Daily Archives: 07/09/2016
Gold sputters after hitting three-week high
September 7th, 2016
Gold futures were trading little changed Wednesday after logging their highest settlement in nearly three weeks a day earlier as investors pared expectations for how aggressively the Federal Reserve would move to increase interest rates. The interest-rate debate continues ...
SWIFT: Virtual currencies unlikely to crowd out fiat currencies
September 7th, 2016
The SWIFT Institute has published a new research paper analysing whether Bitcoin will crowd out fiat currencies in the global community. The paper, entitled “Virtual currencies: Media of exchange or speculative assets?”, looks at the dynamic relationship between virtual currencies, such ...
KPMG faces disciplinary formal complaints over audit concerns
September 7th, 2016
The Financial Reporting Council’s (FRC) Executive Counsel has delivered disciplinary formal complaints under the Accountancy Scheme and the Actuarial Scheme in connection with the conduct of KPMG LLP, Mr Mark Taylor, Mr Anthony Hulse, members and a member firm ...
The One Trillion Dollar Consumer Auto Loan Bubble Is Beginning To Burst
September 7th, 2016
Do you remember the subprime mortgage meltdown from the last financial crisis? Well, this time around we are facing a subprime auto loan meltdown. In recent years, auto lenders have become more and more aggressive, and they have been ...
SFC bans former employees of HSBC
September 7th, 2016
The Securities and Futures Commission (SFC) has banned Ms Chau Hang Yu and Mr Steve Chow Chun Yin, both former employees of The Hongkong and Shanghai Banking Corporation Limited (HSBC), from re-entering the industry for life following their criminal ...
Four in ten senior associates regret choosing a career in law
September 7th, 2016
If you had your time again, would you still choose to become a lawyer? This was the question put to respondents in industry publication The Lawyer’s most recent Salary Survey. While around 60 per cent of bright-eyed trainees had no ...
BM&FBOVESPA becomes first exchange to join R3 distributed ledger consortium
September 7th, 2016
BM&FBOVESPA will be collaborating with over 60 of the world’s largest financial institutions to develop ground-breaking commercial applications for the financial services industry that leverage the appropriate elements of distributed and shared ledger technology. This initiative is part of ...
ECB might deliver more QE but Fitch’s top economist says ‘don’t bother’
September 7th, 2016
Expectations for further quantitative easing at upcoming European Central Bank and Bank of Japan meetings may be running high, but chances are central bankers will be wasting their time with fresh measures, analysts warned. Brian Coulton, chief economist at ...
Deutsche Börse Venture Network launches service for financing rounds
September 7th, 2016
Venture Match for growth companies to start at the end of September Offer is part of the initiative to build an ecosystem for growth Deutsche Börse Venture Network will launch its Venture Match service at the end of September. ...
SGX securites turnover falls 27% in August
September 7th, 2016
Securities Total Securities market turnover value fell 2% month on month and fell 27% year on year to S$20.6 billion, during 22 trading days compared to 20 in July 2016 and 19 in August 2015. Securities daily average value ...
