Search Results for: UBS AG
US Justice Dept hits 80 Swiss banks with penalties
February 1st, 2016
Eighty Swiss banks have agreed to pay the US fines totaling $1.36 billion in order to avoid court prosecution, according to the US Justice Department. After the investigation has been completed all the banks are required to cooperate in ...
Barclays, Credit Suisse Charged With Dark Pool Violations
February 1st, 2016
The latest update regarding the charges is that Barclays and Credit Suisse Agree to Dark Pools Settlements Barclays Plc and Credit Suisse Group AG agreed to settle allegations by New York’s top cop and the U.S. Securities and Exchange ...
Israel, Greece and Cyprus to explore gas pipeline to Europe
January 29th, 2016
Greece, Israel and Cyprus will explore the possibility of building a natural gas pipeline to Europe, tapping huge gas reserves discovered in the eastern Mediterranean in recent years, leaders of the three countries said on Thursday. Israel has reported ...
China’s Gold purchases this year will exceed the entire holdings of all but about 20 countries worldwide
January 28th, 2016
China’s gold buying to top 200 tons this year, Barclays says Country seeks to diversify its reserves. China will press on with gold purchases this year and the central bank will probably scoop up more than 200 metric tons ...
Which country is the World’s Favorite New Tax Haven?
January 28th, 2016
The World’s Favorite New Tax Haven Is the United States Moving money out of the usual offshore secrecy havens and into the U.S. is a brisk new business. Last September, at a law firm overlooking San Francisco Bay, Andrew ...
Credit Suisse upgrades interdealer broker ICAP
January 28th, 2016
Credit Suisse upgraded interdealer broker ICAP to ‘outperform’ from ‘neutral’ saying deal synergies and the stock’s re-rating potential appeared to be undervalued. In November, ICAP announced plans to sell its global broking division to Tullett Prebon. The enlarged group ...
Seabury FXone and Spotex Enter Into Joint Product Offering
January 27th, 2016
Agreement Expands Companies’ Global Network of Institutional Clients Seabury Financial Solutions LLC (“FXone”), a subsidiary of Seabury Group LLC (“Seabury”) and a provider of FX liquidity management solutions announced that the company entered into a Joint Product Offering with ...
UK tax avoidance: Google looks ‘to pay three times more tax’ in France than in UK
January 26th, 2016
Google is said to be negotiating a tax settlement with France worth three times more than it paid the British Exchequer even though it employs thousands more staff in the UK. The UK arm generates about three times as ...
Deutsche Bank Convicted With Trader for Korea Stock Manipulation
January 26th, 2016
Employee gets five-year jail term for causing 2010 Market Rout Bank is fined for role in erasing $23 billion in share values Deutsche Bank AG’s South Korean brokerage unit and one of its employees were convicted of manipulating share ...
How domestic economic strength can prevail over global weakness
January 26th, 2016
Find below the Keynote speech by Mario Draghi, President of the ECB, at the Deutsche Börse Group New Year’s reception 2016, Eschborn, 25 January 2016 Thank you, Mr Faber, for your very kind introduction. And let me start by ...
