Search Results for: EC
Judge scolds Argentina, but no contempt order
August 22nd, 2014
Nation’s plan to evade legal orders, failing to make required payments to U.S. bondholders is illegal. According to a federal judge in Manhattan, Argentina’s plans to evade his orders by failing to make required payments to U.S. bondholders is ...
Federal court denies Allergan bid to speed insider trading suit
August 22nd, 2014
A federal judge in California on Thursday denied a request by Allergan Inc to expedite its civil suit claiming that Valeant Pharmaceuticals International Inc and Pershing Square Capital Management engaged in insider trading ahead of their bid to buy ...
BofA settlement targets distressed borrowers
August 22nd, 2014
Bank must provide about $7 billion in aid to mortgage borrowers over four years. Bank of America’s $16.65 billion settlement with the federal and state authorities, targets low-income homeowners and distressed mortgage owners who were hit by the foreclosure ...
FASB proposes simpler accounting for fees paid to cloud service providers
August 21st, 2014
FASB on Tuesday issued a proposal designed to simplify the accounting for fees that public and private companies pay as customers in cloud-computing arrangements with third-party service providers. Rules exist under current GAAP addressing the accounting for cloud service ...
Futures edge higher ahead of Jackson Hole meeting, data
August 21st, 2014
U.S. stock index futures edged higher on Thursday, ahead of a flurry of economic data and the start of the meeting of top central bankers and economists in Jackson Hole, Wyoming. Policymakers are due to discuss the labor markets ...
G20 towards deal on ‘bail-in’ bond cushion for banks
August 21st, 2014
Government leaders are expected to agree in November that the world’s top banks must issue special bonds to increase the amount of capital which can be tapped in a crisis instead of calling on taxpayers to come to the ...
Free Money for Germany is Bad News for Euro
August 21st, 2014
When investors are willing to lend money to Germany for two years for free, at a zero interest rate, you know the euro project is in trouble again. Germany yesterday sold 4.04 billion euros ($5.3 billion) of notes that ...
ESMA issues response form for market abuse regulations
August 21st, 2014
The European Securities and Markets Authorities (ESMA), has issued a response form so that business participants can assist in the process of producing new rulings covering the field of market abuse. ESMA aims to protect all firms under its ...
FCA warns investors against clone firms
August 21st, 2014
Financial Conduct Authority (FCA), the British regulator has issued a warning against “AMT Markets” (www.amt-markets.co.uk) and “Euromax Finance Limited” (www.eurofinance.com) informing the investors that the two companies are the clones of the original ones. AMT Markets is the clone ...
Osborne accused of obstructing MPs over Co-op and Lloyds Bank deal
August 21st, 2014
George Osborne was accused of unreasonably withholding information on ministers’ meetings with Lloyds and Co-op bankers in a series of confrontational letters published yesterday. He was accused of obstructing MPs trying to work out whether the government pressured bank ...
