Search Results for: UBS AG
Cyprus, Lebanon, Egypt, and Israel are issuing a new series of natural gas exploration licenses
August 25th, 2016
The major natural gas reservoirs that have been discovered off the Mediterranean shores in recent years have made the region a focus of international interest. The past few months have been especially lively, with Lebanon, Egypt, Cyprus, and Israel ...
Coda Payments raises $2M to enable alternative online payments in Asia
August 25th, 2016
Relying on credit cards doesn’t work in Southeast Asia, where less than 10 percent of the 600 million population are estimated to own plastic. That makes alternative payments, like bank transfer or over-the-counter, critical for anyone doing business in ...
Four Major Banks Plan to Create Their Own Cryptocurrency
August 25th, 2016
Few major international banks may soon have their own cryptocurrency. According to a recent media report, the banks that are initially going to be part of this initiative includes UBS, BNY Mellon, Deutsche Bank and Banco Santander. These four major banks, who also happen to ...
U.S. Warns Apple Tax Probe in Europe Could Set ‘Undesirable Precedent’
August 25th, 2016
Just weeks before the European Commission is expected to make a decision in its landmark Apple tax probe, the U.S. Treasury department has criticized the Brussels-based body for “threatening international agreements on tax reform,” and warned that a decision against ...
CFTC Grants Registration to Seed SEF LLC
August 24th, 2016
The U.S. Commodity Futures Trading Commission (CFTC) announced today that it has issued an Order of Registration to Seed SEF LLC (Seed), of Chicago, Illinois, granting it fully registered status with the CFTC as a Swap Execution Facility (SEF). ...
Former Swiss banker ‘Whistleblower’ has been sentenced to a 14-month suspended jail
August 24th, 2016
Former Swiss banker Rudolf Elmer has been sentenced to a 14-month suspended jail term after being found guilty of forgery and making threats in a long-running legal battle involving his former employer Julius Bär. However, the Zurich court on Tuesday ...
Many Reporting Entities Unprepared For FATCA
August 24th, 2016
New research shows that financial institutions are generally confident about meeting existing and incoming automatic exchange of information obligations. However, the study also found that a significant proportion of the industry is facing higher costs and risking fines by ...
The S&P 500’s new sector could be a really big deal
August 23rd, 2016
The S&P 500 is about to undergo a landmark change, and it could have interesting and important developments for investors. Since 1999, the index of large-cap stocks has been cut into 10 broad sectors, with the distinctions critical for ...
Cashpoint merger faces in-depth investigation
August 23rd, 2016
Diebold and Wincor face an in-depth merger investigation by the CMA unless the companies offer undertakings to address competition concerns. Diebold, Incorporated (Diebold) and Wincor Nixdorf AG (Wincor) both supply ATMs (cashpoints) to banks and independent ATM deployers. The ...
Nukkleus which obtained a shareholder stake in IBIH Limited the parent company of IronFX Global Group files Q2 financial report
August 22nd, 2016
Nukkleus Inc. has filled its Quarterly Report with the U.S. Securities and Exchange Commission (SEC) in the Form of FORM 10-Q/A, providing, among other, insights of the acquisition of a 9.9% shareholder stake in IBIH, as well as the acquisition ...
