Search Results for: sec
Florida man admits hiding $1.1M from IRS
August 20th, 2014
An 83-year-old Florida man pleaded guilty Tuesday to hiding at least $1.1 million from the IRS in secret Switzerland and Israel bank accounts for more than a quarter century. Delray Beach resident Bernard Kramer, held the secret accounts from ...
Lehman Brothers pension scheme payout agreed
August 19th, 2014
Members of the Lehman Brothers Pension Scheme will receive their benefits in full after a £184m settlement was reached in the six-year legal battle that followed the firm’s insolvency. The Pensions Regulator (TPR) announced today that a settlement had ...
OSC warns against unlicensed firm
August 19th, 2014
The Ontario Securities Commission (OSC) has become aware of an unlicensed firm and therefore has issued a warning against the firm to protect potential traders. OSC informs investors that the company under the name “Global Proprietary Traders Inc.”, o/a ...
U.S. Stocks Up on Ukraine Talks
August 19th, 2014
U.S. stocks rose, with the Nasdaq Composite Index climbing to a 14-year high, as tensions eased over global conflicts. Dollar General Corp. rallied on merger activity. Ukrainian Foreign Minister Pavlo Klimkin met his Russian counterpart Sergei Lavrov for more ...
More gloom ahead for FX dealers in next two years
August 19th, 2014
Consultancy paints a far from rosy picture for the FX market in the years ahead as technology investment takes centre stage. Foreign exchange revenue and front-office headcount at banks will continue to decrease over the remainder of this year ...
Gold – Eases Below $1300
August 19th, 2014
Gold for Tuesday, August 19, 2014 Over the last couple of days Gold has been easing lower back towards the $1300 level and has just slipped just below that level of the last day or so. In the last ...
Corporate Asia May Struggle with Rate Rise
August 19th, 2014
Corporate Asia has taken advantage of ultra-low interest rates over the past few years, loading up on debt, but with rates set to rise, there may be risks ahead. “With the U.S. Federal Reserve expected to begin normalization of ...
West TX Oil up to $94.80 on Easing Supply Risks
August 19th, 2014
Brent crude edged up towards $102 a barrel on Tuesday, but stayed near a 14-month low reached in the previous session on weak demand and easing concerns over risks to supply. Brent shed nearly $2 on Monday, as investor ...
Abe finding it hard to get his way on defence
August 19th, 2014
On 1 July, Japan’s Prime Minister Shinzo Abe announced a decision to broaden the interpretation of the Japanese Constitution to enable Japan to exercise its right to collective self-defence. But to what extent will the Japan Self-Defense Forces (SDF) ...
Ex-Rabobank trader guilty in Libor probe
August 19th, 2014
A former employee of Rabobank on Monday became the second of the Dutch bank’s ex-traders to plead guilty in a criminal plot to manipulate a global financial benchmark used to set rates on trillions of dollars in loans. United ...
