Search Results for: Total
HSBC hopes to leapfrog rivals with new China partnership
November 10th, 2015
HSBC to use JV to tap China’s onshore bond market Foreign rivals on restrictive licences have made little inroad HSBC will have full control of JV and broader licence Risk of rising defaults in slowing Chinese economy HSBC is ...
MTN CEO Dabengwa Resigns After $5.2 Billion Nigeria Penalty
November 9th, 2015
Dabengwa is replaced by Chairman Nhleko for up to six months The shares pare early losses to trade higher in Johannesburg MTN Group Ltd. Chief Executive Officer Sifiso Dabengwa unexpectedly resigned from Africa’s biggest mobile-phone operator to take responsibility ...
CFTC Releases Annual Enforcement Results for Fiscal Year 2015
November 9th, 2015
Agency Filed 69 Enforcement Cases and Achieved a Record $3.14 Billion in Civil Monetary Penalties Ordered The U.S. Commodity Futures Trading Commission (CFTC) today released the agency’s enforcement results for fiscal year (FY) 2015, which included a record $3.144 ...
Ex-JPMorgan Broker Admits Stealing $22 Million for Gambling
November 6th, 2015
Michael Oppenheim pleads guilty in Manhattan federal court Ex-broker also used investor money to pay bills, trade stocks A former JPMorgan Chase & Co. broker admitted he stole more than $22 million from customer accounts and used the money to gamble ...
Virtusa Announces Definitive Agreement to Acquire a Majority Interest in Polaris Consulting & Services, Ltd.
November 5th, 2015
Virtusa and Polaris would together create a leading global provider of end-to-end IT services and solutions to banking and financial services (“BFS”) industry segment. Virtusa and Polaris collectively will have approximately 18,000 (1) employees, generating $826 million of pro ...
Oil down more than 3% as U.S. crude stockpiles rise 6 straight weeks
November 5th, 2015
EIA reports 2.8 million-barrel weekly climb in crude supplies Oil futures lost more than 3% on Wednesday as U.S. government data showed that crude inventories rose for a sixth week in a row. Strength in the dollar added to ...
Greece May Win 2 Billion-Euro Payout by Monday, EU Official Says
November 4th, 2015
Greek banks are said likely to need some rescue funds Extra 15 billion euros for Greek lenders seen as unnecessary The Greek government might win a delayed 2 billion-euro ($2.2 billion) aid disbursement by Nov. 9 and the country’s ...
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 ...
Investor sues DBS over Forex trade case
November 4th, 2015
She claims bank misled her into buying ‘useless’ options to protect margin positions A Singapore businesswoman, who lost US$6 million (S$8.4 million) in forex trades, has sued DBS Bank, seeking to restore her accounts to their levels before the ...
GAIN Capital Reports Third Quarter 2015 Results
November 4th, 2015
Third Quarter Highlights1 Net revenue of $127.9 million (up from $111.6 million) Net income of $7.8 million (up from a loss of $8.8 million) Adjusted EBITDA2 of $29.8 million (up from $9.2 million) Earnings per share of $0.19 (up from a loss of $0.23 per share) Adjusted earnings per share2 of $0.31 (up from $0.01 per share) GAIN ...
