Search Results for: banks
Bank of England disarray in the face of financial crisis
January 7th, 2015
The full extent of the Bank of England’s emergency action to prevent the collapse of the banking system is revealed on Wednesday as it releases previously secret documents detailing its frantic day to day efforts to prop up high ...
Acquisition of real-time foreign exchange solutions provider by Broadridge Financial Solutions
January 5th, 2015
Broadridge Financial Solutions, Inc. (NYSE:BR) has acquired TwoFour Systems LLC, a provider of real-time foreign exchange solutions for banks and broker-dealers, to address the rising demand for advanced FX and cash management technology among financial institutions. TwoFour Systems LLC ...
Bitcoin Review: Bitcoin’s New Year Starts With a Crash
January 5th, 2015
Bitcoin‘s price crashed over the weekend, losing $51 over two days. It opened on Saturday at $314.59 and closed Sunday at $263.63, according to the CoinDesk Bitcoin Price Index. The plunging price got market watchers chattering as Sunday drew to ...
FINMA: Switzerland Completes Financial Services Regulator Review
January 5th, 2015
The Swiss Federal Council has concluded that there is no fundamental need for comprehensive reform of the Financial Market Supervisory Authority (FINAMA), but has identified what it says are isolated areas where there is room for improvement. FINMA is ...
Bank Pays $400m Fine For Aiding US Tax Evasion
January 5th, 2015
A leading Israeli bank has agreed to pay the US government $400 million compensation for helping US customers evade tax. Bank Leumi confessed to advising 1,500 wealthy Americans how to evade taxes over several years. The bank ran secret ...
Goldman Sachs sparks outrage by paying staff highest UK bonuses
January 2nd, 2015
Goldman Sachs has paid the highest bonuses to senior staff among banks operating in the UK, sparking outrage and leading to calls the firm must return to “planet earth”. Overall, the US investment bank paid 121 London bosses and ...
British law firms dominate 2014 sukuk issuance sector
January 2nd, 2015
Allen & Overy, Dentons and other UK law firms are dominating the sukuk issuance sector, along with British banks, even though Malaysia remains the geographical capital. Other leading firms are Linklaters, Slaughter and May, King and Spalding and Clifford ...
ECB President Draghi says that the Eurozone Is Facing ‘A Long Period Of Weakness’
January 2nd, 2015
The eurozone faces a growing risk of unstable prices, the head of the European Central Bank said in an interview published Friday, at a time when concerns are mounting the bloc could slip into deflation. “The risk that we ...
Dollar Extends Rally on Fed View; Euro Slumps to Two-Year Low
January 2nd, 2015
The dollar extended gains against its major peers after posting its best year since at least 2005 amid speculation the Federal Reserve will raise interest rates this year. The euro slumped to the lowest level in more than two ...
Latest on Digital Currencies
December 31st, 2014
India’s Central Bank Could One Day Use Digital Currency, Chief Says Reserve Bank of India (RBI) governor Raghuram Rajan spoke out on bitcoin at a televised event organised by the NDTV network late last week. During the discussion, which ...
