Search Results for: US authorities
Saudi plan to open stock market to foreign investors at ‘advanced’ stage
February 26th, 2015
Saudi Arabia’s plan to open its stock market to foreign investors is at an “advanced” stage, and the kingdom has already received substantial interest from overseas, said a senior economic leader. Prince Saud bin Khalid Al Faisal, the executive ...
Greek Finance Minister Varoufakis: We didn’t u-turn on reforms (Video)
February 25th, 2015
Greece’s latest deal with its fellow euro zone countries to secure an extension of its bailout program doesn’t mean the country’s new government has bowed to pressure, the country’s finance minister told CNBC. “We didn’t get elected in order ...
Eurogroup statement on Greece
February 24th, 2015
EU Council press release: The Eurogroup today discussed the first list of reform measures presented by the Greek authorities, based on the current arrangement, which will be further specified and then agreed with the institutions at the latest by ...
Advanced Payment Solutions (APS) links up with Post Office to become the first FinTech non-bank to offer banking services through its network
February 24th, 2015
APS Cashplus account holders can now access real time banking services through the Post Office’s 11,500 branches Advanced Payment Solutions, a leading FinTech player and alternative provider to traditional banks is announcing today a link up with the Post ...
Greek finance minister’s letter to the Eurogroup
February 24th, 2015
Following is the text of Greek Finance Minister Yanis Varoufakis‘s letter to Eurogroup President Jeroen Dijsselbloem outlining Greece’s proposed reforms. “Dear President of the Eurogroup, In the Eurogroup of 20 February 2015 the Greek government was invited to present ...
Cryptocurrency company’s operator arrested
February 24th, 2015
Ryan Kennedy committed fraud in the Dogecoin community last year. Kennedy, or “Alex Green” as he is known to the larger community, operated the cryptocurrency company Moolah before resigning amidst allegations of theft. In October of last year, Kennedy allegedly stole upwards ...
International and regional bodies that combat money laundering (Part A)
February 24th, 2015
Introduction Money laundering is a global phenomenon that thrives parasitically on the world’s financial markets. It ignores national boundaries in much the same way that the financial market place does. It has been accepted that this problem requires both ...
HSBC whistleblower spills Lynch evidence to Senate
February 19th, 2015
Massive drug, terrorism scandal ropes in Obama’s AG nominee The Senate Judiciary Committee on Wednesday conducted a two-hour session with HSBC whistleblower John Cruz in its investigation of attorney general nominee Loretta Lynch’s role in the Obama administration’s decision ...
Swiss police raid HSBC’s Geneva office
February 18th, 2015
Swiss police are searching offices of the Geneva subsidiary of HSBC bank in an inquiry into alleged money-laundering. Prosecutors said they are investigating HSBC Private Bank (Suisse) and “persons unknown for suspected aggravated money laundering”. The investigation could be ...
FCA joins HSBC tax-dodging inquiry
February 17th, 2015
The Financial Conduct Authority (FCA) says it is looking into the HSBC bank over its Swiss tax-dodging scandal. The move comes in the light of last week’s allegations that the bank had helped hundreds of people evade UK tax ...
