Search Results for: PRA
Deutsche Bank AG fined $156.6 million
April 21st, 2017
The Federal Reserve on Thursday announced two enforcement actions against Deutsche Bank AG that will require the bank to pay a combined $156.6 million in civil money penalties. The bank will pay a $136.9 million fine for unsafe and ...
How governments tax matters for productivity
April 20th, 2017
Productivity drives our living standards. In our April 2017 Fiscal Monitor, we show that countries can raise productivity by improving the design of their tax system, which includes both policies and administration. This would allow business reasons, not tax ...
Bose Headphones accused in lawsuit of spying on listeners
April 20th, 2017
A new class-action lawsuit claims high-end headphone company Bose has been tracking and distributing customers’ data without telling them. According to the complaint, filed late Tuesday in the U.S. District Court in Chicago, the headphone company’s Bose Connect app ...
Accounting firms employ robots in their offices
April 20th, 2017
Robotic software sweeping large accounting firms and clients While it doesn’t shoot lasers or clean her Minneapolis office Roomba-style, her “bot” can do some of her digital data dirty work so she doesn’t have to. “I don’t want to ...
International law firm to launch its third international office in Madrid
April 20th, 2017
International law firm Pinsent Masons has announced plans to launch its third international office in less than 12 months, with a Madrid presence expected to open in May. The firm has brought together a team of six partners to ...
SWIFT announces a new real-time payment controls service
April 13th, 2017
SWIFT today announces a new real-time payment controls service to complement and strengthen its customers’ existing fraud controls. The new fraud and cyber-crime prevention service will enable SWIFT customers to screen their payment messages according to their own chosen ...
KPMG US removes head of audit for ‘improper’ warnings
April 12th, 2017
The firm said it learned in late February, from an internal source, that an individual who had joined KPMG from the PCAOB subsequently received confidential information from a then-employee of the PCAOB, and shared that information with other KPMG ...
The Libor trials: Where we are now
April 12th, 2017
Barclays sent shockwaves through the City when, in July 2012, it was fined nearly £300m by British and US regulators for its role in the Libor-rigging scandal. Days later, then chief executive Bob Diamond handed in his notice. The ...
Bitcoin touches 3-week high as Russia mulls recognizing it as a currency
April 12th, 2017
The price of a single bitcoin on Tuesday climbed to its highest level in three weeks following reports that Russian authorities might recognize the world’s most popular digital currency as a legitimate financial instrument some time next year. If ...
Switzerland launched a new tax reform proposal
April 12th, 2017
The steering body comprised of members from the Confederation and the cantons has completed a first round of hearings on tax proposal 17 with political parties, cities, communes, churches and the private sector. There is a broad consensus on ...
