Britain’s biggest banks have agreed to a settlement for misrepresenting interest-rate protection products sold to small and medium-sized businesses, the country’s financial regulator said on Friday. The Financial Services Authority said Barclays, HSBC, Lloyds Banking Group and Royal Bank of Scotland have all agreed to provide redress to victims of the practice. http://www.hindustantimes.com/BusinessSectionPage/BusinessBankingInsurance/UK-bank-scam-big-4-to-pay-compensation/Article1-880965.aspx .
Britain’s biggest banks have agreed to a settlement for misrepresenting interest-rate protection products sold to small and medium-sized businesses, the country’s financial regulator said on Friday. The Financial Services Authority said Barclays, HSBC, Lloyds Banking Group and Royal Bank of Scotland have all agreed to provide redress to victims of the practice. http://www.hindustantimes.com/BusinessSectionPage/BusinessBankingInsurance/UK-bank-scam-big-4-to-pay-compensation/Article1-880965.aspx .
Options (index options and stock options) now constitute 70 per cent of the total stock market turnover . This has been primarily driven by the retail investors, say market-m http://www.thehindubusinessline.com/markets/article3528791.ece .
Market watchdog Sebi seems to be moving at the fastest pace in at least five years while taking up cases for investigations, but the same speed seems to be lacking in completing them. http://economictimes.indiatimes.com/markets/regulation/sebi-on-fast-track-in-taking-up-probes-slow-on-completion/articleshow/14123096.cms .
Market watchdog Sebi seems to be moving at the fastest pace in at least five years while taking up cases for investigations, but the same speed seems to be lacking in completing them. http://economictimes.indiatimes.com/markets/regulation/sebi-on-fast-track-in-taking-up-probes-slow-on-completion/articleshow/14123096.cms .
Indian gold exchange traded funds (ETFs) are witnessing their highest net outflows in 52 months. With some recovery in the stock markets and gold prices surging to Rs 30,000 for 10g, investors have started booking profits partially, say fund managers http://www.business-standard.com/india/news/net-outflowsgold-etfs-hit-52-month-high/477364/ .
The Finance Ministry has made it clear that it has no intention to levy any service tax on derivative transactions even in the negative list regime. From July 1, services taxation will be under a negative list approach whereby all services except a specified list of 17 services would attract service tax http://www.thehindubusinessline.com/markets/stock-markets/article3505629.ece .
The Finance Ministry has made it clear that it has no intention to levy any service tax on derivative transactions even in the negative list regime. From July 1, services taxation will be under a negative list approach whereby all services except a specified list of 17 services would attract service tax http://www.thehindubusinessline.com/markets/stock-markets/article3505629.ece .
The finance ministry has received feedback that the Indian capital markets could witness $20-25 billion inflows on the pessimistic side and $80-90 billion on the optimistic side in the next two years, from the newly announced category of qualified foreign investors (QFIs) route. QFIs include foreign individuals, groups and associations. This was an input the […]
The government is set to remove the legal hurdle in the entry of banks into commodity futures trading, despite the Reserve Bank of India’s reservations on the issue. Banks can now trade in shares, bonds and currencies, but Section 8 of the Banking Regulation Act prohibits them from trading in goods. http://www.business-standard.com/india/news/govt-backs-banks/-entry-into-commodity-futures-trading/476217/ .
