Thursday, Nov 21, 2024

International Finance

Category : Finance

HMRC- A case of Systematic Failure

International Finance Desk
by International Finance Desk
HMRC has rejected the committee’s view that it is suffering from systemic failure. HMRC- A case of systematic failure The Her Majesty’s Revenue and Customs (HMRC) is in the line of fire, for its failure to reduce the fraud and error which will bear a huge bearing on the British tax payer. The HMRC was challenged by...
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Singapore Press Holdings to raise $ 1 Billion through REIT

International Finance Desk
by International Finance Desk
The company will sell two focused properties to REIT, which will then raise about $ 540 million from the sale of 30% of its units to public investors. Singapore press holdings (SPH)  is planning to rise $ 1 billion in a real estate investment trust (REIT) listing, the company said yesterday. The media company that...
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LPL Financial LLC, fined $ 9 million for E-mail Violations

International Finance Desk
by International Finance Desk
The penalizing of LPL is seen as a warning to businesses to ensure their business does not outgrow their compliance systems. LPL Financial LLC, the U.S. based wealth management advisory firm, with over 13,300 advisors must pay a total of $ 9 million as fine to the Financial Industry Regulatory Authorities (FINRA). They have been...
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UBS Wealth Management Profits Rise to a new High

International Finance Desk
by International Finance Desk
UBS Wealth Management delivered the highest levels of quarterly net new money since 2007, and the highest quarterly profit since 2009. The United Bank of Switzerland has posted a better than expected performance for the first quarter of the year on April 30th. The bank has posted a profit of 7.8 billion CHF, ($ 8.3...
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The Vagaries of Investment Advisory Industry

International Finance Desk
by International Finance Desk
Only an RIA(Registered Investment Advisors) is authorized to provide investment advice for a fee. The world of wealth management brings its own challenges this year, to keep up with market forces, polices of Washington, technological innovations and new client demands. Independent Broker Dealers (IBD) are the new wave of breakaways to the Registered Investment Advisors...
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Can the HR 1579, Inclusive Property Act, Rebuild U.S. Financially?

International Finance Desk
by International Finance Desk
The H.R. 1579 will levy a small sales tax on the trading of derivatives, stocks, bonds and other instruments. Brokers who would carry out trades would be accountable to pay the tax, unless carried out directly by the investors. “This is a huge day”, these were the initial reactions of Republican Ellison, quoting press reporters...
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