Search Results for: Shares
Standard Chartered seeks £3.3bn from shareholders
November 4th, 2015
Bank posts first loss in years, and says it will cut 15,000 jobs and withdraw from riskier lending Standard Chartered is asking shareholders to stump up £3.3bn while axing 15,000 jobs after reporting its first quarterly loss in 15 years. ...
Worldline to join forces with Equens to strengthen its pan-European leadership in payment services
November 4th, 2015
A transformational deal for Worldline, providing the enlarged Worldline Group a highly comprehensive pan-European footprint, with leading positions and offerings in key geographies (France, Belgium, the Netherlands, Germany, Italy, the Nordics). A transaction structured in two components: An asset/share deal in Financial Processing, by merging the processing ...
VW Emissions Issues Spread to Gasoline Cars
November 4th, 2015
Company adds about 2 billion euros to possible economic risk Tally of 800,000 added to estimated 11 million cars worldwide Volkswagen AG said it found faulty emissions readings for the first time in gasoline-powered vehicles, widening a scandal that so ...
BaFin and the SEC: An international comparison of supervisory practice
November 3rd, 2015
The Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) is often compared to the U.S. Securities and Exchange Commission (SEC) in the media and by the public. The SEC is frequently perceived as the more powerful authority, in ...
KPMG leads AIM audit market while BDO dominate oil & gas
November 3rd, 2015
KPMG reigns supreme with 152 AIM clients, marginally above BDO which has amassed just two fewer clients, the October 2015 Adviser Rankings reveal. Mazars increased its client count, and posted a 50% uplift in client market cap to catapult them ...
Dell eyes $10 billion asset sales ahead of EMC merger – sources
November 3rd, 2015
Dell Inc is preparing to sell around $10 billion in non-core assets, including software and services, to reduce the heavy debt load it will be taking on to buy EMC Corp (EMC.N), according to people familiar with the matter. ...
Turkish lira and stock market jump after election result
November 3rd, 2015
The Turkish lira and the Istanbul stock market rose sharply on Monday after the surprise win by the ruling Justice and Development Party (AKP) on Sunday. The lira was up almost 4% against the US dollar to 2.8 in ...
SEC Bars Brokers Who Played Favorites to Double Their Commissions
November 2nd, 2015
The Securities and Exchange Commission today barred two brokers at a now-defunct Connecticut brokerage for giving customer order information to certain favored customers, helping those customers get better prices while generating extra commissions for their firm. The SEC also ...
Greece: Recap won’t be enough for credit sector
November 2nd, 2015
The Greek economy will have to grow at satisfactory rates for many years to recoup the severe output loss recorded during the 2008-15 period, and perhaps 2016 too. This is not likely to happen if the private sector is ...
MTN fined $5.2 billion. Negotiations to continue.
November 2nd, 2015
Stock halted in Johannesburg after paring earlier decline Phone company has lost abouth fifth of its value since penalty MTN Group Ltd., Africa’s largest wireless operator, remains in negotiations with Nigerian regulators over a $5.2 billion fine for failing ...
