Search Results for: IG Group
International Telecom Group offices raided over money laundering and tax fraud suspicion
June 22nd, 2016
Nineteen people have been arrested and nine of them charged with money laundering after BuzzFeed News revealed Lycamobile’s “deeply suspicious” cash movements. The Conservative party’s biggest donor, the telecoms giant Lycamobile, has been raided by French police on suspicion ...
Foreign-Exchange Traders Staff Up for Brexit
June 21st, 2016
Many banks have slashed currencies-trading staff; now they are girding for an anticipated surge of activity stemming from this week’s U.K. vote Scott Schultz won’t be making any social plans for this Thursday evening. The co-head of foreign-exchange trading at ...
Bank of Tokyo-Mitsubishi will develop its own digital currency
June 16th, 2016
Bank of Tokyo-Mitsubishi UFJ confirmed on Tuesday it is conducting experiments on a digital currency utilizing the technology behind the virtual currency bitcoin. The statement came following a report from the Asahi Shimbun newspaper last week that the bank ...
China opens its huge 8.4 trillion payment cards market to foreign firms
June 10th, 2016
China will allow foreign payment card companies to operate in the country under rules issued on Tuesday, potentially giving groups like Visa Inc (V.N) and MasterCard (MA.N) access to its 55-trillion-yuan ($8.4 trillion) card payment market. Visa and MasterCard, ...
FRC to investigate Deloitte
June 9th, 2016
The Financial Reporting Council (FRC) has launched an investigation under the accountancy scheme into Deloitte LLP, in relation to the preparation, approval and audit of the financial statements of companies within the Serco group. The investigation is for the financial ...
Oil hovers near eight-month highs on U.S. inventory draw
June 8th, 2016
Oil prices rose for a third day to their highest in about eight months on Wednesday, helped by industry data showing a larger-than-expected drawdown in U.S. crude inventories, worries about attacks on Nigeria’s oil industry and strong Chinese demand. ...
Tullett and ICAP merger faces an in-depth investigation
June 8th, 2016
Tullett’s anticipated acquisition of ICAP’s voice/hybrid broking business faces being referred for an in-depth investigation by the CMA. Tullett Prebon plc (Tullett) and ICAP plc (ICAP) are leading global interdealer brokers, companies that typically sit between investment banks helping to find buyers ...
Global audit group Mazars appoints new tax partner
June 8th, 2016
MAZARS has appointed tax specialist Gary Collins as tax partner. He will be responsible for the tax offering across the East Midlands at Mazars, and will be based out of both the firm’s Leicester and Nottingham offices. Collins, who retired ...
Visa introduced Digital Commerce App that enables financial insitutions to grow their mobile capabilities
June 8th, 2016
Visa Inc. (NYSE:V) introduced the Visa Digital Commerce App, an issuer-branded mobile commerce solution that enables financial institutions to offer their own mobile app to customers with valuable card management services – ultimately expanding and strengthening their Visa credit, debit ...
Monex Group released business metrics for May 2016
June 3rd, 2016
Monex Group Inc. announcement May 2016 business metrics: Monthly Disclosure Monex Group, Inc. today reported the following monthly business metrics of its subsidiaries in May 2016. (Notes) 1. DARTs stand for Daily Average Revenue Trades meaning the number of ...
