Search Results for: financial markets
Big Banks Face Scrutiny Over Pricing of Metals
February 24th, 2015
U.S. Justice Department investigates price-setting process for gold, silver, platinum and palladium U.S. officials are investigating at least 10 major banks for possible rigging of precious-metals markets, even though European regulators dropped a similar probe after finding no evidence ...
FCA sets out approach to Non-Executive Directors and the Senior Managers Regime
February 23rd, 2015
Non-Executive Directors (NEDs) with specific responsibilities, such as Chairman, will come under the new Senior Managers Regime (SMR), the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) confirmed today. Following a detailed consultation across industry and with stakeholders ...
European stocks lift on Greek deal
February 23rd, 2015
Europe’s main stock markets have opened higher after eurozone ministers tentatively agreed to extend Greece’s bailout by four months. London’s benchmark FTSE 100 index advanced 0.40 per cent to 6,942.70 points on Monday compared with Friday’s close. Frankfurt’s DAX ...
Reserve Bank warns banks against making “mockery” of its lending operations
February 20th, 2015
The Reserve Bank of India is getting tougher on extending unlimited credit to the country’s banks to try to ensure they push interest rate cuts through the financial system and to stop them from making what one official called a “mockery” of its ...
A Greek Drama Draws In the Obama Administration, Again
February 20th, 2015
President Barack Obama and his team may be suffering from Greek financial-crisis déjà vu. In 2010, and again in 2012, Mr. Obama and top officials in his administration worried that Greece’s debt woes could fracture the eurozone, knock down an ...
International payment provider ECommPay becomes VISA Principal Member
February 19th, 2015
In February 2015, VISA’s European Board of Directors granted VISA Principal Member status to payment processing company ECommPay. ECommPay creates state-of-the-art, bespoke payment solutions for e-Commerce merchants, enabling them to make and to accept payments via VISA/MasterCard and China ...
FCA warning against unauthorised firm
February 19th, 2015
The Financial Conduct Authority (“FCA”) of the United Kingdom would like to alert that: Boiler Room Name: BC Financial Advisors Address: New Burlington House, 1075 Finchley Road, London, NW11 0PU Telephone: 02034756986 Email: info@bcfinancialservicesinc.com is NOT authorised under the ...
Thomson Reuters Expands Equity Index Series with Globally Listed Infrastructure Indices
February 19th, 2015
Asset managers and investors to benefit from proprietary five-level business classification system to track the performance of utilities, transport infrastructure, energy infrastructure and telecommunications infrastructure companies Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, ...
Euro Area Investment Fund Statistics: December 2014
February 19th, 2015
19 February 2015 – Financial statements of the ECB for 2014 ECB’s net profit for 2014: €989 million (2013: €1,440 million) Net interest income from the Securities Markets Programme: €728 million (2013: €962 million) Interest income on banknotes: €126 ...
CySec: Withdraw of CIF authorisation
February 19th, 2015
The Cyprus Securities and Exchange Commission (CySec) the Cypriot financial regulatory authority, has issued an announcement informing that: On its meeting of 2 February 2015, has decided, pursuant, of section 25(1)(c) of the Investment Services and Activities and Regulated Markets ...
