Search Results for: European law
Dollar pushes higher but near lows after downbeat U.S. data
May 18th, 2015
* Output, consumer confidence data back bets that Fed will wait * IMM data show speculators continued to trim long dollar bets * DXY vulnerable to further near-term correction-strategist * Kiwi skids after tax news raises rate-cut speculation The ...
U.S. contacts UK FX trader over Bank of England meeting – source
May 14th, 2015
London The U.S Department of Justice has requested an interview with a senior London-based currency trader who attended a meeting with Bank of England officials three years ago that ultimately became pivotal to a global investigation into allegations of ...
KPMG report reveals that Guernsey funds facilitate £25 billion of inward investment to the UK from global investors
May 13th, 2015
International Capital Flows, a report commissioned by the States of Guernsey and supported by Guernsey Finance, has analysed the economic benefits provided to the UK and Europe by the Guernsey funds market. The majority of the inward investment is ...
Sweden Consults On New Bank Tax
May 12th, 2015
The Swedish Cabinet, on May 7, endorsed plans for a study to be undertaken on the Government’s proposal for a new tax on the financial sector. Financial services, including banking, securities trading, and insurance services, are exempt from value-added ...
BoI warns Israeli banks to keep sanctions on Russia
May 11th, 2015
Israeli banks are being required to verify that sanctions are being observed. The Bank of Israel has ordered Israeli banks to establish a policy and rules for working with companies and banks in Russia, following the sanctions imposed on ...
IMF Works With Bank Regulators on Contingency Plans for Greek Default
May 11th, 2015
Discussions with authorities in southeastern Europe aimed at girding for potential failure of bailout talks The International Monetary Fund is working with national authorities in southeastern Europe on contingency plans for a Greek default, a senior fund official said—a ...
Guernsey Named Best International Finance Center
May 8th, 2015
Guernsey has been named Best International Finance Center at the WealthBriefing European Awards 2015. The announcement was made last week during a ceremony at the Guildhall in the City of London. It was the third annual European awards ceremony ...
Banks Expected to Settle FX Probes for Billions
May 7th, 2015
Citigroup Inc., Barclays PLC, J.P. Morgan Chase & Co. and Royal Bank of Scotland Group are expected to plead guilty to rigging foreign-currency exchange rates and pay billions in combined penalties. Four big banks are expected to plead guilty ...
Greece makes IMF payment but hopes of quick deal dashed
May 6th, 2015
Greece made a small interest payment to the International Monetary Fund on Wednesday but European lenders dashed hopes for a cash-for-reforms deal before a more crucial, bigger installment Athens must pay next week. Leftist Prime Minister Alexis Tsipras‘ government ...
A Digital Single Market for Europe: EU Commission sets out 16 initiatives to make it happen
May 6th, 2015
The Internet and digital technologies are transforming our world – in every walk of life and in every line of business. Europe must embrace the digital revolution and open up digital opportunities for people and businesses. How? By using ...
