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Commonwealth report calls for clearer legislation for virtual currencies

February 5th, 2016 (0)
Virtual currencies offer countries a cost-effective, fast and accessible alternative to settling financial payments, but unclear laws and regulations are preventing their responsible development and encouraging their exploitation by criminals, says a new Commonwealth report. Virtual currencies, which allow ...

FXCM Amends Stockholder Rights Plan

January 27th, 2016 (0)
FXCM Inc. (NYSE:FXCM), announced that its board of directors has voted to extend and amend the terms of the company’s stockholder rights plan. The rights have been amended in order to protect the interests of the company and its ...

Goldman Sachs and Morgan Stanley Cut Chiefs’ Pay

January 25th, 2016 (0)
Goldman Sachs and Morgan Stanley have both cut the pay packages of their chief executives after a year when Wall Street was challenged by increased regulation and market turmoil. Goldman Sachs, the most closely followed firm on Wall Street, said on Friday ...

Out of the mouths of babes…

January 22nd, 2016 (0)
Parents will tell you the most difficult questions to answer sometimes come from their children. Here are some apparently innocent questions to ask of economists, journalists, financial commentators and central bankers, which are designed to expose the contradictions in ...

Deutsche Bank reports preliminary full year and fourth quarter 2015 results

January 21st, 2016 (0)
Deutsche Bank (XETRA: DBKGn.DE/NYSE: DB) today announced that it expects to incur a number of charges that will contribute to an overall loss for the fourth quarter 2015: Expected litigation charges of approximately EUR 1.2 billion, the majority of ...

KPMG withdraws audit opinions on CFTC over accounting error

January 20th, 2016 (0)
The U.S. regulator that polices the complex derivatives markets is struggling to keep its own books in order and has made a material error that its auditor found so significant that it withdrew nearly a decade of its financial ...

IG Group:Interim Results 2016

January 19th, 2016 (0)
H1 2016 results IG Group today issues its results for the first-half of the financial year ending 31 May 2016. Main highlights of the results included: Solid and consistent performance in the first half Net trading revenue(1) up 8.8% ...

Iran Nuclear Deal Stokes Anxiety Among Its Rivals

January 18th, 2016 (0)
Foes worry about how Tehran will use billions of dollars of unfrozen oil receipts Iran celebrated the removal of economic sanctions on Sunday, even as regional rivals warned that it was still out to destabilize the Middle East and ...

imaginBank, Spain’s first mobile-only bank for millennials

January 14th, 2016 (0)
CaixaBank creates a new banking model, which can be accessed exclusively through mobile apps. The new bank emerges on the market with a complete range of commission-free products and services, including current accounts, debit cards, consumer loans, personal finance ...

Rule of law in Poland: Commission starts dialogue

January 14th, 2016 (0)
The Commission discussed the respect of the Rule of Law in Poland and launched a dialogue under the Rule of Law Framework. It also discussed migration, the Investment Plan for Europe, a pillar of social rights and the treatment ...
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