Search Results for: legal
Arcadia-based company under investigation, councilman’s connections under scrutiny
September 21st, 2015
State and federal agencies are investigating an Arcadia-based company that is facing allegations from investors that it swindled them out of hundreds of thousands of dollars, and may have taken more from individuals overseas. Officials with the Department of ...
Volkswagen Drops 22% After Admitting Diesel Emissions Cheat in U.S.
September 21st, 2015
Shares drop most in almost seven years in trading on Monday CEO said on Sunday he’s “deeply sorry” for broken trust Volkswagen AG dropped the most in almost seven years after it admitted to cheating on U.S. air pollution tests ...
China central bank orders banks to tighten supervision of clients’ forex deals: sources
September 18th, 2015
The People’s Bank of China has ordered banks to closely scrutinize clients’ foreign exchange transactions to prevent illicit cross-border currency arbitrage, sources with the direct knowledge of the matter told Reuters on Friday. China’s yuan is not freely convertible ...
Lawyers lack understanding of culture, says consultant
September 18th, 2015
A culture of excellence will create more attention to detail – but some lawyers find it difficult to understand this kind of point, according to Joel Barolsky of Barolsky Advisors. Simple things such as how work is carried out, ...
Safe-deposit-box: the preferred method of tax dodgers
September 18th, 2015
Italians looking to conceal assets turn to safe-deposit boxes. Italians who want to stash their riches out of reach of tax collectors might familiarize themselves with a restaurant on the Via della Posta in the Swiss town of Locarno, ...
Russian Firm Plans Local Version of Bitcoin Digital Currency
September 18th, 2015
A leading Russian payment services provider is developing the country’s first virtual currency — the bitruble. If the company, Qiwi, can overcome resistance from Russia’s financial authorities — which fear that cryptocurrencies could be used to launder money and ...
Beijing investigates senior figure at China’s state securities regulator in latest step to crackdown on market irregularities
September 17th, 2015
The assistant chairman of China Securities Regulatory Commission Zhang Yujun is being investigated for ‘disciplinary violations’ The mainland’s anti-graft watchdog is investigating a senior figure at the state securities regulator, as Beijing takes its latest step in cracking down ...
Fired Currency Traders Won’t Leave Quietly
September 16th, 2015
Six lawsuits filed in London by FX traders emerged last month Banks also faced employee suits after Libor scandal lay-offs As banks try to clean up trading floors beset by benchmark-rigging scandals, not all fired workers are leaving quietly. ...
Thomson Reuters: Interview with Vítor Constâncio, Vice-President of the ECB
September 16th, 2015
Interview with Vítor Constâncio, Vice-President of the ECB, conducted by Paul Ingrassia, Balazs Koranyi and John O’Donnell on 14 September Is quantitative easing working? It is working and effective in many ways. The ultimate metric to assess success is the ...
Blockchain expert Tim Swanson talks about R3 partnership of Goldman Sachs, JP Morgan, UBS, Barclays et al
September 16th, 2015
Nine of the world’s biggest banks from both sides of the Atlantic and Asia Pacific have agreed to join a partnership to divine a set of common standards and practices towards constructing a shared digital ledger system for financial ...
