Search Results for: PRA
BNP Keeps Investors Guessing About U.S. Sanctions Penalty
June 16th, 2014
BNP Paribas SA (BNP) has given investors scant information about how much it expects to pay to settle a criminal probe of U.S. sanctions violations. The bank told shareholders at an annual meeting on May 14 that the settlement ...
‘Bitcoin Jesus’ Calls Rich to Tax-Free Tropical Paradise
June 16th, 2014
He’s known as Bitcoin Jesus in the world of cyber-currencies. Though he can’t promise you heaven, he is offering a haven: a condo in the Caribbean that comes with a new passport and almost zero taxes. Meet Roger Ver, ...
Hungary Verdict to Pave Way for $15 Billion FX Loan Plan
June 16th, 2014
Hungary’s supreme court will complete its precedent rulings today on foreign-currency mortgages, paving the way for the government to phase out loans worth about $15 billion. The court, known as Kuria, will brief reporters at 12:30 p.m. in Budapest ...
US Supreme Court working on 17 unsolved cases
June 16th, 2014
It’s crunch time at the Supreme Court, where the justices are racing to issue opinions in 17 cases over the next two weeks. The religious rights of corporations, the speech rights of abortion protesters and the privacy rights of ...
ASIC suspends former Banksia auditor for five years
June 13th, 2014
The Australian Securities and Investments Commission (ASIC) has accepted an enforceable undertaking (EU) from Mr Warren John Sinnott of Kennington, Victoria, as part of an ongoing investigation into the collapse of Banksia Financial Group (Banksia Group). Under the EU, ...
New EU Bank-Creditor Loss Rules Leave Room for Confusion
June 13th, 2014
The European Union has served notice that senior bondholders will be in the firing line for losses when banks go bust, yet the law’s fine print leaves room for confusion. Policy makers from Michel Barnier to Jeroen Dijsselbloem have ...
Bitcoins Seized From Silk Road Marketplace To Be Auctioned
June 13th, 2014
The United States government is planning to sell one of the biggest caches of bitcoins, a hoard that’s part of the bitcoin cache seized in October from the Silk Road marketplace, which was used for buying and selling drugs, ...
Predatory Trading Rules Considered in Canada
June 13th, 2014
The Ontario Securities Commission may consider measures to regulate high-frequency trading if evidence of predatory activity is found as it reviews its market-structure policies, Chairman Howard Wetston said. “The important question for us is, is our market fair?” Wetston ...
LinkedIn Ordered to Face Customer E-Mail Contacts Lawsuit
June 13th, 2014
LinkedIn Corp. (LNKD:US) must face a lawsuit claiming the company violated customers’ privacy rights for marketing purposes by accessing their external e-mail accounts and downloading their contacts’ addresses. The decision by U.S. District Judge Lucy H. Koh in San ...
HM Treasury, the BoE and the Financial Conduct Authority announce Fair and Effective Markets Review
June 12th, 2014
The British government has announced in a press release publishing the Fair and Effective Markets Review the strategic steps to follow in order to raise standards of conduct in the financial system. The review was conducted jointly by the Treasury, the ...
