Search Results for: World Bank
EU report: international accounting rules did not worsen 2008 crisis
June 22nd, 2015
The European Commission said on Friday there was no clear evidence that adopting international accounting rules made the bloc’s banking crisis worse and that its benefits outweighed the costs. The independent International Accounting Standards Board (IASB) rules replaced a ...
Lindsey Williams, Martin Armstrong And Alex Jones All Warn About What Is Coming In The Fall Of 2015
June 22nd, 2015
Not since the financial crash of 2008 have so many prominent people issued such urgent warnings about a specific time period. Almost daily now, really big names are coming out with chilling predictions about what they believe is going ...
What investors need to know and why a Grexit may not matter
June 22nd, 2015
After enjoying a seemingly unstoppable rise since the beginning of 2015, Europe now seems to be in the headlines for all the wrong reasons. With the Greek tragedy lurching from one ‘deadline’ to the next, an exit of the ...
Greece debt crisis: EU leaders gather for critical summit
June 22nd, 2015
Greece faces a critical 24 hours as European leaders gather for an emergency summit in Brussels that could break the deadlock around the country’s debt crisis. On Sunday, Greek PM Alexis Tsipras set out new proposals to try to ...
The Greek Government Debt
June 19th, 2015
Europe and the rest of the world are watching nervously these days as the Greek drama (tragedy) is entering its last phase. There has to be some type of compromise (agreement) between the Greek government and its lenders before ...
UBS Gave Out ‘Instruction Manual on Fixing Libor,’ Hayes Said
June 19th, 2015
Thomas Hayes, a former trader on trial over charges he manipulated benchmark rates, told prosecutors in 2013 that UBS Group AG distributed “an instruction manual on fixing Libor” to suit their trading positions. The Swiss bank’s e-mailed “Guide to ...
Depressed Oil Prices Push OPEC Revenue Below $1 Trillion In 2014
June 19th, 2015
The 2014 crash in oil prices caused the combined oil earnings of OPEC’s 12 members to drop 11 percent from $1.112 trillion in 2013 to $993.3 billion in 2014. It is the first time the group’s revenue has fallen ...
FIFA, Iran, HSBC Top To-Do List for Swiss Prosecutor
June 18th, 2015
After winning re-election as Switzerland’s Attorney-General on Wednesday, Michael Lauber went straight back to work. Not that he had much choice with a to-do list that’s getting longer by the day. Swiss authorities last week opened a probe into ...
The Next Great European Financial Crisis Has Begun
June 18th, 2015
The Greek financial system is in the process of totally imploding, and the rest of Europe will soon follow. Neither the Greeks nor the Germans are willing to give in, and that means that there is very little chance ...
EBA: 51% Attack Remains Bitcoin’s Biggest Problem
June 18th, 2015
Bitcoin’s biggest problem is still the threat of a 51% attack, according to Dr Dirk Haubrich, head of consumer protection and financial innovation at the European Banking Authority (EBA). He said his main concern about the widespread adoption of ...
