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Monetary Policy Committee’s Decision on 11 March 2015

March 11th, 2015 (0)
Mr. Mathee Supapongse, Secretary of the Monetary Policy Committee (MPC), announced the outcome of the meeting on 11 March 2015 as follows. The committee voted 4 to 3 to reduce the policy rate by 0.25 percent from 2.00 to ...

China Economic Data Weaker Than Expected

March 11th, 2015 (0)
Growth in China’s investment, retail sales and factory output all missed forecasts in January and February and fell to multi-year lows, leaving investors with little doubt that the economy is still losing steam and in need of further support ...

U.S. banks’ buybacks, dividends may be no reason for shareholder celebrations

March 11th, 2015 (0)
Big U.S. banks, including JPMorgan Chase & Co (JPM.N) and Citigroup Inc(C.N), are expected to win Federal Reserve backing on Wednesday to buy back more shares and increase their dividends in the coming year, but the approvals may be as much about the institutions’ financial ...

Strongest Dollar in 12 Years Sinks Stocks While Oil Slips

March 11th, 2015 (0)
The strongest dollar in nearly 12 years versus the euro and the specter of higher U.S. interest rates fueled a selloff in global equities that sent the Standard & Poor’s 500 Index down the most since Jan. 5. Oil ...

TriOptima’s triResolve service expands in APAC adding Taiwan’s Taipei Fubon Commercial Bank

March 10th, 2015 (0)
TriOptima announces today that Taipei Fubon Commercial Bank (Fubon) is the first Taiwanese financial institution to join its triResolve portfolio reconciliation service. triResolve has grown 350% in Asia Pacific since 2012; and the service continues to add subscribers in ...

GAIN Capital Announces Monthly Metrics for February 2015

March 10th, 2015 (0)
GAIN Capital Holdings, Inc. (NYSE: GCAP) (“GAIN” or “the Company”) today reported certain operating metrics for the month of February 2015.   Retail metrics Retail OTC trading volume of $223.0 billion, a decrease of 20.2% from January 2015, and an increase of 30.3% ...

HSBC accused of incompetence by MPs in tax scandal

March 10th, 2015 (0)
HSBC executives have been accused by MPs of incompetence for saying they were unaware of tax evasion activities in their Swiss private bank. Chris Meares, the ex-head of HSBC’s private banking division: “I absolutely take responsibility for the control failings ...

Phillip Boakes sentenced following FCA prosecution

March 9th, 2015 (0)
Following an FCA prosecution, Phillip Boakes was today sentenced at Southwark Crown Court to ten years’ imprisonment for defrauding investors of at least £3.5m, using false instruments and accepting deposits without authorisation. Boakes pleaded guilty to two counts of ...

No more weak links – elite law firms unite to fight cyber security threat

March 9th, 2015 (0)
It has long been a gripe among major clients – in particular banks – that law firms are the chink in the armour against the growing barrage of cyber attacks. In response, some of the world’s top law firms ...

UK – Offshore Tax Disclosures – Use The LDF while you can

March 9th, 2015 (0)
Tax authorities around the globe are increasingly working together to fight tax evasion and aggressive tax avoidance to collect more tax. In the UK, HMRC is geared up to take full ...
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