Search Results for: Total
Morgan Stanley Settles Charges in “Parking” Scheme
December 23rd, 2015
The Securities and Exchange Commission today announced that Morgan Stanley Investment Management has agreed to pay $8.8 million to settle charges that one of its portfolio managers unlawfully conducted prearranged trading known as “parking” that favored certain advisory client ...
The Recession And Bear Market Of 2016, In Two Charts
December 23rd, 2015
Good friend Michael Pollaro just sent a couple of charts that show the US economy heading for a brick wall. The first illustrates what happens when business sales (the green line) turn negative. In the previous two boom/bust cycles, ...
Increase In Tax Penalties Issued To UK Financial Directors
December 23rd, 2015
The number of penalties issued under UK tax authority’s Senior Accounting Officer (SAO) regime more than doubled in 2014-15, according to research by international law firm Pinsent Masons. Pinsent Masons said that 155 fines were issued in 2014-15, up ...
Japanese economy forecast to grow 1.7% in fiscal 2016
December 22nd, 2015
The Japanese economy is expected to grow about 1.7 percent in real terms in fiscal 2016 starting next April, led by recovering consumer spending and solid capital investment, the government said Tuesday. In nominal terms, gross domestic product will ...
Former R.B.S. Bond Trader Pleads Guilty to Securities Fraud
December 22nd, 2015
A former top trader at the Royal Bank of Scotland pleaded guilty in federal court in Connecticut on Monday to one count of conspiracy to commit securities fraud as part of the government’s investigation into Wall Street bond sales ...
Deutsche Bank Tally of Suspect Russia Trades Said at $10 Billion
December 22nd, 2015
Beyond mirror trades, $4 billion in transactions were flagged Regulators said to have received review results in September Deutsche Bank AG has identified as much as $4 billion in suspicious transactions related to its Russian operations, in addition to ...
QNB Group enters into definitive agreement with National Bank of Greece to acquire its 99.81% stake in Finansbank – Turkey
December 22nd, 2015
QNB Group, the largest financial institution in Qatar and the Middle East and North Africa Region, announces that it has entered into a definitive agreement with National Bank of Greece for the acquisition of its entire stake comprising 99.81% ...
IMF Managing Director Christine Lagarde Welcomes U.S. Congressional Approval of the 2010 Quota and Governance Reforms
December 21st, 2015
Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), today welcomed the adoption of legislation by the U.S. Congress to authorize the 2010 Quota and Governance Reforms. “The United States Congress approval of these reforms is a ...
Creation of a “Bad” Bank
December 21st, 2015
The banking sector in Cyprus has gone through radical transformation in the last few years following the disastrous events of March 2013. To a large extent, the sector has regained confidence from both its domestic customers and the international ...
Commodity losses
December 18th, 2015
Markets have been extraordinarily complacent about the bad debts building up in the financial system. In the wake of the Fed’s decision to raise interest rates this week, the effect on debt was barely mentioned in the subsequent analysis ...
