Search Results for: PRA
Swiss police raid HSBC’s Geneva office
February 18th, 2015
Swiss police are searching offices of the Geneva subsidiary of HSBC bank in an inquiry into alleged money-laundering. Prosecutors said they are investigating HSBC Private Bank (Suisse) and “persons unknown for suspected aggravated money laundering”. The investigation could be ...
Greece faces resistance to extra emergency funds for banks
February 18th, 2015
The European Central Bank faces resistance from Germany to allowing any extra emergency lending for Greek banks, people familiar with the matter said, increasing pressure on Athens to sign up to an extended aid-for-reform program. After talks between Greece and euro zone creditors broke down ...
Greece to try for loan extension from eurozone
February 18th, 2015
Request sees bailout terms being set aside Greece is set to submit Wednesday to the Eurogroup a request for a six-month extension to its loan agreement with its creditors, sources close to the negotiations between Athens and the eurozone ...
Deloitte Global selects new CEO
February 17th, 2015
Deloitte Touche Tohmatsu Limited (Deloitte Global) today announced that Punit Renjen, currently Deloitte U.S. member firm Chairman of the Board, has been selected as Deloitte Global’s new chief executive officer. Renjen will assume the new role on 1 June 2015, the ...
FCA joins HSBC tax-dodging inquiry
February 17th, 2015
The Financial Conduct Authority (FCA) says it is looking into the HSBC bank over its Swiss tax-dodging scandal. The move comes in the light of last week’s allegations that the bank had helped hundreds of people evade UK tax ...
Singapore Turns to Service as Global Economy Weakens
February 17th, 2015
Singapore is counting on its position as an Asian financial hub to bolster services exports as overseas demand for its goods falters amid an uneven global recovery. The growing importance of services has prompted the government to release quarterly ...
Greece defies creditors, seeking credit but no bailout
February 17th, 2015
Talks between Greece and euro zone finance ministers over the country’s debt crisis broke down on Monday when Athens rejected a proposal to request a six-month extension of its international bailout package as “unacceptable”. The unexpectedly rapid collapse raised doubts about Greece’s future ...
Self protection against money laundering
February 16th, 2015
There is much that both financial and non-financial businesses can do to take the initiative and implement their own money laundering prevention measures. The framework for such prevention measure for protection against money laundering is: Know your administration Know ...
HSBC files: Swiss bank hid money for suspected criminals
February 13th, 2015
HSBC’s Swiss bank concealed large sums of money for people facing allegations of serious wrongdoing, including drug-running, corruption and money laundering, leaked files reveal. Despite being legally obliged since 1998 to make special checks on high-risk customers, the bank ...
Greece, lenders appear to edge closer to deal
February 13th, 2015
There were hopes on Thursday that Greece and the eurozone might be edging toward a deal after Prime Minister Alexis Tsipras, attending his first European Union summit, agreed for government officials and representatives of the country’s lenders to find ...
