Search Results for: UBS
Taking the petro out of the dollar
May 4th, 2016
Saudi Arabia has been in the news recently for several interconnected reasons. Underlying it all is a spendthrift country that is rapidly becoming insolvent. While the House of Saud remains strongly resistant to change, a mixture of reality and ...
European stocks dragged lower
May 4th, 2016
European stocks capped their worst three-day decline since February as miners plunged and lenders fell on earnings reports. By the close in Dublin, the ISEQ Overall Index was down 1.94pc, or 119.25 points, to end the trading day at ...
US Court Dismisses Case Against FATCA Disclosures
May 4th, 2016
The US District Court for the Southern District of Ohio has dismissed a case brought by Senator Rand Paul (R – Kentucky) and a group of individuals, who attempted to make several challenges to the Foreign Account Tax Compliance ...
FINRA fined MetLife Securities, Inc. $25 Million
May 4th, 2016
Largest FINRA Fine Relating to Variable Annuities The Financial Industry Regulatory Authority (FINRA) announced today that it has fined MetLife Securities, Inc. (MSI) $20 million and ordered it to pay $5 million to customers for making negligent material misrepresentations ...
FIS Reports First Quarter 2016 Results
May 4th, 2016
Revenue of $2.2 billion, 4.2 percent organic revenue growth EPS from continuing operations of $0.17, or $0.79 on an adjusted basis, a 22% increase SunGard integration ahead of plan Free cash flow of $338 million FIS™ (NYSE:FIS), a global leader in financial services technology, ...
Seven big banks settle U.S. rate-rigging lawsuit for $324 million
May 4th, 2016
Seven of the world’s biggest banks have agreed to pay $324 million to settle a private U.S. lawsuit accusing them of rigging an interest rate benchmark used in the $553 trillion derivatives market. The settlement made public on Tuesday, ...
5 reasons Why someone would use Bitcoin
April 28th, 2016
It has now been eight years since Satoshi Nakamoto released his peer-to-peer digital cash system to the world, and the debate over whether or not the payment network and currency have any real, long-term value is still undecided. Having said that, ...
Thomson Reuters Reports First-Quarter 2016 Results
April 27th, 2016
Thomson Reuters (TSX / NYSE: TRI) today reported results for the first quarter ended March 31, 2016. The company also re-affirmed its 2016 full-year outlook. Reported revenues declined 1%. Before currency, revenues grew 1% Excluding recoveries, revenues increased 2% ...
Lessons from Japan: Decades of Decay, Unavoidable Collapse
April 27th, 2016
Japan has proven that decay can be stretched into decades, but it has yet to prove that gravity can be revoked by central bank monetary games. Japan’s fiscal and monetary extremes are in the news again: this time it’s ...
Former PwC employees to stand trial over Luxleaks scandal
April 26th, 2016
THE LUXLEAKS scandal starts a new chapter today as two former PwC employees go on trial accused of leaking thousands of corporate documents that expose Luxembourg’s shadowy tax deals. Antoine Deltour, a former auditor for the Big Four firm and ...
