Search Results for: equity markets
Abu Dhabi’s FGB completes stake sale in brokerage
March 27th, 2015
First Gulf Bank, the second largest lender by market capitalisation in the UAE, has said a deal to sell its 45 percent stake in brokerage First Gulf Financial Services to an Abu Dhabi investment company has been completed. FGB, ...
The tiny broker who won on the Swiss Franc shock
March 25th, 2015
Some of the big guys lost on the Swiss franc. Turns out, one of the little guys won. While the likes of Citigroup Inc. and Saxo Bank A/S got stung when Switzerland abruptly let the franc soar in mid-January, ...
Hogan Lovells Advises Optimal Payments Plc on €1.1 Billion Transformational Skrill Acquisition
March 24th, 2015
Hogan Lovells has advised Optimal Payments Plc on the €1.1 billion acquisition of Sentinel Topco Limited and its subsidiaries (Skrill Group) from Sentinel Group Holdings S.A, which is ultimately majority owned by funds managed and advised by CVC Capital ...
Lloyds sells 50% of TSB to Spain’s Sabadell bank
March 20th, 2015
Catalan bank buying TSB for £1.7bn is one of few banks to emerge stronger from financial crisis in Spain TSB has agreed a £1.7bn takeover by Spain’s Banco de Sabadell, with Lloyds Banking Group selling its 50% stake in the UK ...
World’s First Self-Directed, Gold-Backed Currency Mechanism
March 17th, 2015
Global Payout, Inc. (OTC Pink: GOHE), a leading provider of international electronic payment solutions, announced today that it has completed the formation of a joint venture that will launch the world’s first, self-directed, and gold-backed currency hedge mechanism in ...
Moscow Exchange announces results for the full year 2014
March 12th, 2015
Moscow Exchange (MOEX) today announces its financial results under International Financial Reporting Standards (IFRS) for the year ended 31 December 2014. Higher volumes on the FX, Equities and Money Markets, as well as increased interest income and fees from ...
Goldman Sachs Report Says Bitcoin Could Shape ‘Future of Finance’
March 12th, 2015
Bitcoin and cryptocurrencies are part of a technology “megatrend” that could change the fundamental mechanics of transactions, according to a new report from Goldman Sachs‘ equity research analysts. Bitcoin, along with improved payment security, ‘big data’ analytics and faster ...
Reserve Bank of New Zealand: OCR unchanged at 3.5 percent
March 12th, 2015
Statement issued by Reserve Bank Governor Graeme Wheeler: The Reserve Bank (RBNZ) today left the Official Cash Rate unchanged at 3.5 percent. Global financial conditions remain very accommodative, and are reflected in high equity prices and record low interest ...
Big Banks Struggle to Pass Fed’s ‘Stress Tests’
March 12th, 2015
Bank of America must resubmit proposal to address certain weaknesses Four of the biggest names on Wall Street struggled to pass the Federal Reserve’s 2015 “stress tests,” and the U.S. units of two foreign banks fell short, underscoring the ...
Asia stocks regain footing after US rate hike jitters fade
March 12th, 2015
Asian stock markets mostly rose Thursday, finding a firmer footing after several days of volatile trading linked to anxiety over a probable rate hike in the U.S. KEEPING SCORE: Japan’s Nikkei 225 stock index rose 1.2 percent to 18,945.97. ...
