Search Results for: One Financial Markets
Woes at Italy’s Biggest Bank Reverberate in Europe
September 12th, 2016
Troubles could worsen already-weak economy, imperil continent’s fragile financial stability For UniCredit SpA, the summer of discontent for Italy’s banks looks likely to stretch well into the fall—and possibly beyond. UniCredit, Italy’s largest lender by assets, emerged as one of the ...
CySec announced the Continuance of Suspension and commencement of proceedings for the possible withdrawal of a CIF license
September 12th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform that, following the announcement dated 25.05.2016, CySec clarifies that the suspension of the authorisation of the Cyprus Investment Firm ‘Atlas Capital Financial Services Ltd’ (‘the Company’), with number ...
Tech partnership brings people and payments closer together
September 9th, 2016
Innovative link-up of CBA’s CommBank app and Barclays’ Pingit will allow customers to move money over 10,000 miles – quickly, securely and seamlessly – with no more than a mobile number. Ground breaking collaboration marks the first time two ...
ASIC cancels AFS licence of The Sharemarket College
September 8th, 2016
ASIC has cancelled the Australian Financial Services (AFS) licence of Brisbane-based education and training business, The Sharemarket College Pty Ltd (AFS licence No 331635). ASIC has also banned the Responsible Managers of The Sharemarket College, Mr Graeme Allan Rogers ...
Deloitte announces record global revenue of $36.8bn
September 8th, 2016
Deloitte has reported aggregate network revenue of $36.8bn for the fiscal year ended 31 May 2016, representing 9.5% growth in local currency terms. Risk advisory grew the most at 22.5%, driven by high demand for cyber and regulatory services, ...
The Forex business is officially shrinking for the first time since 2001
September 8th, 2016
The latest triennial survey of the FX industry by the Bank for International Settlements (BIS) has revealed a decline in volumes for the first time in 15 years. The conclusions of the survey are broadly in line with the ...
Asia Closes In On UK In Forex Market Dominance
September 8th, 2016
For weeks now, analysts have warned that the U.K.’s dominance in FX trading is waning. Now, for the first time in more than a decade, the U.K.’s share of the global currencies trading market dropped to 37.1 percent, reports ...
Low tax Zug aims to become Switzerland’s ‘Crypto Valley’
September 8th, 2016
Zug town hall now accepts bitcoin More than a dozen crypto currency firms operating there so far Government looking at changing regulation to attract more firms The small Swiss canton of Zug, famed for the low taxes that have ...
Asian Stocks Retreat as Crude Oil Rallies; Yuan Bears Squeezed
September 8th, 2016
Yuan borrowing costs jump offshore on suspected intervention Euro edges higher before ECB reviews policy; Aussie gains Price swings in financial markets are becoming increasingly muted as investors mull the outlook for monetary policy in the world’s biggest economies. ...
SWIFT: Virtual currencies unlikely to crowd out fiat currencies
September 7th, 2016
The SWIFT Institute has published a new research paper analysing whether Bitcoin will crowd out fiat currencies in the global community. The paper, entitled “Virtual currencies: Media of exchange or speculative assets?”, looks at the dynamic relationship between virtual currencies, such ...
