Search Results for: MoU
Bankers: Lebanon won’t drop banking secrecy
March 27th, 2015
Lebanon will not abandon its banking secrecy law but will continue to cooperate with the United States and other nations in the exchange of tax information and the fight against money laundering, leading bankers said Thursday. “Lebanon has no intention to abandon ...
SEC Charges Nearly Two Dozen Unregistered Broker-Dealers
March 27th, 2015
The Securities and Exchange Commission today charged nearly two dozen companies and individuals who regularly bought and sold securities on behalf of a suburban Chicago-based trading firm without registering with the SEC as a broker-dealer as required under the ...
We’re All Hedge Funds Now
March 26th, 2015
As negative interest rates spread from Switzerland, Japan and Germany to the rest of the developed world, people with money to invest face some life-defining choices. Retirees who need to generate 6% to avoid dipping into principal can’t get ...
Alpari (UK) Limited (in special administration) completes sale of client data to ETX Capital
March 26th, 2015
Richard Heis, Samantha Bewick and Mark Firmin, Joint Special Administrators of Alpari (UK) Limited (in special administration) (the “Company”), can confirm that an agreement has been reached for the sale of the client data to ETX Capital. An initial ...
FASB plans two new proposals to simplify accounting
March 26th, 2015
FASB took steps to simplify accounting in two areas last week when it voted to direct the board’s staff to prepare a pair of proposed Accounting Standards Updates. Upon written approval by FASB, the proposals would be exposed for ...
MF Global Trustee Seeks Court Permission to Repay Creditors
March 26th, 2015
MF Global Inc. wants court approval to pay $461 million owed to its creditors, the second such payment now that it has paid back most of its customers. In a Wednesday filing with the U.S. Bankruptcy Court in New ...
Greece fails to convince Europe on EUR 1.2 bn payment
March 26th, 2015
Greece does not have the right to 1.2 billion euros ($1.3 billion) it believed it mistakenly returned to the eurozone‘s bailout fund, an spokesman for the fund said Wednesday after talks with Greek officials. A working group from the ...
Diamonds Industry: Early signs that 2015 will be another positive year
March 25th, 2015
Early signs that 2015 will be another positive year for the diamond industry are being given by Valentine’s Day demand in the US and Chinese New Year sales in China. De Beers strategy director Bruce Cleaver, who spoke to Creamer Media’sMining Weekly Online in a ...
The tiny broker who won on the Swiss Franc shock
March 25th, 2015
Some of the big guys lost on the Swiss franc. Turns out, one of the little guys won. While the likes of Citigroup Inc. and Saxo Bank A/S got stung when Switzerland abruptly let the franc soar in mid-January, ...
Quantitative easing: what is it and what does the ECB want to achieve with it?
March 24th, 2015
The European Central Bank (ECB) started at the beginning of the month with its controversial quantative easing programme, buying government bonds with the goal of lowering interest rates, increasing inflation and kick-starting economic growth. ECB president Mario Draghi meets ...
