Search Results for: law
HSBC bosses to answer MPs’ questions
February 25th, 2015
The chairman and chief executive of HSBC will appear before a panel of MPs today to answer questions about a tax scandal at the banking giant. Chairman Douglas Flint and chief executive Stuart Gulliver will appear before MPs on ...
Yellen Signals Fed’s Patience With Zero Interest Rate Has Limits
February 25th, 2015
Federal Reserve Chair Janet Yellen signaled that the central bank’s patience with holding interest rates near zero has its limits as she began laying the groundwork for a possible increase in borrowing costs later this year. While she made ...
Greek finance minister’s letter to the Eurogroup
February 24th, 2015
Following is the text of Greek Finance Minister Yanis Varoufakis‘s letter to Eurogroup President Jeroen Dijsselbloem outlining Greece’s proposed reforms. “Dear President of the Eurogroup, In the Eurogroup of 20 February 2015 the Greek government was invited to present ...
Cryptocurrency company’s operator arrested
February 24th, 2015
Ryan Kennedy committed fraud in the Dogecoin community last year. Kennedy, or “Alex Green” as he is known to the larger community, operated the cryptocurrency company Moolah before resigning amidst allegations of theft. In October of last year, Kennedy allegedly stole upwards ...
International and regional bodies that combat money laundering (Part A)
February 24th, 2015
Introduction Money laundering is a global phenomenon that thrives parasitically on the world’s financial markets. It ignores national boundaries in much the same way that the financial market place does. It has been accepted that this problem requires both ...
CySec warning against unauthorised firm
February 24th, 2015
The Cyprus Securities and Exchange Commission (CySec) wishes to inform the investors that the company ‘TALANTO CAPITAL MARKETS (CYPRUS)’ (http://www.talantocm.com): 1. Is not permitted to provide investment and ancillary services in the Republic, pursuant to Investment Services and Activities ...
Big Banks Face Scrutiny Over Pricing of Metals
February 24th, 2015
U.S. Justice Department investigates price-setting process for gold, silver, platinum and palladium U.S. officials are investigating at least 10 major banks for possible rigging of precious-metals markets, even though European regulators dropped a similar probe after finding no evidence ...
Asia Stocks Climb With Dollar Before Yellen, Greek Talks
February 24th, 2015
Asian stocks traded near a five-month high and the dollar strengthened before Federal Reserve Chair Janet Yellen speaks to lawmakers and as Greece’s creditors review a list of debt-reduction policies. Australian bonds gained and U.S. oil extended declines below ...
Five Reasons Bitcoin Revolution is Over
February 23rd, 2015
2015 will be the year Bitcoin “dies.” The bubble is over and the cryptocurrency, while revolutionary, has serious issues which will prevent it from ever becoming widely accepted. Andre Alessandro — The five problems listed here are both structural and external ...
HSBC files: bank chief Stuart Gulliver holds secret Swiss account
February 23rd, 2015
CEO drawn into tax scandal as calls grow to prosecute HSBC for ‘cheating’ the British tax system HSBC’s chief executive Stuart Gulliver sheltered millions of pounds in bonuses in a Swiss bank account, leaked documents have revealed. The 55-year old ...
