Search Results for: Britain
Credit Suisse and Yorkshire Building Society fined for failing to promote products
June 16th, 2014
The Financial Conduct Authority has slapped a unit of Credit Suisse and the Yorkshire Building Society (YBS) with millions of pounds worth of fines for failing to ensure that the promotion of a key financial product was clear, fair ...
HM Treasury, the BoE and the Financial Conduct Authority announce Fair and Effective Markets Review
June 12th, 2014
The British government has announced in a press release publishing the Fair and Effective Markets Review the strategic steps to follow in order to raise standards of conduct in the financial system. The review was conducted jointly by the Treasury, the ...
Money Moves, India Tax Evaders, Credit Suisse: Compliance
June 10th, 2014
The U.S. Treasury Department said it sets limits while giving the nation’s intelligence agencies access to reports that banks file on suspicious or large money moves by customers, including information about Americans. The Treasury, saying it was responding to ...
Barclays Fine Spurs New U.K. Scrutiny of Derivatives Conflicts
June 6th, 2014
Britain’s markets regulator plans to scrutinize the conflicts of interest banks face when they use derivatives after fining Barclays Plc (BARC) for manipulating the price of gold to avoid a pay-out to a client. The Financial Conduct Authority will ...
The Return of Moderation: Sea of Tranquility
May 29th, 2014
Volatility has disappeared from the economy and markets. That could be a problem. A decade ago, the business cycle was an endangered species. Recessions in the rich world had become rare, shallow and short; inflation was predictably low and ...
Asia stocks decline while Europe shares rise
May 27th, 2014
Asian stock markets were muted Tuesday as tensions flared between China and Vietnam over a territorial dispute while hopes of easier monetary policy continued to boost European shares. Germany’s DAX rose 0.4 percent to 9,927.85, extending the previous day’s ...
Euro hits three-month low after German data surprise
May 23rd, 2014
Asian shares hit one-year highs on Friday and bond yields were on track to notch up a broad-based rise on the week, but European markets softened after a closely watched measure of German business confidence came in weaker than ...
AstraZeneca chief executive calls for a tax risk
May 19th, 2014
The US pharmaceutical seeking to acquire UK rival AstraZeneca represents a tax avoidance risk, according to the UK druggist’s chief executive Pascal Soriot. Pfizer, which has proposed a £63bn takeover of the UK business, intends to use the AstraZeneca ...
London’s Latest Boom Is in Billionaires
May 13th, 2014
Tucked into the U.K, the world’s seventh-richest country with an annual GDP of about $2.5 trillion, is an island of rich people with its own subculture, customs, habits and proclivities. London now has more billionaires than any other city ...
Cameras will be in British courts ‘within five years’ claims former top prosecutor
May 8th, 2014
Cameras could broadcast live from criminal courts in Britain within the next five years, the ex-top prosecutor Keir Starmer has predicted. The former Director of Public Prosecutions said the heightened interest in trials televised abroad such as that of ...
