request for the electronic submission of information. According to CySec: 1. Information requested by CySEC ...
