Search Results for: US authorities
China’s State Media Join Brokerages Saying Buy Equities
September 4th, 2014
China’s state-run media are trying to do something the securities industry has failed to accomplish for much of the past three years: get the world’s biggest population to buy more stocks. The official Xinhua News Agency published at least ...
Scammers posing as IRS agents extort $5 million
September 4th, 2014
Callers posing as Internal Revenue Service (IRS) agents have stolen $80,000 from Arizona residents since January in a nationwide scam that continues to grow both in volume and in threat. Federal authorities said Wednesday that as many as 1,100 ...
Commerzbank near to settling U.S. sanctions probes
September 4th, 2014
German lender Commerzbank AG (CBKG.DE) is nearing agreement with U.S. authorities over its dealings with Iran and other countries under U.S. sanctions, sources familiar with the matter said. The bank is expected to pay about $650 million to resolve ...
Lloyds’ contingency plans could see move to London if Scots vote yes
September 3rd, 2014
Lloyds’contingency plans if Scots vote for independence could include moving its official offices from Edinburgh to London in order to avoid being classed as a Scottish bank. The banking group, which owns Lloyds Bank, Halifax and Bank of Scotland, ...
The Exaggerated Death of Inflation
September 3rd, 2014
Is the era of high inflation gone forever? In a world of slow growth, high debt, and tremendous distributional pressures, whether inflation is dead or merely dormant is an important question. Yes, massive institutional improvements concerning central banks have ...
Bank Seizure Leaves Bulgarians Stranded
September 3rd, 2014
What seemed at first to be a short-term banking crisis is looking more like a chronic condition. But the name of the affliction probably does not matter as much to companies and consumers as the money, about $4 billion ...
China no longer top destination for foreign investment
September 2nd, 2014
An increasing number of American businesses say they feel unwelcome in China after the country’s government began a crackdown on monopoly pricing and corrupt business practices, according to a new survey. The wide-ranging investigations are also perceived to be ...
IMF: Grenada’s Fiscal Consolidation On Track
August 29th, 2014
The International Monetary Fund (IMF) has said that Grenada has made a strong start in implementing its IMF-backed fiscal consolidation program. The IMF approved in June 2014 a three-year USD21.6m arrangement for Grenada to support the territory’s efforts to ...
FSA takes administrative action against Kookmin Bank
August 28th, 2014
The Financial Services Agency (FSA) has taken some administrative actions against Kookmin Bank, Japan Branches. Following its on-site inspection and the report prepared by the Japan Branches based on Article 24, paragraph 1, and Article 48 of the Banking ...
Wells chief warns on mortgage lending
August 27th, 2014
The chief executive of Wells Fargo has warned that the biggest US mortgage provider will avoid providing home loans to people with lower credit scores unless federal authorities reduce the threat that the banks will bear the costs for ...
