Standard Chartered is the victim of US warfare against British banking August 7, 2012 STANDARD Chartered, one of the few British banks hitherto left untainted by allegations of misconduct, saw its share price nosedive yesterday, after accusations by a New York regulator that it had violated sanctions against Iran. I’m now left more convinced than ever that US politicians and regulators have a hidden objective in exposing the wrong-doings [...]
Strong US data helps lift the FTSE as miners and banks take a dive September 25, 2012 BRITAIN’S top share index rose yesterday, with energy stocks in the lead, improving on small gains earlier in the day after US data allayed some concerns over a stalling of the global economic recovery. At the close, the FTSE 100 index was up 20.87 points or 0.4 per cent at 5,859.71 points, near the session [...]
ING agrees to pay $619m fine for violating US state sanctions June 12, 2012 ING Bank has agreed to pay $619m (£398m) to settle US government allegations that it violated US sanctions against Cuba, Iran and other countries. It was the biggest ever fine against a bank for sanctions violations, officials said. US authorities said ING moved $1.6bn illegally through banks in the US from the early 1990s through [...]
FTSE 100 dragged down by miners August 15, 2012 The FTSE 100 opened 0.6 per cent down this morning, as mining companies led the blue chip index down. Miners New World Resources, Rio Tinto, Vedanta, Anglo American and Evraz were all clustered in the morning’s biggest fallers on fears of slowing demand. New World and Rio Tinto fell by more than four per cent, [...]
Green caught up in HSBC scandal July 18, 2012 GOVERNMENT minister Lord Green was last night dragged into the scandal surrounding HSBC after the Labour party said the peer has “serious questions to answer” regarding his time in charge of the bank. Green was chief executive of HSBC between 2003 and 2006, then chairman until 2010. During this period some of HSBC’s clients were involved [...]
FTSE maintains its four-month high despite hit from ex-dividend stocks August 8, 2012 BRITAIN’S blue chip share index rose by just a few points yesterday, consolidating around a four-month peak as a slide in a batch of stocks trading without their dividend entitlements offset gains in banking and mining stocks. Fifteen blue chip stocks traded ex-dividend yesterday including heavyweights Royal Dutch Shell, BP, AstraZeneca, GlaxoSmithKline, and Barclays knocking [...]
PROFILE: THE MAN THEY’RE CALLING THE NEW ELIOT SPITZER August 7, 2012 BENJAMIN Lawsky is no stranger to politics, serving as chief of staff to New York’s governor Andrew Cuomo before taking the top job at the state’s newly formed Department of Financial Services last October. His activity since has led to whispers that he may have an eye on higher office. The 42-year-old took has gone [...]
Britain closes Iran embassy November 30, 2011 BRITAIN shut its embassy in Tehran yesterday saying that Tuesday’s rioters, who burned British flags and ransacked offices, could not have acted without consent from Iranian authorities. The Iranian embassy in London has also been closed and its diplomatic staff instructed to leave the UK within 48 hours. William Hague told parliament: “If any country [...]
Iran test fires long-range missiles in Gulf naval drills January 2, 2012 IRAN said yesterday it had successfully test-fired what it described as two long-range missiles, flexing its military muscle in the face of mounting Western pressure over its nuclear programme. The announcement came at the climax of 10 days of naval exercises in the Gulf, during which Tehran has warned it could shut the Strait of [...]
Iran test fires long-range missiles in Gulf naval drills January 2, 2012 IRAN said yesterday it had successfully test-fired what it described as two long-range missiles, flexing its military muscle in the face of mounting Western pressure over its nuclear programme. The announcement came at the climax of 10 days of naval exercises in the Gulf, during which Tehran has warned it could shut the Strait of [...]