Search Results for: Vest Financial
Prudential Regulation Authority and Financial Conduct Authority consult on proposals
July 30th, 2014
The Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) have today published two joint consultation papers aimed at improving individual responsibility and accountability in the banking sector. These changes include a new approval regime for the most senior individuals ...
AstraZeneca invests in Almirall lung drugs up to $2.1 billion
July 30th, 2014
AstraZeneca (AZN.L) took a major step to build up its respiratory medicine business on Wednesday by striking a deal worth up to $2.1 billion for the rights to Spanish group Almirall’s (ALM.MC) lung drugs. The British drugmaker, which resisted ...
CySec: acquisition of CIF (Cyprus Investment Firms) licence
July 28th, 2014
The Cyprus Securities and Exchange Commission (CySec) the Cypriot financial regulatory authority, has announced that “P.M. Investment Capital Limited ” has successfully obtained the CySec license for CIF (Cyprus Investment Firms). The firm is now authorised to operate legally under ...
IFRS 9 Financial Instruments issued by IASB
July 24th, 2014
The International Accounting Standards Board (IASB) issued today IFRS 9 Financial Instruments to complete the final element of its comprehensive response to the financial crisis. The new model removes complexity associated with previous accounting requirements. Hans Hoogervorst, Chairman of ...
New York Fed Censured Deutsche Bank Over Inaccurate, Unreliable Financial Reporting
July 23rd, 2014
The Federal Reserve Bank of New York found several deficiencies in the way German lender Deutsche Bank AG’s (NYSE:DB) U.S. unit was reporting its financial data, which, according to a Wall Street Journal report Tuesday, the company had known ...
Moody’s: Middle East investment grade companies face $91 billion in refinancing needs
July 23rd, 2014
According to Moody’s Investors Service, Middle East investment grade companies face refinancing needs of about $91 billion from bank and bond debt due to mature over the next four years. This accounts for approximately eight per cent of total ...
SEC Charges Investor Relations Executive With Insider Trading While Preparing Clients’ Press Releases
July 22nd, 2014
The Securities and Exchange Commission today charged a partner at a New York-based investor relations firm with insider trading on confidential information he learned about two clients while he helped prepare their press releases. The SEC alleges that Kevin ...
Saudi Arabian stock market to open to foreign investors
July 22nd, 2014
Saudi Arabia’s stock market will open up to foreign investors for the first time, the country has announced. The move, which should happen in the first half of 2015, sparked a 3% rise in the Tadawul index in early ...
CySec: acquisition of CIF (Cyprus Investment Firms) licence
July 18th, 2014
The Cyprus Securities and Exchange Commission (CySec) the Cypriot financial regulatory authority, has announced that “Goldenburg Group Limited” has successfully obtained the CySec license for CIF (Cyprus Investment Firms). The firm is now authorised to operate legally under the ...
Central Bank of Ireland Issues Warning on Unauthorised Investment Firm
July 17th, 2014
The Central Bank of Ireland has published the name of an unauthorised investment firm, Hopler Global Investment Group (Hong Kong). Hopler Global Investment Group (Hong Kong) is not authorised as an investment firm by the Central Bank. A list ...
