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Insider Trading in Connected Firms during Trading Bans

Harvard Corporate Governance

For instance, in 2016, two investment bankers were convicted of insider trading in the UK and sentenced to 3.5 This post is based on their recent paper. For example, in the UK, there are trading bans so-called close periods in place during the 30 days before an earnings announcement.

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Scotiabank Pullback Signals Global Banking Shift Away From Latin America

Global Finance

It continued its push into the region in 2016, purchasing Citibanks retail operations in Costa Rica and Panama for $360 million. The shift has accelerated in recent years as exiting banks cite a combination of rising compliance costs and concerns over anti-money laundering (AML) and combating the financing of terrorism (CFT) regulations.

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Uzbekistan Minister Laziz Kudratov On Country’s Sweeping Economic Makeover

Global Finance

Global Finance spoke with Laziz Kudratov, Uzbekistan’s Minister of Investment, Industry and Trade. Global Finance : Tell us about Uzbekistan’s transformation over the past eight years and what else you are looking to accomplish. Laziz Kudratov : The changes that started in 2016 continue. in the first half of 2024.

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Mexico: New President Pledges To ‘Fix’ Pemex

Global Finance

Mexicos new President Claudia Sheinbaum announced measures last month to steady the finances of the state-owned oil company Pemex, which experienced another round of losses this fall. billion, reducing it to 2016 levels. All finances will be concentrated in a single entity: Pemex. billion Mexican pesos (US$8 billion).

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Forecasting Future Fraud: Q&A With Joanne Horton Of Warwick Business School

Global Finance

Global Finance: Can you briefly describe what your model does? So, they ended up, in 2015 and 2016, creating fictitious revenues, valuing the inventory upward, channel stuffing, and many other things. The post Forecasting Future Fraud: Q&A With Joanne Horton Of Warwick Business School appeared first on Global Finance Magazine.

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Kuwait: Balancing Revenue Growth With Stability

Global Finance

Finance Minister Noora Al-Fassam estimates the tax will target over 300 companies, raising up to $825 million annually. Following the privatization of Boursa Kuwait, which operates the KSE, in 2016, the stock exchange was upgraded to emerging market by global index providers MSCI, FTS Russell, and S&P.

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Mercosur-EU Trade Deal Challenges Protectionism

Global Finance

The original four added Venezuela in 2012 only to suspend it in 2016 for violating political standards; Bolivia rose to full membership last year. The post Mercosur-EU Trade Deal Challenges Protectionism appeared first on Global Finance Magazine.