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  • TMX: Top 20 Largest Consolidated Short Position Report - March 15, 2013

    Date 20/03/2013

    Please find below the Top 20 Largest Consolidated Short Position Report Highlights. The report is produced twice monthly, effective the 15th and the end of each month. The report below covers the 2-week period ending March 15th, 2013.

  • European Parliament: Time For A Wholesale Restructuring Of Banking

    Date 20/03/2013

    Banking needs a culture change, which piecemeal legislation will not achieve on its own, says a draft report presented in the Economic and Monetary Affairs Committee on Wednesday. It advocates further, more radical reforms, including separating retail from investment banking, stimulating competition, improving corporate governance and crisis management, reducing complexity and curbing risk-inducing pay deals. The Commission is asked to table legislation to this end.

  • Announcement By The Republic Of Cyprus Ministry Of Finance Bank Holiday Declaration

    Date 20/03/2013

    Subsequently to the rejection of the Bill for the imposition of a fee on deposits, by the House of Representatives, it is deemed necessary, on grounds of public interest in order to ensure financial stability, to declare the 21st and 22nd of March 2013 as a bank holiday. During the bank holiday, no banking transactions will be carried out. 

  • European Commission Statement On Cyprus

    Date 20/03/2013

    Since the autumn of 2011, the possibility of assistance to Cyprus under a programme has been under discussion by the Cypriot authorities with the Commission. In July 2012, Cyprus formally asked for assistance under a programme. The need for assistance comes essentially from problems in the Cypriot banking sector which was unsustainably large for the size of the Cypriot economy. However, it was not possible to conclude negotiations on a programme with the previous Cypriot government.

  • US Federal Trade Commission (FTC) Stops Foreign Operation That Scammed Many Small Businesses And Nonprofits Into Paying Millions of Dollars For Bogus Online Directory

    Date 20/03/2013

    At the Federal Trade Commission’s request, a federal judge has temporarily halted a Slovakia-based operation that allegedly tricked small businesses and non-profits into collectively paying millions of dollars to be listed in an online directory in which they had no interest in being listed and for which they did not understand they would be charged. The FTC is seeking to permanently halt the alleged scam and require the defendants to refund the fees.