Archives
ASIC bans former Westpac bank home finance manager in relation to false loan applications
March 12th, 2014
ASIC, the Australian securities and Investment Commission, has permanently banned Mr David St Pierre, a former Westpac Bank Home Finance Manager from engaging in credit activities and providing financial services. Mr St Pierre, of Mt Nathan, Queensland, was a ...
Silver: Silver extends its gains in the Asian trading hours
March 12th, 2014
Silver prices rose 0.21% to USD 20.90 per ounce during the 24 hours ending 23:00GMT, taking cues from gold as well as mirroring broad gains in the prices of industrial metals. In the Asian session, at GMT0400, Silver is ...
Warning from FCA of a clone firm (FA International)
March 12th, 2014
The Financial Conduct Authority (FCA), the British financial regulatory authority, has issued a Warning informing the investors that FA International (www.fa-international.com) is a clone firm and is not permitted to provide any financial services or products. FCA points out that ...
Deloitte propose rent reductions in LA Fitness CVA
March 11th, 2014
DELOITTE INSOLVENCY experts have been recruited to rescue struggling gym chain LA Fitness and LA Leisure. Partners Matt Smith and Neville Kahn have been appointed nominees to supervise the Company Voluntary Arrangement (CVA) of the UK gym chain LA ...
Vodafone, Verizon Accused By India’s Home Ministry of Sharing Customer Details With UK’s GCHQ
March 11th, 2014
The Indian operations of Vodafone (NASDAQ:VOD) and Verizon (NYSE:VZ) shared details about their customers with Britain’s Government Communications Headquarters, or GCHQ, news reports said Monday, citing a December memo from the internal security division of India’s Ministry of Home ...
Commercial property lawyers warned over capital allowance changes
March 11th, 2014
Commercial property lawyers could face future action for negligence if they fail to advise clients about impending tax relief changes. From 1 April, capital allowances, which allow for tax relief for fixtures in property, must be identified and documented ...
Memorandum of Cooperation between FSA and U.S.
March 11th, 2014
On March 10, the Financial Services Agency (FSA) and the U.S. Commodity Futures Trading Commission (CFTC) signed a Memorandum of Cooperation (MoC) regarding cooperation and the exchange of information in the supervision and oversight of regulated entities that operate on ...
Lenovo says China strike an IBM matter, but it won’t cut wages
March 11th, 2014
Chinese PC maker Lenovo Group Ltd said it was up to IBM to resolve a wildcat strike at a China-based factory, as a deal to buy the U.S. company’s server business had yet to be finalized. More than 1,000 ...
FASB Stands by Fair Value Measurement Standard
March 11th, 2014
The Financial Accounting Standards Board has responded to a post-implementation review of its accounting standard for fair value measurement, saying it doesn’t plan to make any comprehensive changes. Last month, FASB’s parent organization, the Financial Accounting Foundation, released the ...
FCA: on SME Banking Market Study
March 11th, 2014
The FCA has announced that it has been working closely with the Office of Fair Trading (OFT) on the SME banking market study. The OFT has issued a market study update, which sets out a summary of the analysis ...
