Search Results for: ELA
Europe Fears Banks Lack Cash Cushion to Cover Bad Loans
August 25th, 2014
As Europe slogs through its latest round of bank stress tests, a growing number of analysts have already reached their own conclusion: Eurozone banks need additional cash. The E.C.B. will publish the results of its half-year investigation into Europe’s ...
Copper in Shanghai Swings Near 4-Week High as Stockpiles Fall
August 25th, 2014
Copper in Shanghai swung between gains and losses near the highest in almost four weeks after stockpiles fell the most since May and before housing data in the U.S., the second-biggest consumer of industrial metals. Stockpiles tracked by the ...
CySec: acquisition of CIF (Cyprus Investment Firms) licence
August 25th, 2014
The Cyprus Securities and Exchange Commission (CySec) the Cypriot financial regulatory authority, has announced that the following firms have successfully obtained the CySec licence for CIF (Cyprus Investment Firms): AAA Trade Ltd LEON MFO Investments Ltd R Capital Solutions ...
Chicago and 2 California Counties Sue Over Marketing of Painkillers
August 25th, 2014
The City of Chicago and two California counties are challenging the drug industry’s way of doing business, contending in two separate lawsuits that “aggressive marketing” by five companies has fueled an epidemic of addiction. It also cost taxpayers millions ...
EY issues emphasis of matter note on Co-op Bank
August 22nd, 2014
EY’s first public act as auditor of the Co-operative Bank has been to place an emphasis of matter paragraph into its interim statement review. The Big Four firm, which replaced KPMG as the bank’s auditors earlier this year, said ...
Dollar flatlines ahead of Yellen, Draghi at Jackson Hole
August 22nd, 2014
The dollar was steady on Friday after its strongest weekly run since March and world stocks were near all-time highs as markets waited for steers from the Federal Reserve and ECB on diverging policy plans. European shares .FTEU3 opened ...
CySec introduces digital signature for ASP
August 22nd, 2014
The Cyprus Securities and Exchange Commission has today announced the introduction of a digital signature for the submission of files to CySec. The Cyprus Securities and Exchange Commission aims to improve its procedure for secure transmission of the electronic ...
Case closed in favor of INTL FCStone in Sentinel case
August 22nd, 2014
INTL FCStone Inc. (Nasdaq:INTL) (“the Company”) announced on March 19, 2014 that the U.S. Court of Appeals for the Seventh Circuit had reversed the trial court’s January 2013 decision against its subsidiary, FCStone, LLC, in the Sentinel matter. Because ...
Keeping the accountants accountable
August 22nd, 2014
Tax avoidance is always a hot topic, never more so than with the recent stream of famous individuals involved in the Liberty scheme. The fact that some of these 1,600 stars risk bankruptcy highlights just how serious these cases ...
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 ...
