Search Results for: Fed
HSBC pays out £28m over money-laundering claims
June 5th, 2015
Geneva prosecutor agrees to close investigation into HSBC in return for the financial settlement HSBC has been ordered to pay a record 40m Swiss francs (£28m) and been given a final warning by the Geneva authorities for “organisational deficiencies” which ...
Euro off highs, China shares swing to new peak
June 5th, 2015
Asian shares were mostly lower on Friday while bonds snapped a vicious losing streak and the euro retreated as investors braced for U.S. jobs data and another day of drama over Greece. The main exception was China where stocks ...
IRS Responding To Return Fraud Concerns
June 4th, 2015
The US Internal Revenue Service has made improvements to its systems to detect and prevent identity theft-related tax return fraud, but must do a lot more to eliminate the problem, the Treasury watchdog has said. The Treasury Inspector General ...
Investors Start To Panic As A Global Bond Market Crash Begins
June 4th, 2015
Is the financial collapse that so many are expecting in the second half of 2015 already starting? Many have believed that we would see bonds crash before the stock market crashes, and that is precisely what is happening right ...
NYDFS Announces Final Bitlicense Framework for Regulating Digital Currency Firms
June 4th, 2015
Benjamin M. Lawsky, Superintendent of Financial Services, today announced the release of the New York State Department of Financial Services’ (NYDFS) final BitLicense – the first comprehensive framework for regulating digital currency firms. The BitLicense – which is the ...
ASX: GDP beats forecasts in Q1
June 3rd, 2015
The Australian economy grew at a faster pace than economists expected in the March quarter, data from the Australian Bureau of Statistics shows. Gross domestic product (GDP) grew a seasonally adjusted 0.9 per cent in the three months to the end ...
IOSCO: Joint Forum releases report on credit risk management across sectors
June 3rd, 2015
Today the Joint Forum released its report Developments in credit risk management across sectors: current practices and recommendations. The report provides insight into the current supervisory framework around credit risk, the state of credit risk management at firms and ...
China’s PMI records slight improvement
June 3rd, 2015
China‘s manufacturing activity improved slightly in May, while the service sector continued to weaken, indicating complications in the world’s second-largest economy, a survey showed yesterday. The official Purchasing Managers’ Index, a comprehensive gauge of operating conditions in large state-owned ...
Asia stocks subdued, euro and Aussie stand tall
June 3rd, 2015
A spike in U.S. and German debt yields reduced the appetite for riskier assets to keep Asian share markets subdued on Wednesday, while the euro held gains made on upbeat euro zone inflation data and on hopes that Greece ...
Bank of Japan’s Kuroda says FX should reflect fundamentals
June 2nd, 2015
Bank of Japan Governor Haruhiko Kuroda said on Tuesday it was important for currency rates to reflect economic fundamentals, and reiterated that central bank policy is aimed at fostering price stability and not to weaken the yen. Speaking to reporters after ...
