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FXCM to Update Its Negative Balance Policy
March 24th, 2015
FXCM Australia Limited (FXCM AU), today announced that it will be updating its Negative Balance Policy for new and existing clients in the near future. Existing clients should expect to receive more details about the updated policy in the ...
BOI: The Monetary Committee keeps the interest rate for April 2015 unchanged at 0.1 percent
March 24th, 2015
Inflation data The Consumer Price Index for February declined by 0.7 percent, while forecasters had projected a decline of 0.6 percent, on average. The decline in electricity prices, which came into effect in February, contributed 0.3 percentage points toward ...
Fed: Agencies Provide Feedback on Resolution Plans of Three Foreign Banking Organizations
March 24th, 2015
Firms Required to Address Shortcomings in 2015 Submissions The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) on Monday announced that they had completed the reviews of resolution plans submitted in 2014 by three large, foreign banking ...
China to reap Alibaba windfall as tightens up on tax
March 23rd, 2015
China could make billions of dollars from taxing gains made by employees of e-commerce giant Alibaba Group BABA.N who are free to sell their shares for the first time since its IPO, as the country tightens up its leaky ...
Citigroup Says Court Order Will Let It Pay Argentine Bond Interest
March 23rd, 2015
There is a new twist in the fight between Argentina and a group of hedge funds that has been playing out in New York courts. A United States federal court has allowed Citigroup to make interest payments to investors holding $2.3 billion of ...
Oil prices down as Opec remains stern about production levels
March 23rd, 2015
Oil prices declined further after Saudi Arabia’s oil minister said it is not the sole responsibility of Opec to raise oil prices in further indication that the biggest oil exporter has no plans to reduce oil production. Despite the ...
Federal Reserve System publishes annual financial statements
March 23rd, 2015
The Federal Reserve System on Friday released the 2014 combined annual financial statements for the Federal Reserve Banks, as well as statements for the 12 individual Federal Reserve Banks, Maiden Lane LLC, and the Board of Governors. These ...
Switzerland, EU to tackle tax evasion
March 20th, 2015
Bern and Brussels have clinched a deal to exchange bank account data in an effort to tackle tax fraud. The agreement comes after a recent report exposed the global economic damage caused by offshore accounts. Switzerland and the European ...
FXCM update regarding its Negative Balance Policy
March 20th, 2015
Forex Capital Markets Limited (FXCM UK), today announced that it will be updating its Negative Balance Policy for new and existing clients in the near future. Existing clients should expect to receive more details about the updated policy in ...
The Role of Securitization in Dealing with the Banking Problems
March 20th, 2015
One of the main problems that our banking sector is facing is obviously the incredibly excessive amount of non-performing loans (NPLs) on our banks’ balance sheets that reached almost 50% (about €28 billion) of their total loan portfolio! A ...
