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After JPMorgan Cyberattack, fortification of Wall Street Banks is a must

October 22nd, 2014 (0)
Federal and state regulators are said to be discussing fortification of a critical area of cybersecurity: outside vendors, including law firms, accounting and marketing firms and even janitorial companies. This summer’s huge cyberattack on JPMorgan Chase and a dozen ...

China must accelerate reforms: World Bank chief

October 21st, 2014 (0)
China needs to accelerate reforms and not rely solely on monetary and fiscal policy to drive growth, a top World Bank official said on Tuesday. “I would recommend not really relying more on their macro policy, specifically on the ...

China’s economic growth slows to 7.3 percent in third quarter, near six-year low

October 21st, 2014 (0)
China grew at its slowest pace since the global financial crisis in the September quarter and risks missing its official target for the first time in 15 years, adding to concerns the world’s second-largest economy is becoming a drag ...

Samuel Wyly in Bankruptcy Facing $400 Million Forfeiture

October 21st, 2014 (0)
The U.S. businessman Samuel Wyly, who may have to forfeit as much as $400 million after being found liable for using offshore trusts to hide stock holdings and make illegal trades, filed for bankruptcy. Wyly, 80, listed assets and debt ...

ASIC’s Strategic Outlook 2014-15

October 20th, 2014 (0)
ASIC today published its Strategic Outlook for 2014–15. ASIC’s Strategic Outlook sets out the key risks ASIC sees to the markets it regulates, and how ASIC will respond – prioritising its tools of surveillance and enforcement. ASIC scans the ...

Scandal Over Brazilian Oil Company Adds Turmoil to the Presidential Race

October 20th, 2014 (0)
President Dilma Rousseff is in a tough fight for the Oct. 26 election after a former executive at Petrobras took a plea bargain and testified that her party had benefited from a bribery scheme. Paulo Roberto Costa was living ...

Russia’s Rosneft takes EU to court over sanctions

October 20th, 2014 (0)
Russian oil giant Rosneft and a close associate of President Vladimir Putin are fighting the EU in court over sanctions imposed on some of Russia’s biggest companies, an official website indicated Friday. A Russian billionaire, Arkady Rotenberg, who is ...

The 7th Saudi Money Exhibition and Conference 2014 in Jeddah

October 20th, 2014 (0)
The 7th Saudi Money Exhibition and Conference 2014 will take place on the 14th and 15th of November 2014 at Crowne Plaza Hotel in Jeddah. The exhibition will bring together some of the leading minds in banking and FX ...

ICAEW fines member for improper tax claims

October 17th, 2014 (0)
An ICAEW member was severely reprimanded and fined £32,500 for submitting and later amending a personal self assessment tax return that he knew included improper claims against self employed income, or should have known he could not claim those ...

Tribunal analysis: Entrepreneurs’ relief dispute

October 17th, 2014 (0)
The key question, explored by the first tier tribunal in the case of Jeremy Rice v HMRC, is whether or not a significant change in a business can amount to a cessation of the existing trade and the start ...
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