Search Results for: Vest Financial
Welcome to the world of ZIRP zombies
August 14th, 2015
Interest rates in the US, Europe and the UK were reduced to close to zero in the wake of the Lehman crisis nearly seven years ago. Initially zero interest rate policy (ZIRP) was a temporary measure to counter the ...
China’s Yuan Rate Rises for First Time Since Devaluation
August 14th, 2015
The yuan halted a three-day slide after China’s central bank raised its reference rate for the first time since Tuesday’s devaluation and said it will intervene to prevent excessive swings. The onshore spot rate was little changed at 6.4003 ...
FCA bans and fines former director of advisory firm TailorMade Independent Ltd
August 13th, 2015
FCA UK has issued a press release to inform on its decision to ban and fine Robert Shaw, of TailorMade Independent Ltd, for SIPP advisory failings. Robert Shaw, former director of advisory firm TailorMade Independent Ltd (TMI), has been banned ...
Egypt faces taxing challenge amid its inaction on cutting fiscal deficit
August 13th, 2015
Egypt’s government in the coming months faces one of its biggest economic challenges since it came to power a year ago: the implementation of the long-planned value-added tax (VAT). The VAT promises to be hugely unpopular among businesses, which ...
Citigroup’s ‘Bad Bank’ Isn’t So Bad Anymore
August 13th, 2015
Citi Holdings, the ‘bad bank’ Citigroup created to dispose of unwanted assets, has become a surprise success story Citi Holdings was born to be bad. But it is getting better with age. The “bad-bank” unit of Citigroup Inc., Citi Holdings for more ...
Bitcoin’s Dark Side Could Get Darker
August 13th, 2015
Investors see riches in a cryptography-enabled technology called smart contracts–but it could also offer much to criminals. Some of the earliest adopters of the digital currency Bitcoin were criminals, who have found it invaluable in online marketplaces for contraband ...
Visa joins firms betting on technology behind Bitcoin
August 13th, 2015
Move comes at a time when banks around the world are looking at ways to use the technology to make transactions more efficient and secure Visa Inc. will soon have a team of engineers at its Bengaluru office to ...
Customers of LQD Markets are a step closer to receiving compensation
August 13th, 2015
Customers who bought investment products offered by LQD Markets (UK) Limited (LQD Markets) are protected by the Financial Services Compensation Scheme (FSCS). Those customers with cash only balances on all of their accounts must agree their account balances with ...
China central bank tries to soothe global markets, says no basis for yuan to fall further
August 13th, 2015
China’s central bank said on Thursday that there was no basis for further depreciation in the yuan given strong economic fundamentals, in a bid to reassure jittery global markets after it devalued the currency earlier in the week. As ...
The PBC Spokesman Answered More Press Questions on the RMB Exchange Rate
August 12th, 2015
1. Why does the central parity of RMB exchange rate against US dollar change nearly 1.6% on 12 August from that of 11 August? The central parity of RMB exchange rate against US dollar changed nearly 1.6% (in depreciation ...
