Search Results for: World Bank’s
Russian Asset Sales Muddy Sanction Compliance
February 13th, 2015
U.S. Companies Already Have to Contend With Complex Rules In recent months, Boris and Arkady Rotenberg—Russian businessmen and friends of Vladimir Putin —have sold off assets to their sons that include holdings in a Gazprom drilling contractor and the sleek Finnish Langvik Congress ...
HSBC files reveal how UK’s non-dom tax concession is being exploited
February 12th, 2015
The leaked HSBC Swiss files reveal how widely Britain’s unique “non-dom” tax concession is being exploited. The government says the controversial tax status is supposed to be to the nation’s benefit, by encouraging wealthy foreign investors to spend time in Britain. ...
U.S. Banks Say Soaring Dollar Puts Them at Disadvantage
February 9th, 2015
Firms Say They May Be Forced to Hold More Capital Than Foreign Rivals The strengthening U.S. dollar is rippling through the financial system in unexpected ways, revealing what bankers say is a hidden flaw in a Federal Reserve proposal ...
HSBC files show how Swiss bank helped clients dodge taxes and hide millions (Video)
February 9th, 2015
Data in massive cache of leaked secret bank account files lift lid on questionable practices at subsidiary of one of world’s biggest financial institutions. HSBC’s Swiss banking arm helped wealthy customers dodge taxes and conceal millions of dollars of ...
Germany Stands To Be Big Winner of Much-Opposed ECB Stimulus
February 2nd, 2015
Germany, the biggest opponent of the European Central Bank’s new stimulus program, is poised to reap immediate benefits from the effort—an irony that underscores the complexities of designing one monetary policy for the 19-member currency area. The ECB’s program, ...
Standard Chartered CEO Is Under Pressure From Shareholders, Regulators, Staff
January 29th, 2015
Bank’s Top Shareholders Privately Push for New Leadership Amid Investor, Regulatory Anxiety Hundreds of Standard Chartered PLC’s most senior executives gathered earlier this month on Singapore’s Sentosa island to address the global bank’s dimming fortunes. From a lectern at ...
Saxo Bank Remains Well Capitalized Despite Losses
January 26th, 2015
In accordance with the terms and conditions of the Notes clause 16, the Issuer hereby submits the following notification to the Holders of the Notes. Further information on impact of the Swiss Franc move on 15 January, 2015: As ...
Euro Slips With U.S. Futures on Greece as Treasuries Gain
January 26th, 2015
The euro slipped with U.S. equity-index futures, while Treasuries rallied as Greek voters handed victory to a party that’s pledged to renegotiate the terms of an international bailout. Asian stocks dropped with crude oil and industrial metals. The 19-nation ...
RBS to become biggest player in the peer-to-peer lending referral market
January 23rd, 2015
RBS has announced that it is set to give thousands of small British businesses greater access to finance by formally referring customers to both Funding Circle and Assetz Capital. From next week customers, who the bank is unable to ...
Saxo Bank fulfils its regulatory capital requirements
January 20th, 2015
With a press release, Saxo Bank would like to inform that: In light of the recent volatile Swiss Franc currency movements, Saxo Bank and its subsidiaries are well positioned financially to conduct our on-going businesses globally. Saxo Bank A/S ...
