Search Results for: Bank of America
Can A Divided OPEC Agree On Anything In Doha?
April 6th, 2016
Only two weeks remain until the fated meeting between the OPEC countries and their counterparts from outside the organization, scheduled to take place in the Qatari capital of Doha on the coast of the Persian Gulf. The meeting could ...
Credit Suisse, HSBC dismiss ‘Panama Papers’ tax avoidance allegations
April 6th, 2016
Credit Suisse and HSBC, two of the world’s largest wealth managers, dismissed on Tuesday suggestions they were actively using offshore structures to help clients cheat on their taxes. Their comments came a day after a leak of four decades ...
Credit Suisse faces tough questions after $1 billion write-downs
April 5th, 2016
On Jan. 19, Credit Suisse (CSGN.S) Chief Executive Tidjane Thiam contacted the head of the Swiss bank’s markets business asking for more details about the fourth-quarter results at the trading division, according to materials seen by Reuters. Two-and-a-half months ...
A tale of two currencies
April 5th, 2016
There is a widespread and growing feeling that financial markets are slipping towards another crisis of some sort. In this article I argue that we are in the eye of a financial storm, that it will blow again from ...
Looming gasoline glut pulls down global crude oil prices
April 5th, 2016
Oil prices dropped for a third session on Tuesday, as weakening demand for gasoline and persistent doubts on whether crude producers will be able to reach an agreement to rein in a worldwide supply glut dragged on the market. ...
UBS, HSBC Offshore Dealings Thrust Into Panama Papers Spotlight
April 5th, 2016
Report describes UBS’s dealings with law firm Mossack Fonseca Both banks say they comply with laws for vetting customers UBS Group AG and HSBC Holdings Plc — two of the banks hardest hit amid a U.S. crackdown on customers’ illicit ...
PAYFORT integrates SADAD Account via FORT to further open up the world of ecommerce for Saudi consumers
April 4th, 2016
Next generation payment gateway, ‘FORT’, now allows merchants to offer even more online payment options in Saudi Arabia PAYFORT, the Arab world’s leading online payment service provider, and SADAD Payment System (SADAD) today announced the arrival of SADAD Service ...
The Rise of Robo-Advisors: Robo-advisor firm raises $100 Million in Funding
March 31st, 2016
If there was any doubt about the future of robo-advisors, the latest announcement from online advisor Betterment may quash it: The company says it has raised $100 million from investors in its latest round of funding. That’s the biggest round ...
Robert Kiyosaki And Harry Dent Warn That Financial Armageddon Is Imminent
March 31st, 2016
Financial experts Robert Kiyosaki and Harry Dent are both warning that the next major economic crash is in our very near future. Dent is projecting that the Dow will fall to “5,500 to 6,000 by late 2017″, and Kiyosaki ...
Barclays Warns Commodities May Slump on a `Rush for the Exits’
March 29th, 2016
Oil may drop to low $30s a barrel in selloff, Norrish writes Raw materials `vulnerable to a wave of investor liquidation’ Commodities including oil and copper are at risk of steep declines as recent advances aren’t fully grounded in ...
