Search Results for: PRA
The top 10 countries with the largest gold holdings
May 26th, 2016
Beginning in 2010, central banks around the world turned from being net sellers of gold to net buyers of gold. Last year they collectively added 483 tonnes—the second largest annual total since the end of the gold standard—with Russia ...
Brent oil pushes above $50 for first time in nearly seven months
May 26th, 2016
Brent oil futures climbed above $50 a barrel on Thursday for the first time in nearly seven months, boosted after U.S. government figures showed a sharper-than-expected drawdown in crude stocks last week. Brent LCOc1 had climbed 38 cents to ...
RBS’s Bank Restructuring unit faces legal claims from business who claim they were forced into liquidation
May 26th, 2016
Small businesses who claim they were forced into liquidation by the activities of Royal Bank of Scotland’s controversial Global Restructuring Group (GRG), have set up a dedicated whistleblowers Website to encourage bank staff to provide information on the unit. ...
$175 Million Penalty for Citibank
May 26th, 2016
CFTC Orders Citibank, N.A. and Japanese Affiliates to Pay $175 Million Penalty for Attempted Manipulation of Yen LIBOR and Euroyen TIBOR, and False Reporting of Euroyen TIBOR and U.S. Dollar LIBOR Citibank, N.A. Has Been Subject to Three CFTC ...
Ethereum, explained: why Bitcoin’s stranger cousin is now worth $1 billion
May 25th, 2016
Bitcoin has struggled to live up to the hype that surrounded its emergence into the mainstream three years ago. Despite more than a billion dollars of venture capital funding, Bitcoin startups have failed to develop applications that appeal to mainstream customers. ...
Barclays Unit Sued for $2.4 Million by Ex-Global Finance Chair
May 25th, 2016
Details of Jon Pratt’s claim in H.K. labor tribunal filing Pratt reported in January to have exited amid global job cuts Barclays Plc’s Asia unit is being sued for HK$18.9 million ($2.4 million) by former Asia Pacific Global Finance ...
Intuit and BDO Partner for Small Business Accounting
May 24th, 2016
Intuit and national accounting and consulting firm BDO USA have formed a strategic partnership through which the firm will use Intuit’s QuickBooks for its small business clients. “Like us, BDO is focused on helping small businesses adopt today’s online technologies and streamline processes ...
Deloitte trashed the hype around the $US180 billion fintech industry
May 24th, 2016
Deloitte just trashed the hype around the online lending industry. The accountancy and consultancy practice has done a deep dive on the online lending industry and its conclusions should make for devastating reading for anyone connected to the sector. ...
Financial regulators from around the world warn for unauthorised financial services companies
May 24th, 2016
The Financial Conduct Authority (FCA) of UK, the Securities and Futures Commission (SFC) of Hong Kong, the Jersey Financial Services Commission (FSC), the Financial Services Authority (MFSA) of Malta and the Comision Nacional del Mercado De Valores (CNMV) of Spain issued ...
Oil prices fall as dollar gains, but possible stock drawdown supports
May 24th, 2016
Oil prices fell in thin trade on Tuesday as the U.S. dollar strengthened, but losses were curbed by a likely drawdown in U.S. crude and gasoline stockpiles. Brent futures had declined 42 cents to $47.93 a barrel by 0643 ...
