Search Results for: EY
Are banks looking at a shrunken future?
August 7th, 2014
Amid the hundreds of billions of bad-credit write-downs and the multibillion- dollar settlements with government watchdogs since the 2008 financial collapse, it’s easy to lose sight of what good shape banks are in. The leftover business from the crash ...
Lloyds Sued by 220 Investors Over HBOS Takeover ‘Folly’
August 7th, 2014
Lloyds Banking Group Plc (LLOY) was sued by 220 investors who said they were misled into supporting a 2008 takeover of HBOS Plc that prompted a 20 billion-pound ($34 billion) bailout from the U.K. government. Britain’s biggest mortgage lender ...
KPMG retains £12m Old Mutual audit contract
August 7th, 2014
KPMG has retained its audit work with Old Mutual, after the insurance and asset management business took its £12m contract to market. The FTSE 100 life insurer confirmed it had accepted the audit committee’s recommendation that KPMG continue in ...
Bank of England keeps rates unchanged
August 7th, 2014
The Bank of England has opted to keep its main interest rate on hold at a record low 0.5 percent despite the ongoing strength of the U.K. economy. The decision was expected. However, there is a growing view that ...
Stonebridge International Insurance Limited fined by FCA with £8.4m
August 7th, 2014
The Financial Conduct Authority (FCA) has fined Stonebridge International Insurance Limited (Stonebridge) £8,373,600 in relation to sales of accident insurance products. Between April 2011 and December 2012, Stonebridge targeted low and middle income customers without college degrees or professional ...
ICAP and MTS Add Repo Index for Eurozone Traders
August 7th, 2014
European traders who execute in the repurchase agreement and sovereign bond markets can now do so using a new repo rate index. Following publication of ISDA definitions, ICAP Information Services and MTS today announced they are expanding the RepoFunds ...
Fox reports higher profit, insists no deals in the works
August 7th, 2014
Twenty-First Century Fox Inc, the film and TV company controlled by Rupert Murdoch, reported a quarterly profit that beat Wall Street’s expectations as executives stressed that they would not make a new bid for Time Warner Inc. Fox on ...
Pound Slides to Eight Week Low – Data Disappoint
August 7th, 2014
The pound slid to an eight week versus the dollar on concern the U.K.’s economy is falling short of analysts’ expectations. Sterling weakened against all but two of its 16 major counterparts as data showed Britain’s shop prices dropped ...
Wylys Call SEC $750 Million Trial Demand a Miscalculation
August 7th, 2014
The lawyer for Samuel Wyly and the estate of Charles Wyly told a judge they shouldn’t have to pay regulators as much as $750 million after being found liable for using a web of offshore trusts to hide stock ...
Commodities markets summary
August 7th, 2014
A summary of trading in key commodities markets: ENERGY Oil prices in New York have fallen again on worries about lower demand, even after an inventory report showed a surprising drop in US gasoline supplies. US benchmark West Texas ...
