Search Results for: World Bank
EU told to apologise to Credit Agricole over market rigging probe
March 13th, 2015
The European Commission has been ordered to apologise to French banking giant Credit Agricole for implying its guilt in the long-running investigation into financial market rigging before the probe had been completed. A report published on Thursday (13 March) ...
Hungary brokerage troubles widen with Quaestor clampdown
March 12th, 2015
Third brokerage in a row to face regulatory action Quaestor bond issues may have exceeded permitted limit – cbank Bond redemptions exceeded its liquid asset-Quaestor Investment firm asks for state help (Adds central bank comments, detail) The National Bank ...
UAE set to be the first to offer green-energy sukuk
March 12th, 2015
The UAE is expected to issue the world’s first Sharia-compliant bond aimed at financing green energy projects this year, possibly as early as next month, according to industry experts. “We are going to get one, possibly two , ...
The Last, Great Run For The U.S. Dollar, The Death Of The Euro And 74 Trillion In Currency Derivatives At Risk
March 12th, 2015
Are we on the verge of an unprecedented global currency crisis? On Tuesday, the euro briefly fell below $1.07 for the first time in almost a dozen years. And the U.S. dollar continues to surge against almost every other ...
China Economic Data Weaker Than Expected
March 11th, 2015
Growth in China’s investment, retail sales and factory output all missed forecasts in January and February and fell to multi-year lows, leaving investors with little doubt that the economy is still losing steam and in need of further support ...
Strongest Dollar in 12 Years Sinks Stocks While Oil Slips
March 11th, 2015
The strongest dollar in nearly 12 years versus the euro and the specter of higher U.S. interest rates fueled a selloff in global equities that sent the Standard & Poor’s 500 Index down the most since Jan. 5. Oil ...
Varoufakis unsettles Germans with admission Greece won’t repay debts
March 10th, 2015
Greek Finance Minister Yanis Varoufakis has described his country as the most bankrupt in the world and said European leaders knew all along that Athens would never repay its debts, in blunt comments that sparked a backlash in the ...
Pru’s boss jumps into Swiss role
March 10th, 2015
Prudentail boss Tidjane Thiam is set to leave the FTSE 100 giant later this year to head Swiss banking titan Credit Suisse, it emerged last night. The surprise exit, which would bring the curtain down on a six-year tenure at the ...
HSBC accused of incompetence by MPs in tax scandal
March 10th, 2015
HSBC executives have been accused by MPs of incompetence for saying they were unaware of tax evasion activities in their Swiss private bank. Chris Meares, the ex-head of HSBC’s private banking division: “I absolutely take responsibility for the control failings ...
No more weak links – elite law firms unite to fight cyber security threat
March 9th, 2015
It has long been a gripe among major clients – in particular banks – that law firms are the chink in the armour against the growing barrage of cyber attacks. In response, some of the world’s top law firms ...
