Search Results for: UBS
Visa: Why 2015 was the year for payments
December 28th, 2015
2015 was definitely the year for payments. The sector saw transaction volumes grow an average of nine percent. New players like Apple joined the game. Others like Samsung and Google limbered up on the touchline. The fintech trend really swept the ...
India puts brakes on Facebook’s Free Basics scheme
December 28th, 2015
Facebook‘s effort to provide Indians with free access to a limited number of internet services has run into trouble. India’s telecoms regulator has asked the mobile network that partnered with the US firm to put their Free Basics offer ...
FBME launches legal fight against Cyprus Central Bank
December 23rd, 2015
The Federal Bank of the Middle East (FBME) Limited has announced that immediate legal action is being launched to contest the revocation by the Central Bank of Cyprus (CBC) of FBME Bank’s license for its branch in Cyprus and ...
Deutsche Bank Tally of Suspect Russia Trades Said at $10 Billion
December 22nd, 2015
Beyond mirror trades, $4 billion in transactions were flagged Regulators said to have received review results in September Deutsche Bank AG has identified as much as $4 billion in suspicious transactions related to its Russian operations, in addition to ...
Greece: Brussels demands changes in shipping taxation
December 22nd, 2015
The European Commission has called for a radical change in the way shipping firms are taxed in Greece. On Monday Brussels sent a series of proposals to Athens that Greece is expected to adopt so that the country’s law ...
Saudi Arabia’s government is looking at smart, alternate revenue sources
December 21st, 2015
Saudi Arabia’s foreign reserves are a confidence booster but undoubtedly the government is looking at smart, alternate revenue sources that will not erode the country’s competitive advantage, say economists. Saudi Arabia has the financial depth to continue spending on ...
J.P. Morgan to Pay $267 Million for Disclosure Failures
December 21st, 2015
The Securities and Exchange Commission announced that two J.P. Morgan wealth management subsidiaries have agreed to pay $267 million and admit wrongdoing to settle charges that they failed to disclose conflicts of interest to clients. An SEC investigation found that ...
Creation of a “Bad” Bank
December 21st, 2015
The banking sector in Cyprus has gone through radical transformation in the last few years following the disastrous events of March 2013. To a large extent, the sector has regained confidence from both its domestic customers and the international ...
Commodity losses
December 18th, 2015
Markets have been extraordinarily complacent about the bad debts building up in the financial system. In the wake of the Fed’s decision to raise interest rates this week, the effect on debt was barely mentioned in the subsequent analysis ...
Cameron Claims Momentum as EU Offers Compromise on U.K. Demands
December 18th, 2015
Prime Minister David Cameron said his bid to change Britain’s relationship with the European Union is gathering momentum after fellow leaders signaled they are willing to find compromises on his demand for curbs on welfare. Rather than the fight ...
