Archives
JPMorgan, Simpson Sued Over Mistake in GM Loan: Business of Law
August 4th, 2015
It was only a matter of time. One of the participants in a $1.5 billion term loan that JPMorgan Chase & Co. made to General Motors Corp. before its bankruptcy is now suing the bank and its lawyers at ...
Can auditors expand assurance to meet investors’ needs?
August 4th, 2015
A company’s audited financial statements are among the many pieces of information investors consider when they evaluate where to allocate resources. But news releases, company presentations, additional information in annual reports, and non-GAAP key performance indicators and financial metrics ...
Consob warns against unauthorised investment services companies
August 4th, 2015
The National Commission for Companies and the Stock Exchange in Italy (Consob) has issued a press release to warn public about companies offering investment services without the required authorisation. Consob reports that the companies: 1) PEL Ltd and Plea ...
Alpha Payments Cloud Partners with Snapcard to process Bitcoin Payments
August 4th, 2015
Snapcard, a Bitcoin payment processor and bitcoin wallet, partners with Alpha Payments Cloud to power AlphaHub users to accept Bitcoin payments globally. Alphahub serves a omni-channel payments platform to Payment Service Providers, banks and financial institutions covering 60 international markets. Bitcoin ...
Are you brave enough to profit from a collapse in gold?
August 4th, 2015
If you are, put your money where your mouth is and buy put options OK, gold haters. It’s time to put your money where your mouth is. You think gold could be going down to $350 an ounce? That’s great. ...
Goldman tentatively agrees to pay $270 million to settle lawsuit by investors
August 4th, 2015
Goldman Sachs Group Inc has tentatively agreed to pay about $270 million to settle a lawsuit by investors, according to a source familiar with the matter. Pension funds led by NECA-IBEW Health & Welfare Fund of Illinois accused the ...
Russia’s Banks Turn Away Clients as Borrowers Fall Behind
August 4th, 2015
JSC Alfa Bank, the Russian private bank founded by billionaire Mikhail Fridman, is scaling back lending for all but the most affluent clients after a growing share of customers fell behind on payments this year. The Moscow-based bank last ...
unblu inc. and Focus Business Solutions Ltd., A Standard Life Company, announce OEM agreement
August 4th, 2015
Strategic Relationship Expands Global Availability of Market Leading Co-Browsing Solution Focus Solutions Group Ltd and unblu announced today, that the companies signed an original equipment manufacturing (OEM) agreement under which Focus Solutions will bundle unblu’s co-browsing technology with their ...
OECD updates anti-tax evasion list
August 4th, 2015
Europe’s attempts to clean up tax evasion and money laundering took a step forward yesterday when an international task group said that Austria — a eurozone nation that was until recently falling short —was almost fully compliant with new ...
SFC fines BNP Paribas Securities (Asia) Limited $15 million for dark liquidity pool-related failures
August 4th, 2015
The Securities and Futures Commission (SFC) has fined BNP Paribas Securities (Asia) Limited (BNPP Securities Asia) $15 million for failures in relation to its dark liquidity pool trading services (Note 1). The disciplinary action follows an SFC investigation into ...
