Search Results for: UBS
SEC Announces Measures to Facilitate European Union’s MiFID II’s Research Provisions
October 27th, 2017
Following consultation with European authorities, and in response to concerns that investors could lose access to valuable research, the staff of the U.S. Securities and Exchange Commission issued three related no-action letters. These letters are designed to provide market ...
Deutsche Bank to Pay $220 Million over Libor interest rate manipulation
October 26th, 2017
Deutsche Bank AG agreed to pay 45 U.S. states a combined $220 million to resolve a probe into interest-rate manipulation, more than twice the amount of Barclays Plc’s settlement last year. The states’ investigation found that the German bank’s ...
KPMG and Barclays sued for ‘engineering’ administration of quarrying company
October 25th, 2017
Quarrying company Portland Stone Holdings Limited is suing Barclays and KPMG for ‘engineering’ the administration of its subsidiary, Stone Firms Ltd, in 2010. The Portland Stone suppliers allege that the Barclays business support unit was ‘an internal profit centre’ ...
FMA commentary on ICOs and cryptocurrencies
October 25th, 2017
The Financial Markets Authority (FMA), a regulatory authority for the capital markets and financial services in New Zealand, has published commentary on initial coin offers (ICOs) and cryptocurrency services alongside online resources for investors. Innovation is increasingly shaping financial ...
Omnislots by Dialinvest N.V. enters Paydentity contract for KYC
October 25th, 2017
Highlights: Dialinvest operates a number of sites, including Omnislots Paydentity will be enabled to verify Dialinvest customers Dialinvest will be able to meet AML requirements via Paydentity Revenue from Dialinvest to contribute to the current quarter iSignthis Ltd (ASX ...
Aussie dollar tumbled, Kiwi extended a slide, Gold fell 0.3 percent, Japan’s Topix index rose
October 25th, 2017
Gains in Asian equities stalled at recent highs, while optimism in the world economy and encouraging earnings reports buoyed the dollar and bond yields. The Australian dollar sunk to its lowest since July after inflation data damped the outlook ...
Former HSBC Executive Found Guilty of Fraud in $3.5 Billion Currency Trade
October 24th, 2017
A U.S. jury on Monday found former HSBC executive Mark Johnson guilty of defrauding Cairn Energy (CRNZF, +0.00%) in a $3.5 billion currency trade in 2011. U.S. prosecutors have said that Mark Johnson, formerly head of HSBC’s global foreign ...
Israel bans binary options industry; Operatives have three months to shut down
October 24th, 2017
The Knesset on Monday unanimously passed a law to ban Israel’s binary options industry, a vast, multibillion dollar scam that has defrauded millions of victims worldwide for a decade. The law, which will go into effect three months from ...
Yen and Kiwi fell, the Euro was down; Key events coming up this week
October 23rd, 2017
A landslide election victory for Japan Prime Minister Shinzo Abe sent the yen down and stocks in Tokyo higher, with the path paved for a continuation of loose monetary policy. With Abe now in good political shape ahead of ...
The productivity myth
October 20th, 2017
Every now and then, there’s a rash of commentary on national productivity. And for the British, productivity is all part of the Brexit angst, with the OECD, the Treasury, the Bank of England and Remainers all saying the ...
