Search Results for: Vest Financial
MintPal Vows to Fight Former Moolah CEO in Court
October 31st, 2014
The owners of the troubled digital currency exchange MintPal are moving to take legal action against former Moopay LTD CEO Alex Green. Green, who was once known as Ryan Kennedy, is accused of stealing as much as 4,000 BTC ...
RBS Returns to Profit, Sets Aside $639 Million for FX Probe
October 31st, 2014
Royal Bank of Scotland Group Plc (RBS), Britain’s largest taxpayer-owned lender, had third-quarter profit that beat analyst estimates even as it set aside 400 million pounds ($639 million) for a currency rigging probe. The bank posted net income of ...
Japan’s Central Bank unexpectedly moves to stimulate economy
October 31st, 2014
The Bank of Japan will buy larger quantities of government debt in an effort to battle deflation. After insisting for more than a year that its aggressive monetary policy was sufficient to revive Japan’s economy and end deflation, the ...
Banque Internationale À Luxembourg Opens DIFC Branch
October 31st, 2014
Banque Internationale à Luxembourg (BIL), the oldest bank in Luxembourg, announced on October 27, 2014, that it has opened its first United Arab Emirates (UAE) branch in the Dubai International Financial Centre (DIFC). The bank said the opening of ...
FCA warning against clone firms
October 31st, 2014
The Financial Conduct Authority (FCA) of the United Kingdom has issued a warning to alert all recipients that: 1) Sapien Capital Limited Website: http://www.sclforex.co.uk/en/ 2) PMG Forex Email: info@pmgwaihui.com, ib@pmgwaihui.com, cs@pmgwaihui.com, account@pmgwaihui, funds@pmgwaihui.com, complaint@pmgwaihui.com Website: http://www.pmgforex.com/english/ 3) Max Forex ...
China Planning Additional Free Trade Zones
October 30th, 2014
Chinese President Xi Jinping has said that, after more than a year since Shanghai’s pilot free trade zone (FTZ) was first launched, its example should now be copied in more provinces as soon as possible. About 12,000 businesses have ...
FCA fines Sesame Ltd for ‘pay-to-play’ arrangements
October 30th, 2014
Sesame Ltd, the UK’s largest network of financial advisers, has been fined £1,598,000 by the Financial Conduct Authority (FCA) for setting up a pay-to-play scheme. Sesame’s arrangement effectively undermined the ban on commission payments brought in by the Retail ...
Britain’s Fraud Office launches probe into Tesco accounting scandal
October 30th, 2014
Britain’s Serious Fraud Office (SFO) has opened a formal criminal investigation into accounting errors at Tesco (TSCO.L), raising the stakes in a scandal that has hammered the reputation of the country’s biggest grocer. Already battling challenges on multiple fronts, ...
Asia stocks dip, dollar well bid on Fed’s optimistic tone
October 30th, 2014
Asian stocks were mostly lower and the dollar surged to a three-week high versus the yen after the U.S. Federal Reserve ended its massive quantitative easing programme, as expected, but laced its economic assessment with a tinge of hawkishness. ...
Banker in Middle of Fight Between Goldman Sachs and Libya
October 30th, 2014
The emergence of Jaber George Jabbour in a battle between Libya’s sovereign wealth fund and Goldman Sachs reveals the complex relationship between banks and public sector entities. As an analyst at Goldman Sachs, Jaber George Jabbour learned the intricacies ...
