Search Results for: UBS
Japanese Panel Looks For Gradual Corporate Tax Cuts
April 24th, 2014
An early cut in the country’s high corporate tax rate is to be recommended by the study group that was established by the Japanese Government’s Tax Commission to look at corporate tax reform. The study group has recommended that ...
FX Market Trading and Clearing System Schedule Update
April 23rd, 2014
An updated version of Moscow Exchange”s ASTS FX market trading and clearing system is to come online on 28 April 2014. Testing with the involvement of trading participants will take place on 26 April. The system will be available ...
Puerto Rico woos rich with hefty tax breaks
April 23rd, 2014
John Paulson is expected to expand his investment in Puerto Rico to $1 billion by the end of next year, as the hedge fund titan leads a growing brigade of wealthy U.S. business owners who are taking advantage of ...
SFC reprimands and fines The Royal Bank of Scotland PLC $6 million for internal control failings
April 22nd, 2014
The Securities and Futures Commission (SFC) of Hong Kong, has issued a reprimand to The Royal Bank of Scotland Public Limited Company (RBS) and fined it $6 million for internal control failures relating to the detection and prevention of ...
Cyber Risk: Are Boards the New ‘Target’?
April 22nd, 2014
Directors and officers need to understand how to improve their insurance policy’s response to cyber risk. For any public company, a large data breach, such as the latest Target hack, could be material enough to warrant the filing of ...
Civil courts braced for fee increases
April 22nd, 2014
A series of court fee increases will come into force today with critics warning they will prevent access to justice for the poorest. Changes to the upfront court fee for proceedings in England and Wales will increase the fee ...
Former Deutsche Bank Salesman Admits Bribery in Tokyo
April 22nd, 2014
Former Deutsche Bank AG (DBK) salesman Shigeru Echigo admitted to bribery charges in Tokyo and said he acted on instructions from his managers, as authorities push brokerages to be more judicious in entertaining clients. At the start of his ...
Wall Street Bond Dealers Whipsawed on Bearish Treasuries Bet
April 22nd, 2014
Betting against U.S. government debt this year is turning out to be a fool’s errand. Just ask Wall Street’s biggest bond dealers. While the losses that their economists predicted have yet to materialize, JPMorgan Chase & Co. (JPM), Citigroup ...
Sonray director jailed following $46 million collapse
April 17th, 2014
The Australian Securities and Investments Commission (ASIC), has issued a press release informing the investors that former sole director of Sonray Capital Markets Pty Ltd (Sonray), Mr Russell Andrew Johnson, has been sentenced to six-and-a-half years in jail. Today’s ...
High-Frequency Fight Starts in Foreign Exchange
April 17th, 2014
Foreign-exchange dealers say they have the solution to the high-frequency trades eroding banks’ profits across financial markets. A currency-dealing platform known as ParFX, established in 2011 by firms from Deutsche Bank AG to Citigroup Inc., was approached last month ...
