Search Results for: US authorities
Chinese Property Developers Stake Out Shares In Commercial Banks, Intensifying Systemic Risks
April 14th, 2014
Major Chinese property developers have in recent months been buying increasingly large stakes in regional banks, posing risk that an unravelling in the real estate market could leave both lenders and builders confronting losses big enough to pose a ...
The billion-dollar bash – how post-crisis investigation work is changing the way law firms advise banks
April 11th, 2014
With banks setting aside eye-watering sums of money to meet liabilities generated by the fallout from the financial crash, in-house legal departments and law firms are having to rethink their business models. Alex Newman reports By any standards, $23bn ...
Deutsche Bank Said to Find Improper Communication in FX Case
April 10th, 2014
Deutsche Bank AG (DBK) put a London-based currency saleswoman on leave last month for inappropriate communication with the Monetary Authority of Singapore, a person familiar with the matter said. No other details on Kai Lew’s communications with MAS were ...
Turkey keeps YouTube block despite court rulings
April 10th, 2014
Turkish authorities defied court orders and reaffirmed a ban on YouTube imposed after the posting of illicit recordings of top secret security talks that was cited by Prime Minister Tayyip Erdogan as part of a “dirty campaign” to topple ...
NY bank regulator Lawsky seeks documents from Credit Suisse: source
April 7th, 2014
Benjamin Lawsky, New York’s financial services superintendent, has sought documents from Credit Suisse to examine whether Switzerland’s second-biggest bank lied to New York authorities about engineering tax shelters, said a source familiar with the matter. Switzerland’s private banking model ...
Kyriacos Kyriacou, CEO of Valutrades CY Ltd
April 2nd, 2014
When did Valutrades CY Ltd obtain the provisional licence from the Cyprus Securities and Exchange Commission (CySec)? Valutrades CY Ltd has successfully obtained the provisional licence from CySec on April 17, 2013. 2. For which reason did the company ...
ACCA research disputes corporate tax base erosion
April 2nd, 2014
RESEARCH commissioned by ACCA has found “extensive evidence” that the corporate income tax system is not broken, and is not being eroded. The paper, produced by Australia’s RMIT University School of Economics, Finance and Marketing, asserted that there is ...
Dashed Ikea Dreams Show Decades Lost to Bribery in Ukraine
March 31st, 2014
Almost half of Ukrainians say they desire Ikea products more than any other global brand, yet the largest home-furnishings retailer hasn’t been able to crack the market in a decade of trying. The reason: it won’t pay a bribe. ...
CBC: Financial Indicators of stability
March 26th, 2014
The Central Bank of Cyprus has published the basic aggregate financial indicators for the Cypriot banking and co-operative sector, for the fourth semester of 2013, which are based upon the Consolidated Banking Data (CBD) as follows: Financial Stability Indicators ...
HMRC new account raiding powers are “draconian”
March 24th, 2014
NEW POWERS which will allow HMRC to raid bank accounts are “draconian” and could lead to an abuse of power suggest a tax reform group and ACCA. The March Budget saw HMRC given powers to take money from bank ...
