Recent figures from the EU banking regulator showed that more than 3500 bankers in Europe earned €1bn (£833m) or more last year. Britain has 12 times as many high earners as did any other country. The data from the European Banking Authority showed that 3529 bankers in the EU earned at least €1m in 2012….
Category Archives: Regional News
EU & World Bank Helping the Mindanao Trust Fund
In recent news, the European Union and the World Bank have signed an agreement to formalize the contribution that the regional bloc makes to the Mindanao Trust Fund-Reconstruction and Development Program (MTF-RDP). The EU has made the pledge to offer another €8 million (about P467 million) to the fund with the intention of addressing the…
Michael J. Fox Foundation Donates to Danish Firm
The Michael J. Fox Foundation has recently donated 5.5 million kroner (€750,000) to the pharmaceutical firm Lundbeck based in Denmark. The CEO of the Michael J. Fox Foundation (MJFF), Todd Sherer, said that the organization’s main goal is to advance research so that millions of people with Parkinson’s disease will have better therapy options. The…
Swiss Bankers Association Comments on FATCA
With the implementation of FATCA looming and the date approaching in January 2014, all eyes are on the banks to see how they will comply. The Swiss Bankers Association has listed elements that might be of particular interest. Financial intermediaries in Switzerland will get facilitation in the identification of clients with ties to the US….
Trading Gold and Silver
The main function of gold, silver and indeed any futures market, is for the company to offer a centralized marketplace for investors wanting to buy or sell commodities. Before one starts investing in the purchase of gold coins, they should realize the following. First, there are many different types of gold coins available (research the…
Frenchman Cyril Roux Takes Over at Central Bank
Ireland is getting a new financial regulator, and he’s French. Frenchman Cyril Roux will take over on October 1, succeeding Englishman Matthew Elderfield as deputy governor, financial regulation, at the Central Bank. With his new position, he will be the highest paid executive at the Central Bank, earning a salary of €310,000. He’s being given…
Baker & McKenzie Expansion
The UAE section of Baker & McKenzie is considering the possibility of expanding into the Dubai International Financial Centre (DIFC). Just recently, the company merged with Abu Dhabi and Dubai-based Habib Al Mulla & Co which gave it a much larger presence in the UAE, most notably through its newly-opened Dubai office. The firm –…
BNRG Joins IDA’s Green IFSC Initiative
BNRG was founded in Dublin in 2001 by Neil Holman and David Maguire. Headquartered in Dublin’s International Financial Services Center, it is now a major part of the IDA’s Green IFSC Initiative. They are focused on developing a solar park and are investing in the IDA Green Initiative along with London-based Lightsource Renewable Energy. As…
Fight Over Gibraltar Heats Up
“Hands off our Rock, that’s what I say.” These are recent words from London mayor Boris Johnson, as published in Monday’s Daily Telegraph. He issued a stern warning to Spain over Gibraltar after Madrid said that they would be taking “all necessary measures” to defend their interests in Gibraltar. Mayor Johnson increased border checks and…
Latvia News: Adopting to the Euro
In recent Latvia news, that is making the European finance ministers excited, they will soon be adopting the euro currency. This is a sign of progress for the EU, amid their predominant economic gloom. They have just won the approval to become the 18th European Union country to now use the euro. Tomorrow, the final…
