Search Results for: SEC
EY ends Deloitte’s 14-year audit role at RBS
November 4th, 2014
EY has emerged victorious in the battle to secure the lucrative RBS audit account. The bank announced that EY had wrested the account from incumbent Deloitte, which has been the institution’s auditor since 2000. Last year RBS paid Deloitte ...
IOSCO publishes strategic framework for Investor Financial Education
November 4th, 2014
The International Organization of Securities Commissions today published a final report on the Strategic Framework for Investor Education and Financial Literacy, which describes IOSCO’s role in promoting investor education and financial literacy and its strategic approach to both. The ...
Australia’s central bank keeps rates low, consumers encouraged
November 4th, 2014
Australia’s central bank kept interest rates at record lows for a 14th straight policy meeting on Tuesday, saying the stimulus was justified given the outlook for sub par growth even as consumers showed signs of opening their wallets. The ...
EU leaders weigh plan for Greek exit from bailout
November 4th, 2014
Eurozone leaders are weighing a plan to allow Greece to exit its four-year-old bailout at the end of the year by converting nearly €11bn of unused rescue funds into a backstop for Athens for when it raises cash from ...
It’s Currency War! – And Japan Has Fired The First Shot
November 4th, 2014
This is the big problem with fiat currency – eventually the temptation to print more of it when you are in a jam becomes too powerful to resist. In a surprise move on Friday, the Bank of Japan dramatically ...
SoftBank Cuts Annual Profit Forecast 10% on Sprint
November 4th, 2014
SoftBank Corp. (SFT), the Japanese wireless carrier led by billionaire Masayoshi Son, cut its full-year profit forecast 10 percent on widening losses at its Sprint Corp. unit in the U.S. Sprint, acquired in 2013 for $22 billion, is eliminating ...
P&G Suit, Apple, U.K. Museums, GE: Intellectual Property
November 4th, 2014
Procter & Gamble Co. (PG) has settled a patent-infringement case with makers and distributors of tooth-whitening strips, according to an Oct. 31 filing in federal court in Cincinnati. In the filing, the parties agreed that tooth-whitening strips made by ...
Jury acquits ex-Swiss banker in tax-dodging case
November 4th, 2014
Raoul Weil acquitted of charges he helped wealthy Americans to hide $20B from the IRS. A federal jury acquitted a former top Swiss banking executive of U.S. charges that he conspired with wealthy Americans to hide $20 billion in ...
Hedge funds pursue alternative lending
November 3rd, 2014
Sharp-suited hedge fund managers used to look down with disdain at the humdrum world of commercial banking. Now, this low-octane finance is being viewed by some as the biggest opportunity in a generation. In the past year some of ...
Japan economy minister calls for fiscal stimulus
November 3rd, 2014
Japanese Economy Minister Akira Amari said on Monday that the government should deploy fresh fiscal stimulus to prop up the economy if third-quarter preliminary gross domestic data due on Nov. 17 turns out weak, public broadcaster NHK reported. Amari ...
