Archives
Co-op Bank to raise £400m as losses widen
March 24th, 2014
Co-operative Bank to launch £400m rights issue following discovery of costs related to past misconduct TROUBLED LENDER the Co-operative Bank was plunged deeper into crisis today after it revealed it needs to raise another £400m of capital following the ...
Social Media Risk Is a Concern for Internal Auditors
March 24th, 2014
A top priority for chief audit executives (CAEs) and internal auditors this year is preventing risks – such as hits to the bottom line and a loss of productivity – that could result from social media use within their ...
FRB: Agencies Issue Proposed Rule on Minimum Requirements for Appraisal Management Companies
March 24th, 2014
Six agencies today issued a proposed rule that would implement minimum requirements for state registration and supervision of appraisal management companies (AMCs). An AMC is an entity that serves as an intermediary between appraisers and lenders and provides appraisal ...
U.S. Stocks Fluctuate While Europe Slumps on Ukraine
March 24th, 2014
U.S. stocks fluctuated as an index of manufacturing slowed while European shares snapped two days of gains amid concern the Ukraine crisis may escalate. The yen and gold weakened. The Standard & Poor’s 500 Index fell less than 0.1 ...
Apple eyes partnerships in bid to reinvent TV
March 24th, 2014
Apple may have grand ideas about how to reinvent television, but for now, rather than attempting an end-run around the industry’s incumbents, it continues to seek partnerships with them. The computing giant’s next foray into TV could come in ...
Stocks: Preparing for a rush of IPOs
March 24th, 2014
By all indications, Monday could be a quiet trading day, but don’t let the placid mood in the markets fool you — investors are preparing for a rush of initial public offerings this week. The company behind the popular ...
CySec: updated form on the prevention of AML
March 24th, 2014
The Cyprus Securities and Exchange Commission (CySec) the Cypriot financial regulatory authority has released the updated Monthly Prevention Statement for the prevention of AML . The form can be found here. Source: CySec
528 Muslim Brotherhood supporters sentenced to death in Egypt
March 24th, 2014
An Egyptian court sentenced at least 528 supporters of the Muslim Brotherhood to death Monday on charges related to violent riots in the southern Egyptian city of Minya last August, including the murder of a police officer, the country’s ...
Flight 370: When facts are few, imaginations run wild
March 24th, 2014
Malaysia Airlines Flight 370, a Boeing 777 on the way from Kuala Lumpur to Beijing, simply vanished from the sky on March 8. In the two weeks since, the mystery of what happened to its 227 passengers and 12 ...
Witness in Oscar Pistorius trial heard ‘terrified screaming’
March 24th, 2014
A neighbor of Oscar Pistorius said she heard “terrified, terrified screaming” the morning the Olympian killed his girlfriend Reeva Steenkamp. The testimony by Anette Stipp began the trial’s fourth week. Questioned by prosecutor Gerrie Nel, Stipp said she awoke ...
