Search Results for: banks
Moscow Exchange trading volumes in December 2014
January 12th, 2015
The Derivatives and FX markets were Moscow Exchange’s most active in December, with volumes up a respective 137% and 52% YoY. Equity & Bond Market Secondary market turnover in stocks, RDRs, and investment fund units was RUB 1,199.3 bln ...
Greece will need EU/IMF consent to cover funding needs via T-bills
January 12th, 2015
Greece‘s leftist opposition Syriza party will need EU/IMF approval to issue short-term debt to cover funding needs in the first quarter if it takes power after a January 25 election, the finance ministry said on Monday. Syriza, which is ...
Stages of money laundering
January 12th, 2015
Each day the methods used by money launderers become more sophisticated and the financial transactions more complex. With increased use of electronic communications, the speed with which money and assets can be converted and transferred has increased exponentially. There ...
HSBC, RBS Expected to Cut Bonuses After FX Fines
January 12th, 2015
HSBC Holdings Plc and Royal Bank of Scotland Group Plc are expected to reduce bonus pools after deducting part of the fines paid for foreign-exchange manipulation, the Financial Times reported. Bonus pools at banks including Deutsche Bank AG (DBK) and Barclays Plc (BARC) were also ...
UK-based business and IT consultancy Rule Financial officially becomes GFT, following acquisition by the global GFT Group
January 9th, 2015
GFT now has over 400 specialists in the UK and over 3,100 worldwide The combined GFT team in the UK now delivers a wider range of services for clients UK-based business and IT consultancy Rule Financial has officially become ...
Bulgarian regulator to fine KPMG over Corpbank audit
January 9th, 2015
A Bulgarian regulator said on Thursday it will fine the global accounting firm KPMG and two of its employees, saying they did not properly vet the books of Corporate Commercial Bank before it was hit by a run on ...
Woman swindles investors out of SR500 million
January 8th, 2015
A young Saudi woman has fled the Kingdom accompanied by her husband with SR500 million in fake investments obtained from unsuspecting citizens, a local daily reported. In Jeddah, Al-Salama police received complaints from 25 citizens who reported that they ...
Finra to Probe Broker Conflicts When Exchanges Offer Rebates
January 8th, 2015
Some brokers might not be getting the best prices for clients when they send stock orders to exchanges that offer rebates, regulators said in an outline of annual oversight priorities. Recent brokerage inspections found that some firms don’t have ...
Massive fraud link to major mortgage broker
January 7th, 2015
The Melbourne man at the centre of an alleged $110 million mortgage fraud holds a senior position in one of the country’s largest mortgage brokerage networks, raising concerns that the true scale of the potential financial losses is yet to be ...
Execs of Credit Suisse’s China partner summoned
January 7th, 2015
The parent of Founder Securities, Credit Suisse AG‘s brokerage venture partner in China, said four of its executives were ordered to cooperate with an official investigation, stirring concerns as a dispute heats up with a major shareholder. Neither Founder ...
