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News & Updates
Source: Chicago Tribune
The Federal Reserve Bank of New York has found serious problems in Deutsche Bank's U.S. operations, including shoddy financial reporting, weak technology and inadequate auditing and oversight, a person close to the matter told...
July 22, 2014 Sub-Saharan Africa's biggest oil producers in shadowy state deals with Swiss commodity traders - reportSource: Trust.org
Governments in sub-Saharan Africa are selling crude petroleum in shadowy deals worth hundreds of billions of dollars without publicly accounting for the money, according to a new report. A lack of transparency over staggering...
July 22, 2014 Credit Suisse: $779M loss after U.S. settlementSource: USA Today
Swiss banking giant Credit Suisse reported more than $700 million in losses for the second quarter of 2014, which the company attributes to a $2.6 billion settlement with the United States for helping wealthy American clients...
Saudi Arabia plans to open its stock market, the Arab world's biggest, to direct investment by foreign financial institutions in the first half of next year, the market regulator said on Tuesday.
July 22, 2014 Europe rebounds as Ukraine rebels hand over black boxesSource: Reuters Canada
European markets rode a global rebound in risk appetite on Tuesday helped by the first signs of cooperation from Ukraine's pro-Russian separatists over the downed Malaysian Airlines plane.
July 22, 2014 Report: Hedge funds escaped billions in taxesSource: USA Today
Two large banks used a complex financial scheme to help 13 hedge funds avoid paying billions of dollars in taxes and evade federal borrowing limits on brokerage accounts over a 15-year period, according to the findings of a...
July 21, 2014 European stocks fall weighed by geopolitical tensions
Forex Street - The îStoxxî Europe 600 fell 0.53% to 337.860. Among country-specific indexes, UK FTSE 100 lost 0.37%. Germany's DAX 30 shed 0.97% and Franceâs CAC 40 dropped 0.61%. Spainâs Ibex 35 lost...
A bipartisan group of U.S. lawmakers is urging Securities and Exchange Commission Chair Mary Jo White not to allow companies to choose between U.S. and global accounting standards, a move they said could confuse investors and...
Source: Uncover California
General Electric has registered 13 percent increase in the quarterly net profit as the company registered strong demand in jet engines and recovery in the oil & gas units. The company has announced bullish outlook for the coming...
July 21, 2014 Wall Street reform law only half doneSource: CNN Money
Four years have passed since Congress passed a reform law aimed at limiting the fallout of another Wall Street collapse. Only half of the intended rules are in place
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