Search Results for: ELA
A taxing problem: How traders are playing year end selling
December 15th, 2014
As the year comes to a close and investors square up their portfolios, many may look to sell out of losing positions for tax purposes. That could mean further weakness for beaten-down assets in the short-term, but may also ...
Former Blackrock Asset Management Managing Director Banned
December 15th, 2014
The Financial Conduct Authority (FCA) has banned Jonathan Paul Burrows from performing any function in relation to any regulated activities for not being fit and proper. Tracey McDermott the FCA’s director of enforcement and financial crime, said: ‘Burrows held ...
CySec: acquisition of CIF (Cyprus Investment Firms) licence
December 15th, 2014
The Cyprus Securities and Exchange Commission (CySec) the Cypriot financial regulatory authority, has announced that “FTSL Financial Trading Solutions Limited” has successfully obtained the CySec licence for CIF (Cyprus Investment Firms). The firm is now authorised to operate legally under ...
Switzerland bows to pressure; Tightens money-laundering rules
December 15th, 2014
The Swiss Parliament has bowed to international pressure, tightening the country’s money-laundering rules. There will be a CHF100,000 ($104,000) cap on cash transactions, and not just foreign dictators, but also senior politicians and officials like Sepp Blatter, will be ...
Boss of hedge fund Weavering battles fraud charges in London court
December 15th, 2014
Magnus Peterson, battling fraud charges after his $600 million Weavering hedge fund collapsed during the financial crisis, told a court on Friday he could not remember which investors he had warned about his fund’s use of complex financial instruments. ...
SWIFT’s KYC Registry goes live for correspondent banks worldwide
December 15th, 2014
SWIFT announces that The KYC Registry is now available to banks seeking to increase efficiency and reduce risk related to their correspondent banking Know Your Customer (KYC) compliance activities. More than 20 global and regional banks have joined The ...
Disney and Skype ‘used Luxembourg tax deals’
December 12th, 2014
Companies including Disney and Skype have allegedly used Luxembourg tax deals, according to fresh leaks published by investigative journalists. The group of firms funnelled hundreds of millions of dollars in profits through Luxembourg subsidiaries, according to leaked documents. Disney ...
Lending Club: The shares of the world’s largest peer-to-peer lender
December 12th, 2014
Shares in Lending Club, the world’s largest peer-to-peer lender, have surged 56% to $23.43 (£15) per share in their New York Stock Exchange debut. That values the firm at $8.5bn, indicating strong investor interest in the Lending Club’s micro-loan ...
Oil Extends Drop Below $60 as Producers Tussle for Market Share
December 12th, 2014
Oil extended losses below $60 a barrel amid speculation that OPEC’s biggest members will defend market share against U.S. shale producers. Brent also slid after closing at the lowest price since July 2009. West Texas Intermediate futures fell as ...
Thursday December 11: OSB Daily Technical Analysis – Currency pairs
December 11th, 2014
OSB Daily Technical Analysis for December 11, 2014 EURUSD cleared the 20 DMA closing at the peak of the day suggesting further upside. Overhead resistance at 1.2450-75. Clearing this extends to a test of the 1.25 handle. Support beneath ...
