Search Results for: sec
JPMorgan and Other U.S. Banks Struck by Cyberattack
August 28th, 2014
JPMorgan Chase and a number of other United States banks, including at least four others, were struck by hackers in a series of coordinated attacks this month, according to four people briefed on a continuing investigation into the crimes. The hackers ...
Gold Showing Little Movement After Mixed US Data
August 27th, 2014
Gold is stable on Wednesday, as the pair trades at $1284.27 per ounce in the European session. It’s a quiet day on the release front, with no major releases out of the US. On Tuesday, the Russian and Ukrainian ...
Japan Abe aide Hamada: Could do next sales tax hike in stages
August 27th, 2014
Japan could soften the impact of a planned sales tax increase by raising it in stages rather than IN a single hike, an outside adviser to Prime Minister Shinzo Abe said on Wednesday. Koichi Hamada, professor emeritus of economics ...
I.M.F. Chief, Lagarde, Under Investigation in France
August 27th, 2014
Christine Lagarde, the head of the International Monetary Fund, said on Wednesday that French prosecutors had placed her under formal investigation over a murky business affair that dates to her time as finance minister under former President Nicolas Sarkozy. ...
Wells chief warns on mortgage lending
August 27th, 2014
The chief executive of Wells Fargo has warned that the biggest US mortgage provider will avoid providing home loans to people with lower credit scores unless federal authorities reduce the threat that the banks will bear the costs for ...
Bahamas FM searching for new Financial Services Options
August 27th, 2014
The Bahamas is exploring new financial services offerings as well as the development and expansion of the yachting and maritime sectors. Michael Halkitis, the Bahamian Minister for Finance, reported that all changes need to be undertaken in a fiscally ...
The Rate Rise Timeline to Watch for Now – When will the Fed begin to raise rates?
August 27th, 2014
According to Rick Rieder, Fed Chair Yellen’s Jackson Hole comments, along with the recently released Fed minutes, clearly show we’re at the beginning of a very significant period of transition for Fed monetary policy. As market watchers dissect Federal ...
OCBC in Talks With Thai Billionaire on United Engineers
August 27th, 2014
Oversea-Chinese Banking Corp. (OCBC) and its insurance subsidiary are in exclusive talks to sell their stakes in Singapore’s United Engineers Ltd. and its WBL Corp. unit to Thailand’s richest man. Selling the stake would help OCBC, Southeast Asia’s second-largest ...
India Hedge Funds Are World’s Best Performer on ‘Modi, the Hero’
August 27th, 2014
Hedge funds investing in India have become the world’s best performers this year on expectations that Prime Minister Narendra Modi will revive Asia’s third-largest economy. India-focused hedge funds, with a sixth of the $16.5 billion in assets of those ...
Scottish independence: Firms question “Yes” vote business case
August 27th, 2014
More than 130 businesses have signed a letter saying the business case for Scottish independence “has not been made”. Scotland will go to the polls in the referendum on 18 September, with voters being asked the “Yes/No” question: “Should ...
