Search Results for: UBS
Visa Said in Talks to Buy Visa Europe for Up to $20 Billion
May 11th, 2015
Visa Inc., the world’s largest payments network, is in preliminary talks to buy former subsidiary Visa Europe Ltd. in a deal that may be valued at as much as $20 billion, people with knowledge of the matter said. The ...
FXCM Inc. Announces First Quarter 2015 Results
May 11th, 2015
Releases April 2015 Customer Trading Metrics First Quarter 2015 Highlights: U.S. GAAP trading revenues from continuing operations of $69.2 million U.S. GAAP net loss attributable to FXCM Inc. from continuing operations of $393.3 million or $8.35 per fully diluted share U.S. GAAP revenues from discontinued operations of $28.8 million ...
EU Clarifies Digital VAT Proposals
May 11th, 2015
The European Commission has released more detail on its value-added tax proposals under its new Digital Single Market Strategy. The Commission previously confirmed it will legislate in 2016 to reduce the administration burden on businesses arising from different VAT ...
Hungary To Lower Bank Tax
May 11th, 2015
The Hungarian Government is to submit a legislative amendment to Parliament for its approval that would lower the bank tax. The amendment was drafted based on discussions between Hungary and the European Bank of Reconstruction and Development (EBRD) in ...
IMF Works With Bank Regulators on Contingency Plans for Greek Default
May 11th, 2015
Discussions with authorities in southeastern Europe aimed at girding for potential failure of bailout talks The International Monetary Fund is working with national authorities in southeastern Europe on contingency plans for a Greek default, a senior fund official said—a ...
Asian shares rebound, sterling jumps on UK exit polls
May 8th, 2015
Asian shares rebounded from one-month lows on Friday, helped by signs global bond markets are stabilising after a big selloff, though investors were on guard ahead of U.S. jobs data and crunch talks between Greece and its creditors at the weekend. ...
Banks Expected to Settle FX Probes for Billions
May 7th, 2015
Citigroup Inc., Barclays PLC, J.P. Morgan Chase & Co. and Royal Bank of Scotland Group are expected to plead guilty to rigging foreign-currency exchange rates and pay billions in combined penalties. Four big banks are expected to plead guilty ...
Saudi Arabia on Target to Open Tadawul to Foreign Investors with Issuance of Rules for Qfi’s
May 7th, 2015
The Saudi Capital Markets Authority (CMA) has finally formally issued its eagerly anticipated regulations for Qualified Foreign Investors (QFI’s) to invest in the Tadawul All Share Index. The new regulations take effect on 01 June 2015 and will mean ...
SFC recovers $190 million for investors of collapsed hedge fund
May 7th, 2015
The Securities and Futures Commission (SFC) today resolved proceedings involving the Descartes Athena Fund SPC (the Athena Fund), paving the way for about 340 overseas investors allegedly defrauded by the collapsed private hedge fund to recoup part of their ...
FINRA Sanctions LPL Financial LLC $11.7 Million for Widespread Supervisory Failures Related a Number of Key Areas
May 7th, 2015
FINRA Sanctions LPL Financial LLC $11.7 Million for Widespread Supervisory Failures Related to Complex Products Sales, Trade Surveillance and Trade Confirmations Delivery LPL Ordered to Pay Approximately $1.7 Million in Restitution to Customers The Financial Industry Regulatory Authority (FINRA) ...
