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  • Hong Kong's Securities And Futures Commission Revokes The Licence Of Hong Hui Lung

    Date 08/06/2012

    The Securities and Futures Commission (SFC) has revoked the licence of Mr Hong Hui Lung, a former managing director of Mega Capital (Asia) Company Limited (Mega Capital), to act as a representative and the approval for him to act as a responsible officer.

  • SIFMA Statement On Release Of Fed Proposals Implementing Basel III

    Date 08/06/2012

    SIFMA today released the following statement from President and CEO Tim Ryan following the release by the Federal Reserve of proposed regulations to implement new capital and liquidity ratios under the Basel III agreement.

  • Statement From Office Of New York Attorney General On Court Ruling In Bank Of America Mortgage-Bond Lititgation

    Date 07/06/2012

    A New York judge today granted Attorney General Eric T. Schneiderman's right to intervene in litigation over Bank of America's proposed $8.5 billion settlement with mortgage-bond investors over opposition by Bank of New York Mellon, the trustee for investors. Schneiderman sought to intervene in the case to protect the interests of investors not involved in structuring the agreement, because it is far less than the massive losses investors have faced and will continue to face.

  • Fitch: New Base Case Indicates Spanish Banks Need EUR50bn To EUR60bn Capital

    Date 07/06/2012

    Fitch Ratings says that under its updated base case, the Spanish banking system will need additional capital requirements of between EUR50bn and EUR60bn to cover potential stressed losses on the domestic loan portfolio. Under a more extreme scenario, based on what occurred in Ireland, these amounts rise to between EUR90bn and EUR100bn. In both scenarios, this arises from the taking of upfront stressed losses, net of taxes, and without taking into account pre-impairment profits.

  • Standard & Poor's Announces Changes In The S&P/TSX Canadian Indices - A Deletion From The S&P/TSX Venture Composite Index

    Date 07/06/2012

    S&P Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices:

    The Toronto Stock Exchange announced today in the Daily Bulletin that the shares of Yellowhead Mining Inc. (TSXVN:YMI) will graduate to trade on TSX at the open of trading on Monday, June 11, 2012. The ticker symbol will remain "YMI" and the CUSIP number will remain 98563A 10 0. The company will be removed from the S&P/TSX Venture Composite Index after the close of trading on Friday, June 8, 2012.