Search Results for: US
Sherman, PRA Drop $16 Million Debt Collection in New York
May 8th, 2014
Two of the largest U.S. consumer debt buyers agreed to drop collections on about $16 million in judgments to settle allegations they violated New York law in pursuing debtors, the state attorney general’s office said. Portfolio Recovery Associates (PRAA) ...
Toyota profit nearly doubles to $17.8bn
May 8th, 2014
Japanese carmaker Toyota has seen its profits nearly double, boosted by the yen’s weakness and cost cutting. It made a net profit of 1.82 trillion yen ($17.8bn; £10.5bn) in the year to 31 March, up from 962bn yen a ...
CySec imposes administrative fine to Mega Εquity Securities & Financial Services Public Ltd
May 8th, 2014
The Council of the Cyprus Securities and Exchange Commission informs the investors that after its meeting on the January 20, 2014, has decided to impose an administrative fine to KEPEY Mega Εquity Securities & Financial Services Public Ltd as follows: ...
CySec: Regulation for Ukraine
May 8th, 2014
The Cyprus Securities and Exchange Commission (CySec) informs, the Cyprus Investment Firms, the Management Companies, the Administrative Services Companies and the Regulated Markets (‘the Regulated Entities) about the publication in the Official Journal of the European Union of the ...
Billionaire Kwoks Plead Not Guilty to HK Official Bribes
May 8th, 2014
Thomas and Raymond Kwok, the billionaire brothers running Hong Kong’s second-largest developer, and the Chinese city’s former No. 2 official pleaded not guilty today to charges including conspiracy to commit misconduct in public office. Rafael Hui, the Government’s Chief ...
Banks Cutting Spreads to Win Borrowers
May 7th, 2014
Tighter spreads, lower credit line fees, fewer interest-rate floors, looser covenants — banks continue to ease terms to build their business loan books. CFOs that haven’t refinanced their company’s bank loan in a while may want to review the ...
HMRC seeks powers to recover tax debts from ISAs
May 7th, 2014
HM Revenue & Customs (HMRC) is looking to increase its powers to allow it to take tax debts directly from individuals’ ISAs. In this year’s Budget, the government gave HMRC the power to recover tax debts of over £1,000 ...
Ex-Co-Op Bank Chairman Fined $890 for Having Cocaine, Meth
May 7th, 2014
Paul Flowers, the former chairman of Co-Operative Bank Plc, was fined 525 pounds ($890) after pleading guilty to possession of cocaine, crystal meth and ketamine. Flowers, a 63-year-old Methodist minister who was Co-Op Bank’s chairman from March 2010 until ...
Billionaire Hedge Funders Made Money the Old-Fashioned Way
May 7th, 2014
So Institutional Investor’s Alpha put out its 2013 hedge fund compensation ranking today, and I guess we should talk about it because rich people got paid money and that is fun to gawp at. The obvious thing to say ...
CySec: renouncement of license
May 6th, 2014
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement as follows: On 18th of November 2013, the CIF «NCI Finance Ltd», which provided investment services via the domain www.ncifinance.com, renounced its authorization pursuant to section 24(1)(b) of the ...
