Search Results for: Banks
Dukascopy Group expands in Shanghai
July 4th, 2014
Dukascopy Bank has officially announced the opening of Dukascopy (Shanghai) Business Consulting Co., a member of Dukascopy Group in Shanghai, China, on 15th of May 2014. This office aims at supporting non-regulated activities of Dukascopy Group such as financial ...
Piketty with Chinese Characteristics
July 4th, 2014
In his bestselling book Capital in the Twenty-First Century, Thomas Piketty argues that capitalism aggravates inequality through several mechanisms, all of which are based on the notion that r (the return on capital) falls less quickly than g (growth ...
Rupee retreats from lows as cbank steps up dollar purchases
July 4th, 2014
Rupee was trading at 59.80/81 versus its close of 59.73/74 as the central bank steps down dollar purchases while a fall in the domestic sharemarket also hurts. Dealers say the central bank has been spotted buying dollars sporadically via ...
Barclays chairman warns on FX regulation
July 4th, 2014
The foreign exchange market needs “fine tuning” rather than heavy handed reform, the chairman of Barclays argued on Thursday, as he unveiled a new compliance academy aimed at raising standards within the bank. Sir David Walker said that while ...
Singapore Says More Overseas Criminals Seek Bank Accounts
July 2nd, 2014
Singapore prosecuted a record number of money laundering cases and seized more than S$115 million ($92 million) of suspected criminal proceeds in 2013 as more overseas offenders seek out bank accounts in the city. “Singapore’s openness as an international ...
ESMA: Short guide for retail investors
July 1st, 2014
The European Securities and Markets Authority (ESMA) has published a short guide for retail investors explaining the impact of the changes to be made in investor protection under the MiFID II reform. It highlights some of the most important ...
Ex-Jefferies Trader Deserves 9-Year Sentence, U.S. Says
July 1st, 2014
Ex-Jefferies & Co. Managing Director Jesse Litvak, who was convicted earlier this year of fraud in the trading of mortgage-backed securities, should be sentenced to nine years in prison, the U.S. said. Litvak was convicted in the only criminal ...
Taking Systemic Risk Seriously
June 30th, 2014
There are two leading views about the world’s financial system. The first, heard mostly from executives at leading global banks and their allies, is that the system is safer than it has ever been. According to this view, the ...
BIS warns over ‘Euphoric’ capital markets
June 30th, 2014
The Bank for International Settlements (BIS) has warned that “euphoric” financial markets have become detached from the reality of a lingering post-crisis malaise, as it called for governments to ditch policies that risk stoking unsustainable asset booms. While the ...
Small business bill: HMRC to share VAT data with credit agencies
June 26th, 2014
Under the guise of increasing access to finance, the government brought forward proposals to make VAT registration data available to third parties in the Small Business, Enterprise and Employment Bill published yesterday. As previewed in the Queen’s speech, the ...