Search Results for: regulators
Credit Suisse Reaches Tentative $85 Million Settlement on ‘Dark Pool’ Probe
September 15th, 2015
Bank to pay $30 million to New York, $55 million to federal authorities Credit Suisse Group AG, one of the biggest operators of a “dark pool,” reached a tentative agreement to pay around $85 million to New York and federal ...
EY reports 2015 global revenues up by 11.6%
September 15th, 2015
Fastest growth since 2008 with revenues up by 11.6% in local currency Growth across all four service lines and four geographic areas Emerging market practices’ revenue up by 12.3% Developed markets’ growth led by the US, UK, Germany, Australia ...
CySec announced that a firm has obtained license for CIF
September 15th, 2015
The Cyprus Securities and Exchange Commission (CySec), the Cypriot financial regulatory authority, has announced that “Eurotrade Investments RGB Ltd“ has successfully obtained the CySec licence for CIF (Cyprus Investment Firms). The firm is now authorised to operate legally under ...
China Stocks Pull Asian Markets Lower
September 14th, 2015
Investors are concerned about both a slowdown in China and this week’s U.S. Federal Reserve meeting China shares finished lower in tumultuous trading Monday, as weak data on Chinese factory output pulled prices down despite apparent efforts by Beijing ...
PwC UK achieves strong growth: 2015 financial highlights
September 14th, 2015
Firm launches innovative digital annual report PwC, the professional services firm, has today (14 September) reported revenue growth of 10 percent to £3,083 million for the year ended 30 June 2015, up from £2,814 million the previous year. Profits ...
FSC Mauritius warns on a firm claiming to hold an Investment Dealer Licence
September 14th, 2015
The Financial Services Commission, Mauritius (the “FSC Mauritius”) has issued a warning to alert public with regards to BANK CAPITAL-INVESTMENT MANAGEMENT (“BANK CAPITAL”). The FSC Mauritius has recently been apprised that BANK CAPITAL is claiming to be regulated by the ...
Traders’ Phones Are Becoming a Zone of Total Surveillance
September 14th, 2015
At large banks, regulatory requirements and new technology change how conversations are conducted Wall Street has a message for its traders: Watch what you say. At large banks in the U.S. and Europe, traders’ everyday activities are being recorded ...
Chinese shares lead Asia lower on economic fears
September 14th, 2015
Mainland Chinese shares led the rest of the region lower as a raft of government data over the weekend pointed to more signs of weakness in the Chinese economy. Growth in both fixed-asset investment, up 10.9% in August from a ...
CySec issued warning for an Unauthorised Firm
September 10th, 2015
The Cyprus Securities and Exchange Commission (CySec), the regulatory authority in Cyprus, has issued a press release to warn public in relation with an Unauthorised Firm. Specific, CySec warns that the company ‘Fundsaver Services Ltd’ (www.ubroker.com): 1. Is not ...
Former Citi trader tells court information-sharing was common practice: Update
September 9th, 2015
A former Citigroup foreign exchange trader claiming unfair dismissal after a currency rigging scandal told a London court on Tuesday that the activities for which he was fired were common practice at the U.S. bank at that time. Perry ...
