Search Results for: UBS
Most Asian markets up in wake of dovish Yellen remarks, but Nikkei lags
March 30th, 2016
Most Asian markets advanced after remarks from Federal Reserve chair Janet Yellen assuaged concerns about a near-term interest rate hike, but Japan’s shares retreated as the yen strengthened. “Janet Yellen doubled down on dovishness, in a speech full of risks to ...
ASIC facilitates easier electronic disclosure under the ePayments Code
March 29th, 2016
ASIC has today announced changes to the ePayments Code that will make it easier for businesses to give information to their customers in a digital form. Under the changes, subscribers to the ePayments Code will be able to give ...
R.B.S. Hires Former Barclays Lawyer as General Counsel
March 29th, 2016
The Royal Bank of Scotland said on Thursday that it had hired a top lawyer who used to work at its British banking rival Barclays to serve as its new general counsel. The lawyer, Michael Shaw, served as deputy ...
Egypt targets higher growth, deficit reduction in new government program
March 29th, 2016
Egypt promised tough action to restore growth on Sunday with a government program that aimed to reduce the budget deficit while protecting the poor as public anger mounts over a deteriorating economy. Prime Minister Sherif Ismail, reading out a ...
Greece Economic Crisis Enters Year 9
March 28th, 2016
Greece’s fledgling economy fell back into recession in the fourth quarter of 2015, as the combination of sky-high unemployment, weak inflation and a shaky financial sector ended a turbulent year defined by political crisis and uncertainty. Gross domestic product ...
US Treasury rules FBME ‘still a money laundering concern’
March 28th, 2016
The US Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued a final ruling imposing prohibition on the opening or maintaining of correspondent accounts for, or on behalf of, FBME Bank Ltd, the Central Bank of Cyprus (CBC) announced on ...
Low Oil Prices Forcing Saudi Arabia To Modernize Economy
March 28th, 2016
The collapse in oil prices is forcing Saudi Arabia to undertake some deep and fundamental changes to its economy, reforms that no amount of browbeating from organizations like the IMF could induce. A new report from The Atlantic Council finds that ...
Moody’s reviews for downgrade Deutsche Bank’s ratings
March 24th, 2016
Moody’s Investors Service has placed on review for possible downgrade the ratings of Deutsche Bank AG (“Deutsche Bank”) and affiliates, including the bank’s long-term deposit rating of A2, its senior unsecured debt rating of Baa1, its standalone baseline credit ...
British and Australian financial regulators sign agreement to support innovative businesses
March 23rd, 2016
Under a new world-first agreement, innovative fintech companies in Australia and the United Kingdom will have more support from financial regulators as they attempt to enter the others’ market. As a result of the agreement signed today, the UK’s Financial ...
Ex-Goldman Sachs Banker Bansal Gets Probation Over Fed Leak
March 23rd, 2016
Bansal pleaded guilty to getting documents from friend at Fed Prosecutors had sought a sentence of as long as a year An ex-Goldman Sachs Group Inc. banker who got a former colleague to steal documents from the Federal Reserve ...
