Search Results for: National Bank of Hungary
Top 10 international law firm announced revenues of EUR 1bn for 2015
June 13th, 2016
CMS, the top 10 international law firm, today announces its financial results for 2015. Total annual revenues of EUR 1.01bn compared with 2014 revenues of EUR 934.5m, a year-on-year increase of 8.4% Net profit up 6.8% compared with 2014 ...
Hungary set to cut lending rate to boost inflation
March 11th, 2016
Hungary’s central bank is set to lower its main lending rate and adjust its overnight rates to try to rekindle inflation, one of the central European country’s top central bankers said on Thursday. Adjusting the overnight rates would come ...
Citi sells Hungary consumer banking business to Erste Group
September 2nd, 2015
Citigroup Inc (C.N) agreed to sell its consumer banking business in Hungary to Austria’s Erste Group Bank AG (ERST.VI) as the third-biggest U.S. bank by assets continues to divest non-core operating businesses. The sale includes Citi’s retail banking, consumer ...
Hungary brokerage troubles widen with Quaestor clampdown
March 12th, 2015
Third brokerage in a row to face regulatory action Quaestor bond issues may have exceeded permitted limit – cbank Bond redemptions exceeded its liquid asset-Quaestor Investment firm asks for state help (Adds central bank comments, detail) The National Bank ...
Central Bank of Hungary voted to leave the central bank base rate unchanged
January 28th, 2015
Central Bank of Hungary issued a press release informing that voted to leave the central bank base rate unchanged at 2.10%. In the Council’s judgement, Hungarian economic growth is likely to continue. While the pace of economic activity is ...
Hungary Verdict to Pave Way for $15 Billion FX Loan Plan
June 16th, 2014
Hungary’s supreme court will complete its precedent rulings today on foreign-currency mortgages, paving the way for the government to phase out loans worth about $15 billion. The court, known as Kuria, will brief reporters at 12:30 p.m. in Budapest ...
The monetary logic for gold and silver
November 17th, 2020
A considered reflection of current events leads to only one conclusion, and that is accelerating inflation of the dollar’s money supply is firmly on the path to destroying the dollar’s purchasing power — completely. This article looks at ...
EU expecting COVID-19 dent in 2020 VAT collections
September 30th, 2020
The European Commission has published its latest VAT gap report, which show that EU countries lost an estimated EUR140bn (USD165.7bn) in VAT revenues in 2018, down EUR1bn in nominal terms on the year prior. The “VAT gap” measures the ...
Alert! Individuals and entities charged with fraud in Binary Options trading scheme
September 3rd, 2019
The U.S. Commodity Futures Trading Commission (CFTC) filed a civil enforcement action in the U.S. District Court for the Northern District of Illinois charging five entities and four individuals with fraud relating to a global retail binary options enterprise ...
Beware of unauthorised companies offering investment and financial services
June 19th, 2019
The supervisory authorities of the United Kingdom (Financial Conduct Authority – FCA), Hong Kong (Securities and Futures Commission – SFC), Spain (Comisión Nacional del Mercado de Valores – CNMV), Austria (Financial Market Autority – FMA), Malta (Malta Financial Services ...
