Search Results for: EY
Devon VAT fraud accountant jailed
June 24th, 2014
Devon accountant Robert Carpenter was jailed at Exeter Crown Court last week after pleading guilty to a £95,000 VAT fraud. The accountant from Barnstaple was sentenced to 12 months’ imprisonment and was also banned from being a company director ...
NFA’s Board approves prohibition of credit cards to fund retail forex accounts
June 24th, 2014
National Futures Association (NFA) announced that its Board approved a ban on the use of credit cards to fund retail forex and futures accounts. This prohibition is subject to approval by the Commodity Futures Trading Commission. Although NFA’s proposed ...
Oracle to buy Micros for $5.3 billion
June 24th, 2014
Oracle Corp. has agreed to buy Micros Systems Inc. for $5.3 billion as chief executive Larry Ellison seeks to reignite slowing growth by adding software for hotels and restaurants. Micros stockholders will get $68 a share in cash, 18 ...
Global Finance Functions chellenge for transformation
June 24th, 2014
ACCA (the Association of Chartered Certified Accountants) think-tank outlines 10 key requirements needed for effective finance function change. With ongoing pressures on the CFO organisation to drive the efficiency and effectiveness of the finance function, finance transformation continues to ...
Ex-Millennium Fund Manager Gets Four Years in Prison
June 24th, 2014
Former Millennium Global Investments portfolio manager Michael Balboa was sentenced to four years in prison for defrauding investors by inflating the value of Nigerian sovereign debt by $80 million. Balboa, convicted in December in a retrial in Manhattan federal ...
Hong Kong Stocks Climb From Biggest Drop in Three Months
June 24th, 2014
Hong Kong stocks gained, with the city’s benchmark index rebounding after falling the most in three months yesterday, as consumer and technology shares rose. China Resources Enterprise Ltd. gained 2.4 percent, with the retailer and brewer leading the Hang ...
Bond Market Has $900 Billion Mom-and-Pop Problem When Rates Rise
June 24th, 2014
It’s never been easier for individuals to enter some of the most esoteric debt markets. Wall Street’s biggest firms are worried that it’ll be just as simple for them to leave. Investors have piled more than $900 billion into ...
Oil falls as fear fades over Iraq conflict
June 24th, 2014
The price of oil fell Tuesday as fears receded that the insurgency roiling Iraq would affect its oil production and exports. Islamic militants have been steadily expanding their grip on the country’s north, where they control a broad swath ...
UK challenger banks call for easier access to BoE liquidity
June 24th, 2014
Britain’s “challenger” banks are pushing for easier access to Bank of England liquidity and more favourable capital rules to help them compete with established lenders. Small banks say they can be asked to provide substantial collateral when they use ...
The Case of the Missing White-Collar Criminal
June 23rd, 2014
The senior executives who played leading roles in the 2008 financial crisis can breathe a sigh of relief: If any committed crimes, the statute of limitations will run out for most of them this year. It’s safe to say ...
