U.S. Committee Exchange Commission (Securities & Exchange Commission – SEC) is investigating some accounting practices of “Affiliated Computer Services” (ACS) technology outsourcing firm, bought by the American company in 2010 by $ 5.5 billion. The investigation aims to reveal whether incomes from the re-sale of ACS equipment should have been presented in the form of […]
Barclays, RBS and Other British Banks Due to Pay Huge Compensation to Their Clients
Barclays, Royal Bank of Scotland and another two major British banks are due to pay their clients financial compensations up to 5 billion pounds in value for the incorrect sales of financial derivatives to small companies.
The Country With Only 200 Hundred Dollars Budget
Zimbabwe. Larger than Germany and Japan, this country is really a land of paradoxes that only business and political analysts may decipher. Zimbabwe owns one of the largest reserves of plutonium in the world and actually sits on mountains of diamonds. However, the latest news shocked the entire world, when the governmental officials announced that the country’s budget account consists in only 217 dollars.
The Cayman X Files Are Not So Secret Anymore
One of the most known and, paradoxically, secluded financial paradises in the world, the Cayman Islands, will soon become more transparent regarding the thousands of companies and speculative funds which have found a home there on the Caribbean shore, thus interrupting the confidentiality policy implemented for decades.