Search Results for: ESMA
Cadbury’s Parent company made millions in profits but paid no corporation tax thanks to legal accounting techniques
October 17th, 2016
Cadbury’s American owners paid no UK corporation tax last year Parent company Mondelez UK made profits of £177million in 2015 It should have handed over £36million – but the company avoided payment Cadbury’s American owners were under fire last ...
ICAP acquires Abide Financial
October 13th, 2016
ICAP plc (IAP.L), a leading markets operator and provider of post trade risk mitigation and information services, announces today that it has acquired Abide Financial (Abide), a market-leading global regulatory reporting specialist. Abide will become a subsidiary of ICAP’s ...
Wells Fargo Chairman and CEO is stepping down following fake accounts scandal
October 13th, 2016
Embattled Wells Fargo Chairman and CEO John Stumpf is stepping down from the bank he has led for nearly a decade, following intense scrutiny over a fake accounts scandal that erupted last month. San Francisco-based Wells said Wednesday that ...
Nasdaq and Hong Kong exchange sharing information on blockchain technology
October 11th, 2016
The Nasdaq stock market is hoping to bring its blockchain technology to the Hong Kong Stock Exchange, according to its president and chief operating officer Adena Friedman. In the city on Thursday and Friday last week to meet with ...
Theranos sued by one of its biggest investors, claiming fraud
October 11th, 2016
One of Theranos Inc.’s biggest financial backers has sued the embattled startup and its founder for allegedly lying to attract its nearly $100 million investment, according to a fund document and people familiar with the matter. Partner Fund Management ...
Goldman Sachs to axe 2000 London jobs if passporting rights lost, report says
October 11th, 2016
Goldman Sachs has drawn up plans to transfer as many as 2000 employees out of London to a new banking centre in Europe should the UK lose its passporting rights, the Independent newspaper reported. The passporting rights allow UK-based ...
Facebook challenged over £11.3 tax credit
October 10th, 2016
According to information filed at Companies House, Facebook paid £4.17m in corporation tax for the year to December 2015, and recorded sales of some £210m. However, the company also had a £11.3m credit to offset against future tax payments, ...
Fifa faces legal challenge ahead Qatar 2022 World Cup
October 10th, 2016
Fifa is facing legal action in the Swiss courts over its alleged complicity in the mistreatment of migrant workers in Qatar ahead of the 2022 World Cup, the Guardian can reveal. Since Fifa voted in December 2010 to hold the ...
It’s Not Just Deutsche Bank. The Entire Financial Sector Is Sick
October 3rd, 2016
These are great times for financial assets — and by implication for finance companies that make and sell them, right? Alas, no. Just the opposite. Each part of the FIRE (finance, insurance, real estate) economy is imploding as “modern” ...
What Blows Up First, Part 3: Really, Deutsche Bank?
September 28th, 2016
Calling Wall Street’s banks stupid and dangerous is like calling the sun “big and warm.” It’s a clear understatement of an obvious fact. The same goes for calling Japan and China economically clueless. Their actions pretty much guarantee that ...
