Search Results for: Swiss bank
UBS to settle over precious metals misconduct allegations as part of forex market rigging probe
November 10th, 2014
UBS are expected to strike a settlement with financial regulators over allegations of misconduct at its precious metals trading business. The settlement will form a part of a £1.5bn agreement the Swiss lender is due to make with five ...
Barclays Third-Quarter Profit jumps, sets aside FX probe
October 30th, 2014
Barclays Plc (BARC), the U.K.’s second biggest bank by assets, said third-quarter profit unexpectedly rose in the third quarter as the bank set aside 500 million pounds ($799 million) to settle probes into currency markets. Adjusted pretax profit rose ...
Friday October 24: OSB Daily Technical Analysis- Currency pairs
October 24th, 2014
OSB Daily Technical Analysis for October 24, 2014 EUR/USD closed essentially unchanged on Thursday forming a hammer. This market does not currently have the strength to push higher. Resistance at 1.28 is strong and any push above is likely ...
Credit Suisse Profit More Than Doubles as Trading Rises
October 23rd, 2014
Credit Suisse Group AG (CSGN), Switzerland’s second-biggest bank, reported an increase in third-quarter profit driven by a surge in revenue at the investment bank, while earnings in other businesses fell. The group’s net income jumped to 1.03 billion Swiss ...
Forex-Rigging Fines Could Hit $41 Billion Globally: Citi
October 21st, 2014
The cost for banks to settle probes into allegations traders rigged foreign-exchange benchmarks could hit as much as $41 billion, Citigroup Inc. (C) analysts said. Deutsche Bank AG (DBK) is seen as probably the “most impacted” with a fine ...
Switzerland Extends Olive Branch To India On Tax
October 20th, 2014
Swiss authorities have confirmed that, if asked, they will assist India in efforts to confirm the genuineness of bank documents and will swiftly provide information on requests relating to non-banking dossiers. The commitment was made in a joint statement ...
U.S. Dollar Recovers Slightly on Favorable U.S. Monetary Policy View
October 17th, 2014
The U.S. dollar recovered against a basket of major currencies on Thursday on the view that Wednesday’s selloff was overdone given the relative strength of the U.S. economy and the Federal Reserve’s commitment to tightening U.S. monetary policy. A ...
OSB Daily Technical Analysis – Currency pairs
September 8th, 2014
OSB Daily Technical Analysis for September 8, 2014 EUR/USD Profit taking and a higher close in the EURUSD on Friday following Thursday’s sharp decline. Failure to trade intraday above 1.30 suggests this round figure is a strong resistance level ...
Switzerland, Estonia Agree Double Tax Pact Change
September 1st, 2014
Switzerland and Estonia have signed a protocol to their double taxation agreement (DTA) to cut withholding tax rates and provide for the exchange of information on request. The protocol places a maximum tax withholding tax rate on dividends of ...
OSB Daily Technical Analysis – Currency pairs
September 1st, 2014
OSB Daily Technical Analysis for September 1st, 2014 EUR/USD Strong downward pressure for the EUR/USD on Friday closing at the lows of the day and below support of 1.3150. The next support level is at 1.31 which is ...
