Citigroup announced an agreement
March 3rd, 2015
Citigroup today announced that: It has reached a definitive agreement to sell OneMain Financial Holdings, Inc. to Springleaf Holdings (NYSE: LEAF) for a purchase price of $4.25 billion. The deal is expected to close in the third quarter of ...
Barclays posts ‘messy’ full-year loss as shares fall
March 3rd, 2015
U.K bank Barclays posted a loss in its statutory full-year earnings on Tuesday as it set aside more money for potential fines related to its foreign exchange operations. Adjusted pre-tax profit increased by 12 percent in 2014 to £5.5 ...
India’s failure to cut duty hurts gold prices
March 3rd, 2015
India’s decision to maintain an import duty on gold surprised investors, dealing a fresh blow to a metal that has been hit hard this year by a strengthening U.S. dollar and a series of policy shifts around the globe. ...
Bank of England turns up the heat on accounting firms
March 2nd, 2015
The Bank of England would have the power to fine or ban accounting firms from working in financial services under proposals setting out how the UK central bank’s regulation arm will monitor the accounting industry. The proposals from the ...
Biggest Global Banks Go to Pieces Under Pressure From Regulators
February 27th, 2015
Global regulators have issued dozens of rules aimed at making the biggest banks safer. That’s leading to another result some wanted: making them shrink. HSBC Holdings Plc, Europe’s biggest bank by market value, said this week it’s considering “extreme ...
Yanis Varoufakis: “We will never leave the euro”
February 27th, 2015
Finance Minister stresses that “for the first time we are becoming the authors of our future” The Minister of Finances Yanis Varoufakis stated that the recent Eurogroup agreement was a major success, in an exclusive interview he gave to Giorgos Padadakis on ANT1. Mr. ...
HMRC confirms HSBC Suisse bank data can now be shared
February 26th, 2015
HMRC‘s Chief Executive, Lin Homer, today announced in a Treasury Select Committee hearing that the French authorities have formally agreed that HMRC can share stolen HSBC Suisse customer account data with other law enforcement agencies and regulators, for the ...
KPMG names William O’Mara global head of audit
February 26th, 2015
Audit, tax and accounting firm KPMG appointed William O’Mara as global head of audit, effective March 1. He succeeds Larry Bradley who led the practice since 2013, the company said. O’Mara is a senior audit partner and has served ...
Events – Conferences – Seminars
February 26th, 2015
Stay updated with coming Live Events, Conferences and Seminars for Forex Market, Accounting, Legal Banking and in general on Business, Finance and Investments
RBS: Annual Results 2014
February 26th, 2015
RBS reports an attributable loss of £3,470 million in 2014, compared with a loss of £8,995 million in 2013. The result included a loss from discontinued operations of £3,445 million, which reflected a £3,994 million fair value write-down in ...
