Search Results for: SEC
Keystone Law sells £3.15m stake to private equity house
October 23rd, 2014
Dispersed firm Keystone Law has received a £3.15m cash injection from private equity house Root Capital in return for a 35 per cent stake in the firm’s shares. Root was founded by investor Simon Phillips in 2003. The funds ...
Credit Suisse Profit More Than Doubles as Trading Rises
October 23rd, 2014
Credit Suisse Group AG (CSGN), Switzerland’s second-biggest bank, reported an increase in third-quarter profit driven by a surge in revenue at the investment bank, while earnings in other businesses fell. The group’s net income jumped to 1.03 billion Swiss ...
FMA warns consumers about cold-calling investment offers and ‘big win’ scams
October 23rd, 2014
The Financial Markets Authority (FMA) is warning New Zealand consumers and investors to be wary of cold-calls asking them to buy shares or put their money into offshore firms. The FMA is receiving an increasing number of complaints about ...
Islamic Bank of Britain changes name to Al Rayan Bank
October 23rd, 2014
Islamic Bank of Britain plc (IBB) today announced that, subject to formal shareholder approval, it plans to change its name to Al Rayan Bank PLC. The change will be completed in December 2014. The rebrand follows IBB’s acquisition, earlier ...
Millions stolen from UAE bank customers in ATM scam
October 23rd, 2014
A gang of Eastern Europeans has been arrested by police in Dubai on suspicion of stealing millions of dirhams from ATM customers in the UAE. According to 7Days newspaper police arrested the gang after uncovering their elaborate scam that ...
Nokia beats market expectations in third-quarter
October 23rd, 2014
Finland’s Nokia on Thursday beat market expectations as it reported strong third-quarter profit growth and lifted the profitability outlook for its core network unit on the back of network roll-outs in North America and China. The network unit showed ...
Thursday October 23: OSB Daily Technical Analysis- Indices
October 23rd, 2014
OSB Daily Technical Analysis for October 23, 2014 S&P 500 declined on Wednesday after four consecutive up days. Resistance above at the 1940-45 area. A close above this area and the 50 DMA extends to 1965. Bullish momentum remains ...
In Turnabout, Former Regulators Assail Wall St. Watchdogs
October 23rd, 2014
When former top government officials become white-collar defense lawyers, they still wield influence when they weigh in on enforcement matters. I was attending the Securities Enforcement Forum, a gathering of top regulators and white-collar defense worthies. The marquee section ...
Six Federal Agencies Jointly Approve Final Risk Retention Rule
October 23rd, 2014
Six federal agencies, namely the Board of Governors of the Federal Reserve System, the Department of Housing and Urban Development, the Federal Deposit Insurance Corporation, the Federal Housing Finance Agency, the Office of Comptroller of the Currency and the Securities and Exchange Commission have ...
The Digital Currency Dilemma: Anonymity vs. Privacy (Op-Ed)
October 22nd, 2014
First Global Credit’s CEO Gavin Smith comments on digital currency exchange Bitstamp’s policy change and the issue of anonymity in the digital currency markets. This week Bitcoin Exchange, Bitstamp, fulfilled a promised policy change of handing over to the ...
