Search Results for: Audi
SpectroCoin Launches Bitcoin-to-Cash Service in 25 Countries
November 20th, 2014
SpectroCoin is now allowing its customers to convert bitcoin into cash in 25 countries across Europe and Central Asia. The announcement is the latest from the UK and Lithuania-based bitcoin services provider, which added merchant processing to its existing brokerage and ...
Wall Street Used Commodities Storage, Tankers for Unfair Gain, Senate Panel Finds
November 20th, 2014
Wall Street’s biggest banks have used their ownership of metals warehouses, oil tankers and other commodities businesses to gain unfair trading advantages and dominate markets, according to a U.S. Senate investigation. In a report on Goldman Sachs Group Inc., ...
Yahoo to replace Google as default search engine on Firefox in US
November 20th, 2014
Yahoo will replace Google as the default search engine on the Firefox web browser in the US, signalling Yahoo’s resolve to regain some of the ground that it has lost in the most lucrative part of the internet’s ad market. The ...
FCA fines RBS, NatWest and Ulster Bank Ltd £42 million for IT failures
November 20th, 2014
The FCA has taken this action against the Banks for failing to put in place resilient IT systems which could withstand, or minimise the risk of, IT failures. The actual cause of the IT incident was a software compatibility ...
Islamic finance body AAOIFI to revise four standards, eyes sukuk
November 20th, 2014
The Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) will revise four of its standards in the first half of next year while expanding its guidance for Islamic bonds, the industry body said. Earlier this month, AAOIFI issued ...
Cheap-Oil Era Tilts Geopolitical Power to U.S.
November 20th, 2014
A new age of abundant and cheap energy supplies is redrawing the world’s geopolitical landscape, weakening and potentially threatening the legitimacy of some governments while enhancing the power of others. Some changes already are evident. Surging U.S. oil production enabled America ...
Chief legal ombudsman quits after accounts probe
November 19th, 2014
The chief legal ombudsman has resigned from his £161,000 post following a dispute in relation to the unpublished annual accounts of the complaints service. A spokesman for the ombudsman’s office said this morning: ‘We can confirm that Adam Sampson ...
Technology In Accounting: Banks Should Mind the Gap
November 19th, 2014
Financial institutions often turn to technology to meet increases in regulatory and reporting demands, dedicating large and ever-increasing portions of their budgets each year to investments in tools and solutions that promise to help meet new regulatory requirements and ...
Islamic finance body AAOIFI to discuss global accounting standards
November 18th, 2014
The Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) is engaging its counterpart in conventional finance to discuss the convergence of corporate accounting standards. The move is a shift in approach by AAOIFI, which has traditionally developed accounting standards ...
Pakistan regulators merging three Islamic investment firms
November 17th, 2014
Pakistan regulators are merging three small Islamic investment firms after the central bank took control of Karachi-based KASB Bank Limited, accelerating efforts to strenghten financing by investment partnerships. Last week, the government directed the central bank to reorganize or amalgamate ...
