Archives
David Cameron’s brother calls for fraud trial to be halted over legal aid cuts
April 29th, 2014
Alexander Cameron QC argues in court that state has failed to provide defendants with adequate representation The prime minister’s brother, Alexander Cameron QC, has argued in court that a complex fraud trial should not go ahead because the defendants ...
The deep freeze – how are the Russia and Ukraine sanctions affecting offshore law firms?
April 29th, 2014
With the impact of EU and US sanctions on Russia and Ukraine stretching far beyond the individuals targeted, Caroline Thorpe examines the effect on offshore jurisdictions, and how law firms are dealing with the pitfalls and opportunities of this ...
The Euro’s current strength is a powerful deflationary factor: ECB’s Noyer
April 29th, 2014
The euro’s current strength is a powerful deflationary factor and low inflation is likely to persist in the euro zone for some time, European Central Bank policymaker Christian Noyer said on Monday. Spare capacity and deleveraging by companies and ...
FCA warning against clone firm
April 29th, 2014
The Financial Conduct Authority (FCA), the British financial regulatory authority, has issued a warning informing the investors that State Street Bank Global Markets International Limited, State Street Global Advisors and other State Street Group firms (http://www.ssgahk.com, http://www.ssgahk.net, http://www.daofu5.com, http://www.daofu100.com, ...
European Stocks Climb Amid Earnings as Fed Meeting Starts
April 29th, 2014
European stocks rose for a second day as companies from Deutsche Bank AG to ABB Ltd. reported earnings and the Federal Reserve begins a two-day policy meeting. U.S. stock-index futures advanced, while and Asian shares were little changed. Deutsche ...
Bank of America Lost $2.7 Billion in a Maze of Accounting
April 29th, 2014
Last month, Citigroup failed the Fed’s stress test because, even though it would meet minimum capital requirements in a severely adverse scenario, the Fed wasn’t comfortable with Citi’s capital planning process. Meanwhile, Bank of America passed the stress test ...
Northern Trust Reports SEC Subpoena on Securities Lending
April 29th, 2014
Northern Trust Corp. (NTRS), the third-biggest independent custody bank, said it received a subpoena from the U.S. Securities and Exchange Commission in April related to the company’s securities lending. “Northern Trust will fully cooperate with the SEC in this ...
USD/CHF bounced off 0.8824/13
April 29th, 2014
Pair’s Outlook There was only a brief rally yesterday during which USD/CHF closed a bearish gap—nothing critical was altered by this behaviour of the pair. The bias therefore remains negative and it implies a decline down to the 2011 ...
Invesco Fined, EU Stress Test, Libor Charges: Compliance
April 29th, 2014
Invesco Perpetual (IPE) was fined 18.6 million pounds ($31.3 million) for failing to comply with risk limits or tell clients about the use of derivatives as leverage in their funds. Invesco Perpetual, the largest retail investment manager in the ...
USD/JPY to re-test 100-day SMA
April 29th, 2014
Pair’s Outlook The strong upward impulse seen yesterday confirmed that USD/JPY still deserves a bullish outlook. Now the pair is facing the 100-day SMA and monthly PP. Last week this supply area prevented further appreciation of the U.S. Dollar ...
