Search Results for: UBS
Presentation of the ECB Annual Report 2015 to the Committee on Economic and Monetary Affairs of the European Parliament
April 8th, 2016
Vítor Constâncio, Vice-President of the ECB presented the ECB’s 2015 Annual Report. Below is the presentation as it was published: Mr Chairman, Honourable Members of the Committee on Economic and Monetary Affairs, Ladies and gentlemen, I am honoured to ...
BNP Paribas embraces Silicon Valley through Plug and Play partnership
April 8th, 2016
BNP Paribas and its US subsidiary Bank of the West are looking to bolster their relationship with Silicon Valley through a partnership with the fintech platform of giant technology accelerator Plug and Play. The banks have signed up as ...
China Foreign-Exchange Reserves Rise for First Time in Five Months
April 8th, 2016
Increase comes as the yuan has staged a recovery in recent weeks China’s foreign-currency reserves rose during March, the first increase in five months, a sign Beijing may have partially succeeded in stemming heavy capital outflows that destabilized global ...
Justice Department Sues to Block Halliburton’s Acquisition of Baker Hughes
April 7th, 2016
Merger would eliminate significant head-to-head competition in oilfield services industry The Department of Justice filed a civil antitrust lawsuit today seeking to block Halliburton Company’s proposed acquisition of Baker Hughes Inc., alleging that the transaction threatens to eliminate competition, ...
HSBC, RBS and Barclays plan to close 400 branches
April 7th, 2016
Three of Britain’s largest banks are planning to close about 400 branches this year, according to people familiar with the situation, a new programme of closures that could leave thousands of customers without easy access to a bank. The ...
Catalytic Finance Initiative Brings Together Banks and Investors, Directs $8 Billion in Capital for High-Impact Sustainable Projects
April 6th, 2016
AllianceBernstein, Babson Capital Management, Bank of America, Crédit Agricole CIB, European Investment Bank, HSBC, International Finance Corporation, Mirova and the Aligned Intermediary to Fund Clean Energy Solutions A consortium of leading financial institutions and investors today announced a new partnership ...
Christine Lagarde: IMF chief says ‘we are on alert’ when assessing risks to global growth
April 6th, 2016
International Monetary Fund Managing Director Christine Lagarde amped up calls for stronger action by world’s economies to boost growth, warning that downside risks were increasing without decisive action. In a speech at Goethe University of Frankfurt on 5 April, ...
SFAT affirms SFC decision to reprimand and fine Moody’s over Red Flags Report
April 6th, 2016
The Securities and Futures Commission (SFC) has reprimanded Moody’s Investors Service Hong Kong Limited (Moody’s) and fined it $11 million for various failures relating to its preparation and publication of the special comment report entitled “Red Flags for Emerging-Market ...
Can A Divided OPEC Agree On Anything In Doha?
April 6th, 2016
Only two weeks remain until the fated meeting between the OPEC countries and their counterparts from outside the organization, scheduled to take place in the Qatari capital of Doha on the coast of the Persian Gulf. The meeting could ...
Credit Suisse, HSBC dismiss ‘Panama Papers’ tax avoidance allegations
April 6th, 2016
Credit Suisse and HSBC, two of the world’s largest wealth managers, dismissed on Tuesday suggestions they were actively using offshore structures to help clients cheat on their taxes. Their comments came a day after a leak of four decades ...
