Search Results for: Vest Financial
China’s factories expand as global trade flourish
August 1st, 2014
Activity in China’s vast factory sector expanded at the fastest pace in 27 months in July, while industry surveys across Asia showed a pick up in export orders that hinted at a long-awaited revival in global trade. China’s official ...
Virginia Governor facing corruption trial
August 1st, 2014
Gov. Bob McDonnell of Virginia and his wife, Maureen, engaged in a corruption trial, described on Thursday a private meeting at which he and Mr. McDonnell had discussed ways to secretly transfer $50,000 to the governor. The witness, Jonnie ...
British Fraud Office conducts Second Settlement in Inquiry Over Icelandic Bank
July 31st, 2014
Britain’s Serious Fraud Office said on Thursday that it had reached a second settlement in a series of civil claims brought by two brothers after a flawed investigation into the collapse of the Icelandic bank Kaupthing during the financial ...
Cryptocurrency Overview
July 31st, 2014
The price of bitcoin has continued to slide, continuing a downward trend that began almost two weeks ago. In that time, the value of a single bitcoin has fallen by almost $50 (£30). Most other major cryptocurrencies also saw ...
Bank of America Hit With $1.3 Billion Penalty for Mortgage Fraud
July 31st, 2014
Bank of America was hit with almost $1.3 billion in civil penalties Wednesday for a housing meltdown scam run by a subsidiary that a jury found intentionally sold bad mortgages to Freddie Mac and Fannie Mae. Bank of America ...
Banco Espírito Santo reports a loss of €3.6 Billion
July 31st, 2014
Banco Espírito Santo on Wednesday reported a first-half loss of €3.58 billion (or $4.8 billion), the largest ever for a Portuguese institution, wiping out the bank’s €2.1 billion capital cushion and forcing it to raise new funding. The loss ...
New York Governor involved in BNP deal to get $1 billion more for NY state fund
July 31st, 2014
Only days before U.S. authorities reached a landmark $8.97 billion settlement with BNP Paribas over the bank’s dealings with countries subject to U.S. sanctions, New York Governor Andrew Cuomo intervened to ensure the state government got a much bigger ...
Russians worry over the growing sanctions from the West
July 31st, 2014
Russia confronts the biggest sanctions from the West since the Ukrainian crisis erupted and has therefore adopted a nonchalant public stance, with President Vladimir V. Putin emphasizing the importance of self-reliance and a new poll released Tuesday indicating a ...
FCA warning against unauthorised firms
July 30th, 2014
The Financial Conduct Authority (FCA), the British financial regulator, has issued a warning informing the investors that “Eden & Bracha Ltd” (http://www.edenandbracha.co.uk) and “Krypton Studios” (www.kryptonstudios.co.uk) are not permitted to provide any financial services or products. FCA points out that ...
FMA and SFO sign MOU to improve agency cooperation
July 30th, 2014
The Financial Markets Authority, has announced a cooperation with the Serious Fraud Office iby signing a Memorandum of Understanding. In this way, both regulators continue their efficient action against unauthorised firms. Police Minister Anne Tolley and Commerce Minister Craig ...
