Search Results for: financial crisis
US, states announce settlement with BP over gulf oil spill
October 6th, 2015
The Justice Department and five states on Monday announced a $20 billion final settlement of environmental damage claims arising from the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. The deal, once approved by a judge, would ...
Wake Up to U.K. Exit Risks, Banks Tell Investors as Polls Shift
October 6th, 2015
Societe Generale sees risk of U.K. leaving EU as high as 45% Europe threatens to overshadow Conservative Party conference Investors are being urged to tune into the looming political battle over the U.K.’s membership of the European Union amid signs ...
TAX: OECD presents outputs of OECD/G20 BEPS Project for discussion at G20 meeting
October 5th, 2015
Reforms to the international tax system for curbing avoidance by multinational enterprises The OECD presented today the final package of measures for a comprehensive, coherent and co-ordinated reform of the international tax rules to be discussed by G20 Finance Ministers at ...
NIRP, its likelihood and effect on commodities
October 5th, 2015
In last week’s article I pointed out that negative interest rates should lead to a general shift in consumer preferences from money towards essential goods. Central bankers may wish for this outcome on a controlled basis to allow them ...
ESMA readies MiFID II, MAR, and CSDR
September 28th, 2015
The European Securities and Markets Authority (ESMA) today published its final technical standards (TS) on some of the most important pieces of post-crisis financial regulation: the Markets in Financial Instruments Directive (MiFID II), the Market Abuse Regulation (MAR) and the Central Securities Depositaries Regulation(CSDR). ...
Greek Banks Said to Face Recapitalization at Top of Range
September 24th, 2015
Auditors tell lenders they need to be more conservative Latest bailout package allocates 25 billion euros for banks Greek banks are being told by auditors some of their assets are overvalued, meaning they may have to raise close ...
China Cannot Let This Happen
September 24th, 2015
After borrowing — and largely wasting — $15 trillion during the Great Recession, China now looks like a typical decadent developed-world country, complete with slow growth, anemic consumer spending and unstable financial markets. But it’s not France, Canada or ...
European stocks rise despite China fears, Volkswagen up 4%
September 23rd, 2015
European stocks were trading higher on Wednesday in what has been a choppy morning of trade amid renewed fears over the health of the Chinese economy and continued fallout from the Volkswagen emissions scandal. The pan-European STOXX 600 was up was ...
Thomson Reuters: Interview with Vítor Constâncio, Vice-President of the ECB
September 16th, 2015
Interview with Vítor Constâncio, Vice-President of the ECB, conducted by Paul Ingrassia, Balazs Koranyi and John O’Donnell on 14 September Is quantitative easing working? It is working and effective in many ways. The ultimate metric to assess success is the ...
Traders’ Phones Are Becoming a Zone of Total Surveillance
September 14th, 2015
At large banks, regulatory requirements and new technology change how conversations are conducted Wall Street has a message for its traders: Watch what you say. At large banks in the U.S. and Europe, traders’ everyday activities are being recorded ...
