Search Results for: financial markets
Citi architect criticises its retreat
October 22nd, 2014
John Reed, one of the architects of the modern-day Citigroup, has criticised his successors’ decision to shut down its consumer operations in 11 international markets, painting the move as shortsighted. “They’re looking at the business differently, they seem to ...
Risk of mega-fines holds back RBS privatisation
October 22nd, 2014
Bailed-outbank RBS is almost ready to be privatised, but the risk of major fines is stopping a large scale share sale, UK Financial Investments’ (UKFI) bosses told MPs yesterday. The government still owns 80 per cent of the bank ...
Gold – Surges to Five Week High Above $1255
October 22nd, 2014
Gold for Wednesday, October 22, 2014 Over the last few days to finish out last week Gold ran into the previous key level at $1240 which has resisted and forced gold a little lower, however it has since surged ...
FCA warning against clone firms
October 21st, 2014
The Financial Conduct Authority (FCA) of the United Kingdom has issued a warning to alert all recipients that: Boiler Room Name: Schwarz Oliver Thomas Address: 6923 Lauterach, Dammstrabe 4, AUSTRIA Telephone: +43720116467, +85258086603 Website: http://www.schwarzoliverthomas.com/ and Cruiser Trading Co ...
Before a Bailout, E.C.B. minutes showed doubts over keeping a Cyprus Bank afloat
October 20th, 2014
As the Cypriot economy reeled from the collapse of its second-largest bank in 2013, the European Central Bank faced a thorny question: Should it keep the institution, Cyprus Popular Bank, alive with short-term loans or pull the plug? By ...
Eurozone fails to benefit from weak currency as oil price slides
October 20th, 2014
Pity the policy makers given the job of rescuing the eurozone from deflation. The unorthodox steps the European Central Bank has taken since June – including a programme of private-sector asset purchases – have caused a steep fall in ...
ASIC’s Strategic Outlook 2014-15
October 20th, 2014
ASIC today published its Strategic Outlook for 2014–15. ASIC’s Strategic Outlook sets out the key risks ASIC sees to the markets it regulates, and how ASIC will respond – prioritising its tools of surveillance and enforcement. ASIC scans the ...
The Rise and Fall of the Cypriot Economy (Part 2)
October 20th, 2014
Part 2 – Decline & Deleveraging Stage 4 In the fourth stage people start to become poorer but still think of themselves as rich. The decline is gradual and at first people didn’t realise it and in cases where ...
Bloc in Europe Starts to Balk Over Austerity
October 17th, 2014
France, Italy and the European Central Bank have coalesced into a bloc against Chancellor Angela Merkel of Germany, and they are insisting that Berlin change course. With Europe once again rattling global markets, many of the largest European countries ...
Can rating agencies ruin Russian economy?
October 17th, 2014
Russian Economic Development Minister Alexei Ulyukayev said that international agencies may soon downgrade Russia, adding that it would be an unfounded move, because the country’s economic indicators remain at a high level. According to the minister, the decision will ...
