Search Results for: OSC
Wells Fargo Chairman and CEO is stepping down following fake accounts scandal
October 13th, 2016
Embattled Wells Fargo Chairman and CEO John Stumpf is stepping down from the bank he has led for nearly a decade, following intense scrutiny over a fake accounts scandal that erupted last month. San Francisco-based Wells said Wednesday that ...
The Russian Central Bank revoked Banking licence of a commercial Bank
October 6th, 2016
By its Order No. OD-3414, dated 5 October 2016, the Bank of Russia revoked a banking licence of the Moscow-based credit institution Commercial Bank IMoneyBank, limited liability company, or LLC CB IMoneyBank (Registration No. 1975) from 5 October 2016. The Bank of Russia took such an extreme measure — revocation of the ...
Crisis Hits Russian Banking With 15% Job Losses
October 6th, 2016
Fifteen percent of all Russian bank employees have lost their jobs since the start of the country’s economic crisis in 2014, new data has revealed. Figures from the state statistics agency Rosstat show that almost 120,000 people working in ...
Ruble best performing emerging market currency since OPEC deal in Algeria
October 6th, 2016
The Russian currency is extending its gains on Wednesday, buoyed by rising oil prices. The ruble has outpaced the Argentinian peso, Hungarian forint, Taiwanese dollars and other emerging market currencies since OPEC agreed to cut production last week. The ...
EU To Create List Of Non-Cooperative Tax Jurisdictions
September 26th, 2016
The European Commission has confirmed plans to draw up a pan-EU list of non-cooperative tax jurisdictions. In announcing the plans on September 15, the Commission released “a pre-assessment of all third countries according to key indicators.” The intention is ...
KPMG, EY, PwC, Deloitte, Accenture’s new weapons: toys, tech and Play-Doh
September 15th, 2016
Think of it as the consultant’s version of an arms race – but played out with fancy gadgets. KPMG’s new Innovation Lab, located at the accounting and advisory firm’s Barangaroo digs in Sydney, is designed to unsettle clients so ...
Digital payment firm has bought finance app maker in a $7.5 million deal
September 12th, 2016
Digital retail finance and payment industry player zipMoney has bought personal finance management app maker Pocketbook. The deal includes $6 million upfront and another $1.5 million, depending on a set of milestones. The acquisition strengthens zipMoney’s position in Australia’s ...
Investors are pushing into Emerging-market stocks; 20% rise over the past six months
August 29th, 2016
China’s economy is inexorably slowing. Turkey’s sprawling post-coup purge continues apace. Western sanctions against Russia will remain in force for as long as Moscow keeps meddling in Ukraine. Brazil’s brief Olympic distraction is over, so it’s back to the business of dealing with acrippling recession and wrenching ...
Cyprus, Lebanon, Egypt, and Israel are issuing a new series of natural gas exploration licenses
August 25th, 2016
The major natural gas reservoirs that have been discovered off the Mediterranean shores in recent years have made the region a focus of international interest. The past few months have been especially lively, with Lebanon, Egypt, Cyprus, and Israel ...
International law firm announced association in Saudi Arabia
August 24th, 2016
Leading international law firm Clifford Chance today announced that it has entered into an association with the newly established Abuhimed Alsheikh Alhagbani Law Firm (AS&H) in Saudi Arabia. The association will commence operations later this year. It will replace ...
