The bank essentially performs foreign exchange transactions, such as yen vs. euro, or dollar vs.
State attorneys general are pursuing allegations that certain custodian banks overcharged pensions for foreign exchange transactions.
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In its history, CLS Bank has taken the risk out of foreign exchange transactions among its participants.
Desperate for hard currency, the government imposed curbs on imports and foreign-exchange transactions.
Bank of China is the country's biggest bank for foreign exchange transactions, so the account closure could hurt the North Korean institution.
Both tax pros and financial service firms expect the new 1099-B, Proceeds From Broker and Barter Exchange Transactions, to cause mass confusion.
When times were good, there was enough money sloshing around to fuel equity markets (Hong Kong's strength) and foreign-exchange transactions (Singapore's forte).
He learnt his economics at Yale under James Tobin (whose proposal for a tax on foreign-exchange transactions he argued against within the commission).
For example, the "Big Bang" financial deregulations include liberalizing foreign-exchange transactions, lowering securities trading costs and opening securities underwriting and investment-trust management to new players.
It is not possible to impose an FTT on foreign exchange transactions in the EU. An FTT will not reduce volatility, it will increase it.
State prosecutors are getting help from an organized group of whistle-blowers in a widening investigation into whether banks overcharged public pension funds by tens of millions of dollars for foreign-exchange transactions.
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To appreciate the dollar's dominant international role and why it will be so hard to dislodge, consider that the dollar enters one side of 90% of all the world's interbank foreign exchange transactions.
Since the mechanism of a currency transactions levy is supposed to be based on taxing the net position of foreign exchange transactions, it could represent a restriction of the free movement of capital and payments (Article 63 TFEU).
This is a flow variable and so should largely exclude currency valuation effects, but the drawback is that it will usually overstate the amount of official FX intervention as it includes monthly foreign exchange transactions by the PBoC and commercial banks.
The tax collection case dates back to the 1990s when the IRS vetoed Monex's use of a tax shelter involving London Metal Exchange straddle transactions.
If transactions cease to reflect principles of fair exchange, then all transactions become a coercive, sick joke.
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However, if you go through a barter exchange, the transactions would be reported on a form 1099-B, not a form 1099-MISC, unless they meet certain exceptions.
During their monthly meetings, Curiel would ask Franco to sign documents in English that Franco could not understand, including an International Swaps and Derivatives Association agreement that facilitated the foreign exchange and option transactions, the complaint alleges.
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Install 100 million phones and the network becomes a powerful tool for economic growth, as people gain the ability to instantly exchange ideas and engage in transactions that previously were constrained by the laws of time and space.
These forward-looking statements involve risks and uncertainties that include, among others, risks related to competition, management of growth, new products, services and technologies, potential fluctuations in operating results, international expansion, outcomes of legal proceedings and claims, fulfillment center optimization, seasonality, commercial agreements, acquisitions and strategic transactions, foreign exchange rates, system interruption, inventory, government regulation and taxation, payments and fraud.
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These forward-looking statements involve risks and uncertainties that include, among others, risks related to competition, management of growth, new products, services and technologies, potential fluctuations in operating results, international expansion, outcomes of legal proceedings and claims, fulfillment center optimization, seasonality, commercial agreements, acquisitions and strategic transactions, foreign exchange rates, system interruption, indebtedness, inventory, government regulation and taxation, payments and fraud.
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In fact, interventions do not have to match the total, or even a significant part, of all transactions conducted on the foreign-exchange market to be effective, but only the ex ante imbalances in these transactions.
Normally, traders work for an hour or more after the exchange's closing to process transactions, but activity had stopped dead.
That free ride is over now: Banks have extended currency exchange fees and usage fees to transactions made in foreign countries.
The number of transactions decreased and the exchange rate plummeted.
Betfair's exchange processes more than seven million transactions a day.
In its latest 10Q, the company did disclose that it's received a subpoena from the Securities And Exchange Commission relating to its stock and transactions.
Given the ambit that the FCPA covers, both U.S. and foreign companies listed on a U.S. stock exchange, and the number of individual transactions engaged in by businesses, one might expect the number to be much higher.
Banks will still be able to trade swaps to hedge risk and trade interest rate or foreign exchange swaps, but dealing in riskier swaps transactions must still be moved into affiliates.
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These days Goldman's trading arm is the technology and volume leader at the New York Stock Exchange, where it executes 70% of the transactions electronically, versus less than half of trading for its rivals.
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