Search Results for: UBS
FINMA finds deficiencies in anti-money laundering processes at Credit Suisse
September 19th, 2018
The Swiss Financial Market Supervisory Authority FINMA has concluded two enforcement procedures against Credit Suisse AG. In the first procedure, FINMA identified deficiencies in the bank’s adherence to anti-money laundering due diligence obligations in relation to suspected corruption involving ...
European stocks keep steady; The pan-European STOXX 600 rose 0.1 percent
September 18th, 2018
The pan-European STOXX 600 reversed early losses to rise 0.1 percent at the close, while Germany’s DAX, home to large exporters and carmakers, was down 0.2 percent. Wall Street opened slightly lower but the dip did not change the ...
Positions, problems and prospects of EU ‘digital tax’ proposal
September 14th, 2018
Explained: The EU ‘Digital Tax’ Scramble EU finance ministers met last weekend for the fourth time this year to agree on a tax levy targeting large digital multinationals such as Apple, Facebook and Google – yet the political battle ...
Broker-Dealer to pay $2.75 million penalty
September 14th, 2018
The U.S. financial regulator Securities and Exchange Commission (SEC) announced that Convergex Execution Solutions LLC, now known as Cowen Execution Services LLC, will pay $2.75 million to settle charges that the broker-dealer firm provided the SEC with incomplete and ...
5 ways the World Economic Forum says Artificial intelligence is changing banking
September 13th, 2018
Artificial intelligence has been a focus of discussions at the World Economic Forum’s annual meeting in Davos, Switzerland, over the past few years, so the organization decided to partner with Deloitte Consulting on a study that sought to “cut ...
EU voted in favor of controversial copyright laws; The internet could be changed forever
September 13th, 2018
The EU has voted on copyright reform (again), with members of European Parliament this time voting in favor of the extremely controversial Articles 11 and 13. The 438 to 226 vote, described as “the worst possible outcome” by some ...
AMF: Restriction measures on CFDs and binary options is to protect investors
September 12th, 2018
The French regulator Autorité des Marchés Financiers (AMF), that regulates participants and products in France’s financial markets, reminds investors that the restriction measures for the CFDs and binary options agreed by ESMA is to protect them. In accordance an announcement ...
Online payment services make big IPO waves this year; Global IPO rankings in 2018
September 11th, 2018
The over $5 billion initial public offering in Hong Kong of Xiaomi, the world’s No. 4 smartphone maker, may have made the biggest splash in the global initial public offering market in the first half of the year, but ...
US Securities and Exchange Commission halts trading in two cryptocurrency products
September 10th, 2018
The U.S. Securities and Exchange Commission (SEC) said on Sunday it was immediately suspending trading in two investment products that track cryptocurrencies, citing confusion in the markets over whether the products are exchange-traded funds (ETFs). In accordance the SEC’s ...
12 US cities where accountants draw higher pay
September 10th, 2018
In an extremely competitive hiring environment, a competitive salary isn’t the only important benefit for employers of accountants to offer. Recently released salary guides by Robert Half International and Accounting Principals show that salary benchmarks are particularly high for ...
