Search Results for: Investment Association
HMRC error leaves VCTs unable to issue shares
April 25th, 2014
Venture Capital Trusts have been hoarding investor cash after an error from HM Revenue and Customs left the vehicles afraid of issuing new shares. New legislation introduced by the Treasury was intended to prevent VCTs from abusing their tax-efficient ...
UK SMEs are neglected at the critical growth stage, says new report
April 25th, 2014
Old Street Silicon Valley-style business ‘clusters’ vital for growth. Local Enterprise Partnerships not as effective as predecessor, say SMEs Initiatives aimed at helping the UK’s small and medium sized enterprises (SMEs) are failing at the critical growth stage of ...
Wall Street Bond Dealers Whipsawed on Bearish Treasuries Bet
April 22nd, 2014
Betting against U.S. government debt this year is turning out to be a fool’s errand. Just ask Wall Street’s biggest bond dealers. While the losses that their economists predicted have yet to materialize, JPMorgan Chase & Co. (JPM), Citigroup ...
High-Frequency Fight Starts in Foreign Exchange
April 17th, 2014
Foreign-exchange dealers say they have the solution to the high-frequency trades eroding banks’ profits across financial markets. A currency-dealing platform known as ParFX, established in 2011 by firms from Deutsche Bank AG to Citigroup Inc., was approached last month ...
FCA warning for a clone firm
April 14th, 2014
The Financial Conduct Authority (FCA), the British financial regulatory authority, has issued a Warning informing the investors that “AXA Investment Managers” (www.axa-im.co.uk) is the clone firm of the FCA authorised firm “AXA Investment Managers UK Ltd” (www.axa-im.co.uk, retail.axa-im.co.uk). Therefore, FCA ...
Chinese Property Developers Stake Out Shares In Commercial Banks, Intensifying Systemic Risks
April 14th, 2014
Major Chinese property developers have in recent months been buying increasingly large stakes in regional banks, posing risk that an unravelling in the real estate market could leave both lenders and builders confronting losses big enough to pose a ...
Regulators suggest firms take deep dive into audit quality
April 11th, 2014
While acknowledging that auditors are under unprecedented scrutiny, an international association of audit regulators is asking audit firms to analyze causes of problems in audits globally in hopes of finding remedies. Lewis Ferguson, chair of the International Forum of ...
FCA warning for clone company
March 28th, 2014
The Financial Conduct Authority (FCA), the British financial regulatory authority, has issued a Warning informing the investors that “RBC Wealth Management/ Royal Bank of Canada Wealth Management” is a clone company. FCA highlights that the following Genuine Firms that fraudsters ...
IMF throws Ukraine financial lifeline, Russian economy to slump
March 27th, 2014
Ukraine won a $27-billion international financial lifeline on Thursday, rushed through in the wake of Russia’s annexation of Crimea, as Moscow’s economy minister spoke of the cost of military action in its former Soviet neighbor. The International Monetary Fund ...
Italians Join Greeks Selling Bank Stock to Once-Wary Investors
March 27th, 2014
Eight Italian banks are preparing to sell at least 8 billion euros ($11 billion) of stock to shore up their balance sheets, as nations shunned during the sovereign-debt crisis return to favor with investors. Leading the pack is Banca ...
