Search Results for: Citi
International and regional bodies that combat money laundering (part C)
March 9th, 2015
Introduction Money laundering is a global phenomenon that thrives parasitically on the world’s financial markets. It ignores national boundaries in much the same way that the financial market place does. It has been accepted that this problem requires both ...
China stocks fall as IPO burst raises liquidity concerns; HK also down
March 9th, 2015
China stocks sank on Monday morning amid worries over tighter liquidity as 23 companies are poised to sell shares publicly this week, potentially locking over 3 trillion yuan ($478.84 billion) of capital. The decline was led by brokerages, which slumped after China’s ...
Greece warns of referendum ahead of debt deal meeting
March 9th, 2015
Greek Finance Minister Yanis Varoufakis upped the stakes sharply ahead of Monday’s crucial Eurogroup meeting in Brussels by raising the prospect of Greece holding new elections or even a referendum on any debt deal. If eurozone ministers fail to ...
Companies Dropping the Ball on Risk, Compliance
March 5th, 2015
Companies are woefully unprepared to deal with the increasingly challenging risk and compliance environment, and the blitz of devastating corporate blunders witnessed in 2014 will recur, and then some, this year, says Forrester Research in a scathing new report. ...
Banks brace for Fed capital buffers inspection
March 5th, 2015
The largest U.S. banks and their foreign rivals are facing a tough two-step check-up of their financial health by the Federal Reserve, forcing the firms to get a far better grip on how they measure risk. In its annual ...
Varoufakis’ 6 reforms: 3 for humanitarianism + 3 for tax
March 4th, 2015
Greek Finance Minister Yanis Varoufakis is heading to the Eurogroup meeting of the euro area’s finance ministers on Monday with six proposals aimed at appeasing them. In an effort to reach a compromise, he is pulling back the proposal ...
Sharp Said to Consider New Loans, Equity Options for Funding
March 4th, 2015
Sharp Corp. is considering a range of financing options, including the sale of new shares to business partners and additional bank loans, in an effort to restructure its debt, according to people familiar with the matter. The options also ...
Shanghai’s Free-Trade Zone Fails to Impress U.S. Companies
March 4th, 2015
U.S. companies in Shanghai are skeptical about the business benefits of the city’s pilot free-trade zone and have echoed concerns by American companies elsewhere in China about growing antiforeign sentiment and slowing economic growth. An annual survey released on ...
Six Reasons Why Economists Should Say Less About “Competition”
March 3rd, 2015
A short essay of mine titled “The Blurry Line Between Competition and Cooperation,” was published a month ago at the Library of Economics and Liberty website. I argued that the rule-based competition in economic markets is inextricably intermingled with ...
Barclays posts ‘messy’ full-year loss as shares fall
March 3rd, 2015
U.K bank Barclays posted a loss in its statutory full-year earnings on Tuesday as it set aside more money for potential fines related to its foreign exchange operations. Adjusted pre-tax profit increased by 12 percent in 2014 to £5.5 ...
