Search Results for: MoU
HSBC bosses Stuart Gulliver and Douglas Flint apologise to MPs over Swiss private banking scandal
February 26th, 2015
Stuart Gulliver, HSBC‘s chief executive and Douglas Flint, the embattled bank’s chairman, have apologised for “unacceptable” practices at its Swiss private banking arm. During questioning by the Treasury Select Committee, Gulliver admitted the scandal had caused “damage to trust” in HSBC, ...
HSBC bosses to answer MPs’ questions
February 25th, 2015
The chairman and chief executive of HSBC will appear before a panel of MPs today to answer questions about a tax scandal at the banking giant. Chairman Douglas Flint and chief executive Stuart Gulliver will appear before MPs on ...
Asian shares rise after Yellen stresses policy flexibility
February 25th, 2015
Asian stocks rose on Wednesday, taking their cues from Wall Street’s gains after Federal Reserve Chair Janet Yellen suggested the Fed would not rush into raising interest rates. Shares extended gains after an index of Chinese factory activity eked ...
Greece reform plans receive positive response
February 24th, 2015
Greece has received a positive response to its economic reform proposals presented to eurozone officials. The plans were promised under the deal to secure a four-month bailout extension. The head of the eurogroup Jeroen Dijsselbloem said the new Greek government is serious about its ...
Cryptocurrency company’s operator arrested
February 24th, 2015
Ryan Kennedy committed fraud in the Dogecoin community last year. Kennedy, or “Alex Green” as he is known to the larger community, operated the cryptocurrency company Moolah before resigning amidst allegations of theft. In October of last year, Kennedy allegedly stole upwards ...
Five Reasons Bitcoin Revolution is Over
February 23rd, 2015
2015 will be the year Bitcoin “dies.” The bubble is over and the cryptocurrency, while revolutionary, has serious issues which will prevent it from ever becoming widely accepted. Andre Alessandro — The five problems listed here are both structural and external ...
HSBC files: bank chief Stuart Gulliver holds secret Swiss account
February 23rd, 2015
CEO drawn into tax scandal as calls grow to prosecute HSBC for ‘cheating’ the British tax system HSBC’s chief executive Stuart Gulliver sheltered millions of pounds in bonuses in a Swiss bank account, leaked documents have revealed. The 55-year old ...
Internal and External Risks to the Cyprus Economy
February 20th, 2015
Despite the tragic events of March 2013, Cyprus economy has showed resilience and the country was able to return back to stability and regain some of the lost confidence from international markets and investors rather quickly, which is necessary ...
Nasdaq nears all-time highs as exuberance yields to reason
February 20th, 2015
As the technology-heavy Nasdaq Composite Index closes in on the all-time high it reached in March 2000, investors are facing a market that barely resembles the go-go era of 15 years ago. Valuations, as measured by what investors are willing to ...
HSBC whistleblower spills Lynch evidence to Senate
February 19th, 2015
Massive drug, terrorism scandal ropes in Obama’s AG nominee The Senate Judiciary Committee on Wednesday conducted a two-hour session with HSBC whistleblower John Cruz in its investigation of attorney general nominee Loretta Lynch’s role in the Obama administration’s decision ...
