Search Results for: EC
FCA warning for clone company
March 26th, 2014
The Financial Conduct Authority (FCA), the British financial regulatory authority, has issued a Warning informing the investors that Traders Trust Capital Markets Ltd (www.fxttcm.co.uk , www.fxttcm.co.uk/En/) is a clone firm and thus, is not permitted to provide financial services or ...
Santander UK fined for widespread investment advice failings
March 26th, 2014
The Financial Conduct Authority (FCA), the British financial regulatory authority, has fined Santander UK Plc the amount of £12,377,800 after the regulator uncovered serious failings in the way it offered financial advice from its bank. In particular, there was a ...
Oculus Deal Said to Deliver 20-Fold Return to Spark and Matrix
March 26th, 2014
Spark Capital invested in Oculus VR Inc. in June after the firm’s partners bought the company’s virtual-reality goggles online. The bet ended in a 20-fold gain following Facebook Inc.’s agreement yesterday to buy Oculus for as much as $2.3 ...
EUR/USD fails at 1.3845/31
March 26th, 2014
Pair’s Outlook Although the support near 1.38 did in fact prevent further depreciation of the Euro last week, for now the currency still remains unable to restore an upward momentum. At the moment it is struggling to breach a ...
GBP/USD climbs back above 1.65
March 26th, 2014
Pair’s Outlook Despite a recent dip beneath the 2011 highs and 100-day SMA, GBP/USD managed to recover in a short period of time and it is already testing the weekly PP at 1.6538. If the tendency to pare the ...
IRS Says Bitcoin Counts as Property for Tax Purposes
March 26th, 2014
The Internal Revenue Service issued a notice saying that Bitcoin and other virtual currencies should be treated as property for federal tax purposes and the general rules for property transactions should apply. The notice provides answers to frequently asked ...
RSA introduces 25% non-audit fee cap
March 26th, 2014
THE AUDITORS of embattled insurer RSA will have a cap put on the amount of non-audit fees they can earn, limited to 25% of the total audit fee. KPMG, which was brought in to replace Deloitte as RSA auditors, ...
U.K. Treasury Raises 4.2 Billion Pounds in Lloyds Share Sale
March 26th, 2014
The U.K. government sold a 4.2 billion-pound ($6.95 billion) stake in Lloyds Banking Group Plc (LLOY), its second disposal since rescuing the lender in the financial crisis. The government sold the shares to money managers for 75.5 pence apiece, ...
European Stocks Advance as Stocks Extend Gains
March 26th, 2014
European stocks advanced for a second day, after the Stoxx Europe 600 climbed the most in three weeks, as investors awaited data on U.S. durable-goods orders. U.S. index futures were little changed, while Asian shares rose. Airbus Group NV ...
Clifford Chance escapes £130m derivatives negligence claim as case settles
March 26th, 2014
JP Morgan’s £130m legal battle with Berlin’s public transport provider BVG in which Clifford Chance was implicated for allegedly providing negligent advice has settled. The mammoth battle was one of the first cases involving derivatives concluded by European public ...
