Search Results for: Banks
Iceland Looks At ‘Exit Tax’ For Foreign Investors
December 12th, 2014
Iceland appears to be looking to remove its capital controls early in 2015, but would, at the same time, impose an “exit tax” on those foreign investors who have been unable to retrieve their funds that were locked in ...
Lending Club: The shares of the world’s largest peer-to-peer lender
December 12th, 2014
Shares in Lending Club, the world’s largest peer-to-peer lender, have surged 56% to $23.43 (£15) per share in their New York Stock Exchange debut. That values the firm at $8.5bn, indicating strong investor interest in the Lending Club’s micro-loan ...
HSBC sets aside head of European forex trading
December 11th, 2014
HSBC has sacked its European currency trading chief in the wake of a huge $618m (£394m) fine for manipulating the £3.3trn a day foreign exchange market. The bank is understood to have “let go” Stuart Scott on Tuesday following ...
The Quindell share price fiasco should not dent faith in the robust Aim market
December 10th, 2014
The AIM market, the London Stock Exchange’s junior market, has been subjected to an unprecedented level of criticism over recent weeks. The fiasco at Quindell, which saw another twist this week, as the company called in PwC to review ...
Sony CEO Cleared Scenes in Film on North Korea, E-Mails Show
December 10th, 2014
Sony Corp. (SNE) Chief Executive Officer Kazuo Hirai personally approved scenes in “The Interview,” the Seth Rogen film that angered North Korea and may have prompted a cyber attack on the company’s Hollywood film studio, according to e-mails made ...
Congress reaches deal for $1.1 trillion U.S. spending bill
December 10th, 2014
Congressional negotiators unveiled a $1.1 trillion U.S. spending bill that aims to avoid a government shutdown at midnight on Thursday and punts an immigration showdown between Republicans and President Barack Obama until February. As the funding deadline loomed, Republicans successfully negotiated ...
What type of liquidity does Cyprus need?
December 9th, 2014
There has been a lot of discussion recently, especially after the successful outcome from the stress tests of our main banks, that it’s time for the banks to start offering liquidity to the market to fund growth in our ...
ERPB to address instant payments in euro and remaining SEPA issues
December 9th, 2014
Instant payments with immediate availability of funds are the industry’s next frontier Aim is to take advantage of integration already achieved with SEPA and avoid the development of a fragmented market in Europe In its second meeting, on 1 ...
SNB Threatening Negative Rate Awaits Draghi’s Next Move
December 9th, 2014
Swiss National Bank officials have their eyes on one man: Mario Draghi. The prospect of the European Central Bank intensifying stimulus by purchasing government bonds has weakened the euro, pushing the franc to within 0.2 percent of the SNB’s ...
Netherlands Growth Prospects Remain Subdued
December 8th, 2014
The Dutch Central Bank on Monday said the Netherlands is emerging from a lengthy economic crisis but that growth prospects remain subdued as a result of a weakening global economy. The central bank said it expects Dutch gross domestic ...
