06/28/2017
This week the firm wrote to 'hundreds' of borrowers with whom it has been in touch, outlining plans to force the banks to rip up original contracts and charge a 'fair and reasonable' rate of interest on the loans.
06/28/2017
As a consequence, the winding up of the banks will take place under national Italian proceedings. With the approval of the European Commission the Italian government has subsequently decided to grant aid to facilitate the liquidation of Banca Popolare di
06/27/2017
The regulator clearly means business, flagging that the average active fund charges an annual management fee of 0.9%, compared to 0.15% for their passive counterparts.
06/27/2017
There are new and detailed requirements to ensure that any newly created product passes an approval process, an appropriateness test, and is fit for the intended target audience.
06/27/2017
After repeated claims about corruption in the run-up to those votes, FIFA asked its then-chief ethics investigator Michael Garcia to compile a report into the bidding nations for both World Cup, which he produced in 2014.
06/26/2017
The suggestion has led to an uproar among mature fintech startups, who have lobbied hard for a reversal of the decision, claiming that the reforms will provide banks with the means to control what data is shared, putting new entrants at a disadvantage.