Deutsche Bank launched a concerted effort on September 1st 2010 to recruit members of the military into the investment bank. Deutsche Bank has 80,849 employees in 72 countries, and hopes to benefit from the leadership and exceptional training available in former and serving members of the US military. As part of the US Military Veterans [...]
The Fifth Gulf Cooperation Council (GCC) Regulators’ Summit will take place in Abu Dhabi on 16th – 17th February 2011. Over 350 pre-qualified compliance and AML professionals, regulators, and government officials will be attending the 5th GCC Regulators’ Summit in Abu Dhabi. The summit will be inaugurated by the United Arab Emirates’ Minister of Economy, [...]
Under United States pressure to give a market value to its currency, China has begun setting its currency at a higher rate against the dollar – a move welcomed by economists as a more accurate reflection of China’s huge buying power following massive exports growth in the last ten years. China’s yuan is now worth [...]
Fitch, the ratings agency, has upgdraded Banco Pine S.A. (Public, SAO:PINE4) in the following areas: Foreign and Local Currency Long-Term IDR upgraded to ‘BB-’ from ‘B+’; Foreign and Local Currency Short-Term IDRs affirmed at ‘B’; Individual Rating upgraded to ‘C/D’ from ‘D’; Support Rating affirmed at ’5′; Support Rating Floor affirmed at ‘NF’; National Long-Term [...]
A bank which is partly owned by the UK Government was fined on 30th March 2010 by a UK Government watchdog for giving away confidential pricing information to a competitor. Royal Bank of Scotland (LON:RBS) passed on generic and specific pricing information to Barclays (LON:BARC) in 2008. Barclays gained immunity from being fined under the [...]
Portsmouth FC, the club which had to delay paying its players wages recently due to a cashflow crisis, have been dealt another blow by the Premier League, who have decided to redistribute £7m in television rights money to clubs owed by Portsmouth rather than to the club itself. The decision, which is allowed under Premier [...]
Alistair Darling today unveiled the budget which has been described by those commentators more prone to exaggeration as ‘the most important budget ever’ – notably increasing income tax for those earning over £150,000 a year to 50%. Debt in the UK has hit a new record high of £175 Billion, according to Darling, while the [...]
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