Search Results for: EBS
EU Market Rules, Logitech Probe, Finra Fines: Compliance
May 23rd, 2014
Europe’s capital markets are getting a new foundation. The 28-nation European Union’s top markets regulator yesterday made public more than 800 pages of proposed rules that cover everything from high-frequency trading curbs to transparency requirements for bond markets and ...
Important information for debt management customers
May 22nd, 2014
The Financial Conduct Authority (FCA), the British financial regulatory body has issued the following warning: People who have a debt management plan with Debt Help & Advice Ltd should cease making payments to the company immediately, the Financial Conduct ...
Wall Street Finds New Subprime With Brokers Pitching 125% Loans
May 22nd, 2014
Doug Naidus made his fortune selling a mortgage company to Deutsche Bank AG months before the U.S. housing market collapsed. Now he’s found a way to profit from loans to business owners with bad credit. From an office near ...
Solicitors reminded of responsibilities in disrupted criminal cases
May 22nd, 2014
The Solicitors Regulation Authority (SRA) has reminded solicitors in very high cost criminal cases (VHCCs) of their responsibilities following a number of calls to the Professional Ethics helpline. The SRA has received queries from solicitors who have sought to ...
eBay makes users change their passwords after hack
May 22nd, 2014
Online marketplace eBay is forcing users to change their passwords after a cyber-attack compromised its systems. The US firm said a database had been hacked between late February and early March, and had contained encrypted passwords and other non-financial ...
Facebook, Google Balk at Loophole in Bill to Rein in NSA
May 22nd, 2014
A group of technology companies, including Facebook Inc. (FB), Google Inc. (GOOG) and Apple Inc. (AAPL), said the bill U.S. lawmakers plan to vote on today to limit National Security Agency spying doesn’t go far enough. The legislation “has ...
JPMorgan’s Problem of “Sons and Daughters” program is widely practice
May 22nd, 2014
The long investigation of JPMorgan’s hiring practices in China has reached a milestone: A Hong Kong anti-corruption organization has formally arrested Fang Fang, the bank’s former vice president of investment banking in Asia. Fang Fang, who has been released ...
SFC reprimands and fines ICBC International Capital Limited and ICBC International Securities Limited
May 21st, 2014
The Securities and Futures Commission (SFC) has reprimanded ICBC International Capital Limited (ICBCI Capital) and ICBC International Securities Limited (ICBCI Securities) (collectively ICBCI) and fined them $12.5 million respectively in relation to their role in the initial public offering ...
CySec: regarding the harmonized implementation of T+2 as standard settlement
May 20th, 2014
CySec has issued a press release regarding the harmonized implementation of T+2 as standard settlement period in OTC Secondary Markets for transferable government securities as of 6 October 2014 by the 28 member states, as follows: The text of the ...
Marks and Spencer sees profits fall
May 20th, 2014
Marks and Spencer has reported a 3.9% fall in underlying annual profit to £623m, the third consecutive year its profits have fallen. The retailer also said that group sales rose by 2.7% to £10.3bn in the year to 29 ...
