Search Results for: legal
FCA launches call for input on high-cost credit and overdrafts
November 29th, 2016
Since taking over regulation of consumer credit in April 2014, the FCA has focused on products that it believes pose the highest risks to its consumer protection objective. One area of focus has been high-cost credit, which includes payday ...
Slater & Gordon hires 80 lawyers and staff amid critical UK restructure
November 29th, 2016
Slater & Gordon has embarked on a mass hiring initiative as part of its UK restructure, The Lawyer can reveal. UK CEO Ken Fowlie confirmed Slater & Gordon was in the midst of a hiring spree but declined to reveal how ...
Australian Financial Services licence suspended for failing to lodge financial statements
November 29th, 2016
ASIC has suspended the Australian Financial Services (AFS) licence of Sydney-based Group Underwriters & Managers Pty Ltd (GUM) for three months for failing to lodge financial statements, auditor reports and auditor opinions for a period of three years. This ...
Dollar claws back some losses as investors look to U.S. data, OPEC
November 29th, 2016
The dollar clawed back some losses on Tuesday as Italian political woes weighed on the euro, though the greenback remained shy of recent highs after U.S. Treasury yields stepped back from multi-month highs. Volatile crude oil prices ahead of ...
The economic consequences of Mr Modi
November 26th, 2016
Two weeks ago, India’s Prime Minister Narendra Modi demonetised an estimated 86% of rupees in circulation, offering conversion into a bank account or into smaller currency notes until 31 December, after which these notes will have no redemption value. ...
Global law firm opens office in Papua New Guinea
November 25th, 2016
Global law firm Norton Rose Fulbright announced today the appointment of Karo Lelai, who has joined as the principal of its new office in Port Moresby. Mrs Lelai joins after serving as general counsel to Kumul Minerals (formerly Petromin) ...
Next new trading participant at SIX Swiss Exchange
November 25th, 2016
Following the legal restructuring at Credit Suisse, SIX welcomes Credit Suisse (Switzerland) Ltd. as a new participant. The new Swiss legal entity is a wholly owned subsidiary of Credit Suisse AG and covers its Swiss business. With the admission of ...
European Commission proposes new bankruptcy rules
November 24th, 2016
European Commission proposes new approach to business insolvency in Europe: promoting early restructuring to support growth and protect jobs The European Commission is for the first time presenting a set of European rules on business insolvency. Well-functioning insolvency and ...
Gold price hits 9 Month Low
November 23rd, 2016
Gold prices are solidly lower, hit a nine-month low and have fallen below key chart support at $1,200.00 in early U.S. trading Wednesday. The bearish near-term technical postures for gold and silver markets continue to invite chart-based selling interest. ...
London Stock Exchange to acquire Mergent Inc.
November 22nd, 2016
Mergent Inc. is a leading provider of business and financial information on public and private companies Acquisition supports FTSE Russell’s core index offering, especially in the creation of factor-based, passive investment products Adds to LSEG’s data and analytics capabilities ...
