Search Results for: ELA
HSBC bosses Stuart Gulliver and Douglas Flint apologise to MPs over Swiss private banking scandal
February 26th, 2015
Stuart Gulliver, HSBC‘s chief executive and Douglas Flint, the embattled bank’s chairman, have apologised for “unacceptable” practices at its Swiss private banking arm. During questioning by the Treasury Select Committee, Gulliver admitted the scandal had caused “damage to trust” in HSBC, ...
Apple Throws a Wrench Into Nasdaq’s Gearbox
February 26th, 2015
Shares of tech company slump, helping to end a 10-day winning streak for the index The Nasdaq Composite Index’s longest winning streak in more than five years ended with a whimper at the hands of a surprising culprit: a pullback in ...
Accountants could face tax evasion charges
February 25th, 2015
The chief secretary to the Treasury, Danny Alexander, has called for organisations including accountants, to be prosecuted if they facilitate tax evasion by their clients. The Lib-Dem minister wants to push through new legislation before the general election on 7 ...
FCA fines Aviva Investors £17.6m for systems and controls failings
February 25th, 2015
“The Financial Conduct Authority (FCA) has fined Aviva Investors Global Services Limited (Aviva Investors) £17,607,000 for systems and controls failings that meant it failed to manage conflicts of interest fairly. These weaknesses led to compensation of £132,000,000 being paid ...
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 ...
Advanced Payment Solutions (APS) links up with Post Office to become the first FinTech non-bank to offer banking services through its network
February 24th, 2015
APS Cashplus account holders can now access real time banking services through the Post Office’s 11,500 branches Advanced Payment Solutions, a leading FinTech player and alternative provider to traditional banks is announcing today a link up with the Post ...
Switzerland, Italy Sign Landmark Double Tax Protocol
February 24th, 2015
Switzerland and Italy have signed a protocol to their double tax agreement (DTA) and a roadmap for tax cooperation – deals that the Swiss Government says will improve relations after years of controversy. The DTA protocol was initialed on ...
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 ...
FIX Trading Community Releases Best Practices Document for IPO Process
February 24th, 2015
FIX Trading Community, the non-profit, industry-driven standards body at the heart of global financial trading, today announced the release of a Best Practices document for the automation of the Initial Public Offering (IPO) process. In 2014, a number of ...
Greece submits proposed reforms in bid for loan extension
February 24th, 2015
Greece has submitted a list of reform proposals to its bailout creditors, the European Commission says. The list was received “on time” before a Monday deadline, a spokesman tweeted. The measures include combating tax evasion and tackling the smuggling ...
