Search Results for: Vest Financial
Hellenic Capital Market Commission (HCMC) Decisions
May 21st, 2015
The Hellenic Capital Market Commission (HCMC) decided during its Board of Directors’ meeting, on 14.5.2015, the following: The approval of the offer document regarding the mandatory bid of PIRAEUS BANK SA to the shareholders of the company TRASTOR REIC, according to ...
Legal troubles continue to brew despite FX settlement
May 21st, 2015
European Banks embroiled in the FX rigging scandal saw their shares rise yesterday after regulatory fines came in lower than unexpected, despite further legal woes looming on the horizon in UK courts. FTSE-listed Barclays rose 3.37 per cent and RBS increased 1.78 per ...
FCA fines Barclays £284,432,000 for forex failings
May 20th, 2015
The Financial Conduct Authority (FCA) has imposed a financial penalty of £284,432,000 on Barclays Bank Plc (Barclays) for failing to control business practices in its foreign exchange (FX) business in London. This is the largest financial penalty ever imposed ...
Six Banks Pay $5.8 Billion, Five Plead Guilty to Market Rigging
May 20th, 2015
Six of the world’s biggest banks will pay $5.8 billion and five of them agreed to plead guilty to charges tied to a currency-rigging probe as they seek to wind down almost half a decade of enforcement actions. Citicorp, ...
Bitcoin: A Remarkable Innovation and Its Limitations
May 20th, 2015
My own sense is that popular interest in Bitcoin peaked about 12-18 months ago. Perhaps that interest will return. But for now, my sense is that Bitcoin represents a remarkable–indeed, a breakthrough–innovation which nonetheless is beginning to show its limitations. Rainer ...
CNMV (Spain): Warning against USFIA Inc. (having a web presence on www.usfiamlm.com)
May 20th, 2015
Pursuant to the second paragraph of Article 13 of the Law 24/1988, July 28th the Securities Markets Act, the Comisión Nacional del Mercado de Valores, warns that: USFIA Inc. www.usfiamlm.com Is not authorised to provide the investment services detailed in ...
CySec imposes administrative fine of €8.000 to a CIF
May 20th, 2015
The Cyprus Securities and Exchange Commission (‘CySEC’) has notified the public that has imposed an administrative fine of €8.000 to Reliantco Investments Ltd for the infringement of the Law which provides for the provision of Investment services, the exercise ...
Industry not prepared for MIFID II product governance challenges
May 20th, 2015
MIFID II will bring a significant increase in product governance responsibilities for all parties involved in the selling of an investment product. Under the new proposals both manufacturers of investment products and distributors will be responsible for the products ...
ASIC releases first licensing activity report
May 20th, 2015
ASIC today published its first report on its approach to licence applications to help inform businesses and individuals wanting to provide financial services or credit, or register as a liquidator or auditor. Report 433 Overview of licensing and professional registration ...
Top EU officials eye deal by end-May as technical-level talks make gradual progress
May 20th, 2015
As Greek government officials expressed their confidence that a deal with the country’s creditors is close, top European officials indicated Tuesday that although there has been progress in negotiations, an agreement is unlikely before the end of the month. ...
