The telecom regulator has reduced prices with retroactive effect for the 2013–2016 period. Swisscom is weighing its decision on filing an appeal with the federal administrative court. In a development that will bring cheers to consumers in Switzerland, the country’s… Read More ›
Investors concerns were largely driven by the potential involvement of U.S. authorities which led to the nose diving of Danske’s shares. On Wednesday, Thomas Borgen, Danske Bank’s CEO quit following a money laundering scandal which involved $234 billion (200 billion… Read More ›
FINMA’s investigation has focused on Credit Suisse failing to combat corruption in cases linked to soccer body FIFA and Venezuelan and Brazilian state oil companies. On Monday, Swiss finance industry watchdog FINMA stated, the operations of Swiss multinational investment bank… Read More ›
This preliminary deal essentially sets the foundation for Detroit-based General Motors landmark deal, to be signed on May 11 with the South Korean government, which will see it set up its Asia-Pacific HQ in the country. The deals are aimed… Read More ›
Under new guidelines, the UK’s asset managers will have to annually report an assessment of the value of their services they provide to clients, such that clients can have a firmer grip on the fund’s objectives and better undertsand its… Read More ›
Toshiba’s auditor PriceWaterhouseCoopers Aarata LLC has qualified its latest earnings report. On Thursday, a source with direct knowledge of the matter has divulged that Japan’s securities watchdog is investigating Toshiba Corp’s latest earnings statements to see whether it has properly… Read More ›
Transcript of traders communicating in online chat rooms, which had led Deutsche Bank to settle in an earlier probe by Brazil’s antitrust watchdog Cade in December, show that banks had worked together to manipulate forex rates. The U.S. Federal Reserve… Read More ›
Japan’s Securities and Exchange Surveillance Commission has accused Toshiba’s top management of accounting fraud for the period of 2012-2014. With reports appearing in the media that a security watchdog suspects Toshiba Corp of misreporting its profits by $339.59 million (40… Read More ›
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