Search Results for: financial crisis
FINRA advice to read your brokerage account statement
October 14th, 2016
Recently, the Financial Industry Regulatory Authority (FINRA) imposed a fine of $850,000 on a firm with thousands of employees for failing to detect for two years that a single broker had taken more than $370,000 from five customer brokerage ...
Wells Fargo Chairman and CEO is stepping down following fake accounts scandal
October 13th, 2016
Embattled Wells Fargo Chairman and CEO John Stumpf is stepping down from the bank he has led for nearly a decade, following intense scrutiny over a fake accounts scandal that erupted last month. San Francisco-based Wells said Wednesday that ...
Ex-HBOS Bankers Accused of Getting Travel, Escorts in Fraud
September 27th, 2016
Defendants mismanaged troubled businesses for their own gain Participants used cash and high-class escorts as rewards Ex-HBOS Plc bankers accepted expensive gifts, luxurious foreign travel and high-class escorts to establish relationships that allowed co-conspirators to take control of troubled ...
Deutsche Bank Shares Drop on Fears of Capital Raising
September 27th, 2016
Intensifying concerns about Deutsche Bank AG’s financial health caused its shares to drop Monday and pushed the company into the awkward position of publicly denying that it had sought help from the German government. Shares of Deutsche Bank, one of the ...
The 7 most influential people in European finance
September 26th, 2016
Bloomberg released its list of the 50 most influential people in the world of finance. It is a comprehensive list of Wall Streeters, politicians, central bankers and business leaders who shape the way the global economy functions and help ...
Commerzbank eyes at least 5,000 job cuts
September 23rd, 2016
Commerzbank AG’s management is eyeing cuts of at least 5,000 jobs, or more than 10% of its workforce, and eliminating one of its units as part of a broader overhaul to address weak profitability amid low interest rates and ...
Deutsche Bank Woes Sparks Concern Among German Lawmakers
September 23rd, 2016
Social Democrat members said to have discussed bank’s finances Biggest German lender creeps into Berlin’s political debates Deutsche Bank AG’s finances, weakened by low profitability and mounting legal costs, are raising concern among German politicians after the U.S. sought ...
The Bank For International Settlements Warns That A Major Debt Meltdown In China Is Imminent
September 20th, 2016
The pinnacle of the global financial system is warning that conditions are right for a “full-blown banking crisis” in China. Since the last financial crisis, there has been a credit boom in China that is really unprecedented in world ...
ICE Clear Europe rceives EMIR authorisation
September 20th, 2016
Intercontinental Exchange (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced that the Bank of England has authorised ICE Clear Europe as a central counterparty (CCP) in accordance with the European ...
China Rich Help Europe Banks Raise $14 Billion Since August
September 19th, 2016
Eight European finance companies opened books in Asia hours ‘Asian investors tend to be more yield hungry,’ JPMorgan says The appetite of China’s wealthy to diversify from a weakening yuan is helping European finance companies boost capital to prepare ...
