Search Results for: legal
Deutsche Bank Shares Drop Again as European Banks Get Pummeled
February 9th, 2016
Investors are concerned about ability to navigate volatile markets Deutsche Bank AG’s shares dropped almost 10% on Monday as the battered European banking sector was hit by a fresh selloff amid investor concerns about lenders’ capital buffers and ability to ...
French ex-minister in court over tax fraud, money laundering
February 9th, 2016
Jerome Cahuzac was the face of France’s fight against tax evaders — until he was forced to acknowledge that he himself was dodging taxes, hiding money in tax havens around the world. President Francois Hollande’s onetime budget minister is ...
Italy’s bad bad bank
February 8th, 2016
Europe’s plan for a bad bank in Italy, it turns out, is to not have a bad bank at all. Given how long it has taken, any news is good news. Italy finally reached agreement with the EU in ...
INVESTOR GROUP TO ACQUIRE CHICAGO STOCK EXCHANGE
February 8th, 2016
The Chicago Stock Exchange, Inc. (CHX) is pleased to announce that it has entered into a definitive agreement to be acquired by an investor group led by Chongqing Casin Enterprise Group (the “Casin Group”). The Board of Directors of ...
Top London Lawyers Now Cost More Than £1,000 Per Hour
February 8th, 2016
Report says hourly rates for elite London firms at record high Lack of competition and opaque fee structures are to blame The cost of hiring a top London lawyer has risen to more than 1,000 pounds ($1,445) an hour, ...
Bitcoin: A 21st Century Currency Explained By a Wall Street Veteran
February 8th, 2016
Jason Leibowitz is a former Wall Street professional who pivoted careers in 2014 to focus full-time on digital currency. In this paper, Leibowitz answers questions about how bitcoin was created, how it works and why it matters. It has been ...
CySec announced that a new firm obtained the CIF license
February 8th, 2016
The Cyprus Securities and Exchange Commission (CySec), the financial regulatory authority of Cyprus, has announced that “G.S.E Golden Sky Europe Ltd“ has successfully obtained the CySec licence for CIF (Cyprus Investment Firms). The firm is now authorised to operate legally under the supervision ...
Commonwealth report calls for clearer legislation for virtual currencies
February 5th, 2016
Virtual currencies offer countries a cost-effective, fast and accessible alternative to settling financial payments, but unclear laws and regulations are preventing their responsible development and encouraging their exploitation by criminals, says a new Commonwealth report. Virtual currencies, which allow ...
SEC fined brokerage firm for violated anti-money laundering rules
February 5th, 2016
The Securities and Exchange Commission announced that a Miami-based brokerage firm agreed to pay a $1 million penalty to settle charges that it violated anti-money laundering rules by allowing foreign entities to buy and sell securities without verifying the identities ...
CFTC Charges Financial services Firm
February 4th, 2016
CFTC Charges Florida-Based Oakmont Financial, Inc. and Joseph Charles DiCrisci with Engaging in Illegal, Off-Exchange Precious Metals Transactions The U.S. Commodity Futures Trading Commission (CFTC) filed a civil injunctive enforcement action in the U.S. District Court for the Southern ...
