Top Stories of the day June 26
June 26th, 2015
1. Citigroup Inc (C.N) will combine its retail banking and mortgage operations under Jonathan Larsen, according to an internal memo seen by Reuters, in the second senior promotion for a veteran of the bank’s Asian franchise this year. The ...
Another Week, Another Chinese Gold Mine
June 26th, 2015
Though the true amounts are debatable, it’s generally conceded that China is importing a lot of gold. What’s not included in this calculation — but should be — are the deposits its mining companies are acquiring overseas. This gold-in-the-ground ...
Regulatory Fine
June 26th, 2015
Global Regulators Cyprus Securities and Exchange Commission (CySec) Fines Imposed for Year 2015 and 2016
Global Index Ranks Countries Best Equipped to Thrive in the Face of Unprecedented Change
June 25th, 2015
2015 KPMG Change Readiness Index highlights the impact of inclusive growth and income inequality on the capacity for responding to change. KPMG International today released its 2015 Change Readiness Index (CRI), ranking 127 countries for their capacity to prepare ...
J.P. Morgan, SEC in Settlement Talks Over Product Steering
June 25th, 2015
J.P. Morgan, other banks have faced more scrutiny on conflicts policies from OCC J.P. Morgan Chase & Co. is in talks with the Securities and Exchange Commission to settle a probe into whether the bank inappropriately steered private-banking clients to ...
CFOs Say Keeping Up with Technology is No. 1 Concern
June 24th, 2015
What is the greatest source of pressure facing accounting and finance functions these days? According to a recent Robert Half Management Resources survey of 2,200 CFOs in more than 20 US markets, 41 percent said staying current with changing technology is ...
EBA: 51% Attack Remains Bitcoin’s Biggest Problem
June 18th, 2015
Bitcoin’s biggest problem is still the threat of a 51% attack, according to Dr Dirk Haubrich, head of consumer protection and financial innovation at the European Banking Authority (EBA). He said his main concern about the widespread adoption of ...
Federal Reserve issues FOMC statement
June 18th, 2015
Fed: Information received since the Federal Open Market Committee met in April suggests that economic activity has been expanding moderately after having changed little during the first quarter. The pace of job gains picked up while the unemployment rate ...
Noble Group Denies Repos Use, Slams Iceberg as Not Credible
June 17th, 2015
Asia’s largest commodity trader Noble Group Ltd. took on its critics today with an open letter defending its accounting methods and valuations of a coal asset. Noble has seen its shares drop more than 40 percent since a group ...
A study on Bitcoin use in UK
June 16th, 2015
UK based Bitcoin news site Miningpool.co.uk released the results of a study on bitcoin use in the UK. According to Mining Pool, The Bitcoin Poll reveals 3 surprising facts about UK Users While looking at the results of Miningpool.co.uk ...
