Search Results for: Vest Financial
Offshore Tax Crackdown Opens With 30% Penalties for Banks
June 30th, 2014
The Internal Revenue Service is about to get an unprecedented look at bank accounts and investments U.S. citizens hold abroad, through a law that is making it harder to hide assets from the tax collector. Tomorrow, the U.S. government ...
Pimco runs risks in turning up the ‘vol’
June 27th, 2014
It was a tantalising introduction. Bill Gross, Pimco’s “Bond King” and founder of the world’s largest fixed income fund, promised to impart the secrets of his extraordinary success to an audience of financial advisers in Chicago. “I’ll be handing ...
FCA warning against clone firms
June 27th, 2014
The Financial Conduct Authority (FCA), the British financial regulatory authority, has issued a warning informing the investors that: Rimas Risk Management Service (55 Old Broad Street, London, EC2M1RX, Email: rimasuk@europe.com) Knightsbridge Management International Asset Management (www.kmi-am.com, Email: admin@kmi-am.com) are clone firms, ...
FCA warning against unauthorised firm
June 26th, 2014
The Financial Conduct Authority (FCA), the British financial regulatory authority, has issued a warning informing the investors that the following firms are not permitted to provide any financial services or products: Lucrativa Limited (https://lucrativa.biz) China Trust Underwriters (www.chinatrustunderwriters.com) FCA ...
FINRA Expels Success Trade Securities and Bars CEO Fuad Ahmed for Ponzi Scheme
June 26th, 2014
The Financial Industry Regulatory Authority (FINRA) has announced that a FINRA hearing panel has expelled Washington, D.C.-based Success Trade Securities, Inc. from membership and barred its CEO and President, Fuad Ahmed, for the fraudulent sale of promissory notes and ...
Europe Stocks Rebound From Four-Day Loss as Dialog Jumps
June 26th, 2014
European stocks rose, rebounding from a four-day losing streak, as investors awaited data to assess the health of the U.S. economy. U.S. index futures were little changed, while Asian shares advanced. Dialog Semiconductor Plc and AMS AG climbed more ...
China Finds $15B of Loans Backed by Falsified Gold Trades
June 26th, 2014
China’s chief auditor discovered 94.4 billion yuan ($15.2 billion) of loans backed by falsified gold transactions, adding to signs of possible fraud in commodities financing deals. Twenty-five bullion processors made a combined profit of more than 900 million yuan ...
FASB Finalizes New Rule on Stock Compensation
June 25th, 2014
The Financial Accounting Standards Board has finalized new accounting requirements around stock compensation intended to resolve differences in how companies treat awards that have specific performance targets attached. FASB’s Emerging Issues Task Force studied the issue and determined companies ...
Energy Future Should Kill Borrowing Plan, Creditors Say
June 25th, 2014
Energy Future Holdings Corp.’s official creditors’ committee said the company should scrap a plan to borrow another $2 billion to help it restructure because the loan wouldn’t save it any money. By using its available cash instead to refinance ...
How High a Deductible Should Your Company Take?
June 25th, 2014
Deciding the right level of a company’s insurance deductibles depends largely on the organization’s risk appetite and its financial strength — definitely territory for the CFO. Risk appetite and financial strength must be considered when companies pit which risks ...
