Author Archives
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Boris Johnson sees UK accessing EU single market while maintaining its own immigration and trade policy
Although Boris Johnson has waged a strong battle for an independent Britain, before Brexit happened, no plans have been outlaid as to how to mitigate the aftershocks and move ahead as an independent nation. With Scotland preferring to remain with… Read More ›
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SEC files lawsuit against Chris Faulkner and his companies
According to the charges filed by the SEC, Faulkner’s inflated projections drew in large investors. He used the money for personal gratification, including visit to strip clubs and private escort services. His companies have inflated their revenues and have little… Read More ›
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Economists at Goldman Sach’s see Brexit impacting Britain’s GDP and economic growth
Brexit has not only made Britain’s GDP weaker, the referendum’s aftershocks have brought about a sense of uncertainty over the global financial system. Furthermore, if Scotland decides to stick with EU, Britain may not be the same ever again. Goldman… Read More ›
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Leveraged Loan market reels under Brexit in EU
Investors and bankers have warned that financial markets will be volatile in the near future, including the loan market, as countries within the Eurozone digests the consequences of Brexit. With British voters choosing to leave the European Union, loan markets… Read More ›
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Morgan Stanley denies BBC report of moving out staff
The BBC has reported that key staffs for Morgan Stanley’s investment banking is being moved from Britain’s financial hub to locations either in Dublin or Frankfurt. Morgan Stanley has rejected media reports that it has begun moving 2,000 investment banking… Read More ›
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Brexit’s impact of Greece
Although officials from Greek’s central banks have said Brexit’s fallout on its economy will be limited, its stock markets have plunged by 28%. Greek’s central bank has notified that Britain’s decision to exit the European Union will have a limited… Read More ›
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Brexit Fallout – SNB confirms intervention in forex market
Switzerland’s National Bank has confirmed that it has intervened in the sudden rise of the franc in the wake of Brexit. With Brexit voters choosing to leave the European Union, Switzerland’s central bank has given a rare confirmation that it… Read More ›
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Fiat Chrysler owners file class action suit for concealing poor design
After due testing, according to the U.S. National Highway Traffic Safety Administration (NHTSA), the electronic gear shifter was “not intuitive and provides poor tactile and visual feedback to the driver, increasing the potential for unintended gear selection.” The timing of… Read More ›
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Volkswagen likely to incur at least $10.3 billion in settlement charges with EPA
The compensation amount of $10.3 billion does not include environmental costs, which could further boost the total cost of the diesel emission scandal. According to 3 sources who are knowledgeable with the matter at hand since they have been briefed… Read More ›
