Search Results for: finance industry
Credit Suisse accelerates its restructuring
March 23rd, 2016
Tidjane Thiam, Chief Executive Officer of Credit Suisse, commented: “Our recent performance has highlighted further two key areas of challenge for Credit Suisse: – Our fixed cost base, and – Our scale in Global Markets in the Americas and ...
Big four among others to join together to enable more apprenticeships
March 21st, 2016
Leading professional services and industry employers, Professional Bodies and training providers have come together to develop a new apprenticeship standard for the audit, accountancy and tax professions. The new standard has been developed to provide school leavers with a ...
Vladimir Putin Starts His Own Ratings Firm
March 18th, 2016
Moody’s, Fitch forced to stop national ratings under new rules Kremlin had condemned barrage of downgrades as political Vladimir Putin’s homegrown credit-ratings firm is up and running and foreign competitors are already feeling the heat. In the past three ...
EY opens four new Centers of Excellence to help companies accelerate business performance and digital transformation
March 16th, 2016
Centers to offer business transformation strategy, cybersecurity, analytics and manufacturing capabilities across the Asia-Pacific region Singapore-based hub to contribute to industry capability development EY has launched four new Centers of Excellence (CoE) to provide innovative services in digital business ...
Traditional Financial Services Firms fear almost a quarter of their business is at risk from FinTechs
March 15th, 2016
FinTech companies are more bullish, believing they could capture a third of incumbents’ business Results from a PwC survey released today, which assesses the rise of new technologies in the financial services (FS) sector and their impact on market ...
China’s regulator vows to get tough on online brokers
March 15th, 2016
China’s top banking regulator has vowed to crack down on illegal fundraising activities by unscrupulous online brokers and warned investors to be wary of their schemes. Shang Fulin, chairman of the China Banking Regulatory Commission, said at a news ...
Volkswagen Sued for $3.7 Billion in Germany Over Diesel Scandal
March 15th, 2016
Law firm filed case on behalf of 278 institutional investors Lawsuit argues VW disclosures to investors came too slowly Volkswagen AG is being sued for 3.3 billion euros ($3.7 billion) over the cover-up of its polluting diesel engines, its ...
Russia’s Oil Dilemma, Explained
March 9th, 2016
Kremlin needs to plug hole in budget stemming from crude slump Higher tax could cause output to drop from post-Soviet record While the world focuses on Russia’s Oil-freeze talks with OPEC, there are discussions behind closed doors in the Kremlin ...
Saudi Arabia to hold out bond mandate prospect to banks
March 8th, 2016
Banks were briefed that the largest lenders on the loan, which may be as much as $10 billion, will also probably be appointed to arrange the bond Dubai: Saudi Arabia is holding out the prospect of a role in ...
FCA launches ‘Live & Local’: a new regional programme to help local firms engage with regulators
March 2nd, 2016
The Financial Conduct Authority (FCA) has launched ‘Live & Local’, a regional programme which will include a series of events, workshops and roundtables, taking place across 12 regions in the UK. The programme will help firms in the investment, ...
