Search Results for: Scotland
Twenty-four European banks fail financial stress tests
October 27th, 2014
One in five European banks have failed crucial tests of their financial strength, leaving a €25bn (£19.6bn) capital hole in the continent’s banking system at a time of renewed fears that the five-year long eurozone crisis may be flaring ...
Accountants Discuss Scottish Tax Powers
October 24th, 2014
The Institute of Chartered Accountants Scotland (ICAS) has said that the issues involved in devolving further tax powers to Scotland are wide ranging and complex. In a report prepared ahead of the first meeting of the Smith Commission on ...
EU to fine JPMorgan, UBS, Credit Suisse over Swiss franc Libor rigging
October 21st, 2014
European Union antitrust regulators are set to fine JPMorgan (JPM.N), UBS (UBSN.VX) and Credit Suisse (CSGN.VX) collectively over $115 million for rigging Swiss franc Libor benchmark interest rates, a person familiar with the matter told Reuters. Royal Bank of ...
UK banks pay out $2.5 billion for swaps mis-selling
October 14th, 2014
Britain’s biggest banks have paid out less than 40 percent of the 4 billion pounds ($6.4 billion) set aside to cover the mis-selling of complex interest rate hedging products, according to data from the financial regulator. The mis-selling is ...
How to choose an accountant
October 3rd, 2014
Selecting an accountant to support your business is an important decision and something you need to consider carefully. Dan Martin gathers advice from members of the community UK Business Forums. How much should you pay? As with everything in ...
Swiss bank UBS started FX trading settlement talks
September 29th, 2014
UBS, Switzerland’s largest bank, has begun settlement talks over allegations it was involved in manipulating foreign exchange rates, the bank said, and warned that it could face a material penalty in any deal struck. UBS did not identify the ...
Citizens Financial’s Offering Raises $3 Billion as It Parts From R.B.S.
September 24th, 2014
After 26 years within the Royal Bank of Scotland, the Citizens Financial Group, the American retail bank, is setting off on its own. The bank raised $3 billion in its initial public offering on Tuesday, valuing itself at $12.9 ...
Shares rise on ‘No’ vote as pound rally fades
September 19th, 2014
The pound has hit a two-year high against the euro and a two-week high against the US dollar, as Scotland voted against independence. The pound also jumped nearly 0.8% to $1.6525 against the US dollar, before falling back slightly. ...
West TX Oil Eases Below $95 on Stock Build
September 17th, 2014
Brent crude steadied below $99 per barrel on Wednesday, after staging its steepest climb in two weeks in the previous session, on hopes the Organization of the Petroleum Exporting Countries (OPEC) will cut output and reduce a global supply ...
Economists can’t tell Scots how to vote
September 17th, 2014
Here is the bad news if you haven’t made up your mind whether to vote for Scotland to become independent – economic analysis cannot give you the answer. That is partly because this dismal science is not capable of ...
