26 result(s) for fined in Business
NBH Scandal – Central Bank Foundations Fined For Dodging Public Procurement Rules
- 30 Jun 2016 9:00 AM
- business
The Public Procurement Board (KDB) established that the public procurement law is applicable to the Pallas Athene Foundations which were established by the National Bank of Hungary (NBH), and fined the six foundations 200,000 forints (EUR 630) each, the foundations said in a press release on Wednesday.
Moody’s Puts FHB On Review For Downgrade
- 23 Jun 2016 9:00 AM
- business
Moody’s Investors Service has placed FHB Mortgage Bank’s baseline credit assessment, long-term deposit ratings and long-term counterparty risk assessment under review for downgrade. “This rating action reflects the increased risks to the bank’s solvency and business prospects following continued sizable losses during Q1 2016 as well as the recent measures taken by the Hungarian authorities, ...
FHB Share Price Collapses
- 9 Jun 2016 9:00 AM
- business
Shares in FHB Jelzálogbank plunged on Wednesday, falling by the daily 15% maximum in the first hour of trading after both Parliament and the central bank took action against the lender.
MasterCard Weighs Appeal Of Hungarian Competition Office Resolution
- 3 Feb 2016 8:00 AM
- business
MasterCard said it disagrees with a Competition Office (GVH) resolution and fine for abusing its market position, and it is considering appealing it. GVH fined MasterCard Europe SA 88 million forints (EUR 282,000), saying MasterCard set its interchange fees - a fee typically paid by the retailer’s bank to the cardholder’s bank every time a bank or credit card is used - in a way that could squeeze ...
Hungarian Competition Authority Fines MasterCard HUF 88 mln
- 3 Feb 2016 8:00 AM
- business
The Hungarian Competition Authority (GVH) fined MasterCard Europe SA HUF 88 million on charges of abusing its market position, Hungarian news agency MTI reported.
Hungarian Competition Authority Fines Banks USD 13.8 Million
- 13 Jan 2016 8:00 AM
- business
Hungary’s Economic Competition Authority (GVH) has fined the Hungarian Banking Association HUF 4 billion (USD 13.8 million) and the Banker Training Institute HUF 15 million (USD 52,000) for the “unlawful horizontal sharing of information”.
Telefonkönyv Magyaroszág Receives HUF 4.75 mln Fine
- 26 Oct 2015 8:00 AM
- business
Hungaryʼs Competition Office (GVH) fined Telefonkönyv Magyaroszág, Hungary’s phone number register organizer, HUF 4.75 mln on charges of misleading advertising, GVH announced today.
Hungarian National Bank Outlaws Asset Manager
- 19 Oct 2015 9:00 AM
- business
The MNB has banned the activities of asset manager Riches Builder and Seychelles-registered Riches Builder Investment and fined them Ft 338 million for collecting deposits without a licence. The two companies promised outstandingly high yields and repayment guarantees. An aggravating factor in the case was that the companies did not co-operate fully with the MNB during the investigation. The ...
Hungarians Manipulated Prices On LSE
- 14 Aug 2015 9:00 AM
- business
Three Hungarian brokers were fined £6 million after a British court found them guilty of spoofing, an illegal stock-market practice. The Hungarian gang used sophisticated high-speed trading programmes to influence prices on the London Stock Exchange. Swiss fund manager Da Vinci Invest was also fined £1.5 million.
NBH Scandal – Central Bank Foundations Fined For Dodging Public Procurement Rules
- 30 Jun 2016 9:00 AM
- business
The Public Procurement Board (KDB) established that the public procurement law is applicable to the Pallas Athene Foundations which were established by the National Bank of Hungary (NBH), and fined the six foundations 200,000 forints (EUR 630) each, the foundations said in a press release on Wednesday.
Moody’s Puts FHB On Review For Downgrade
- 23 Jun 2016 9:00 AM
- business
Moody’s Investors Service has placed FHB Mortgage Bank’s baseline credit assessment, long-term deposit ratings and long-term counterparty risk assessment under review for downgrade. “This rating action reflects the increased risks to the bank’s solvency and business prospects following continued sizable losses during Q1 2016 as well as the recent measures taken by the Hungarian authorities, ...
FHB Share Price Collapses
- 9 Jun 2016 9:00 AM
- business
Shares in FHB Jelzálogbank plunged on Wednesday, falling by the daily 15% maximum in the first hour of trading after both Parliament and the central bank took action against the lender.
MasterCard Weighs Appeal Of Hungarian Competition Office Resolution
- 3 Feb 2016 8:00 AM
- business
MasterCard said it disagrees with a Competition Office (GVH) resolution and fine for abusing its market position, and it is considering appealing it. GVH fined MasterCard Europe SA 88 million forints (EUR 282,000), saying MasterCard set its interchange fees - a fee typically paid by the retailer’s bank to the cardholder’s bank every time a bank or credit card is used - in a way that could squeeze ...
Hungarian Competition Authority Fines MasterCard HUF 88 mln
- 3 Feb 2016 8:00 AM
- business
The Hungarian Competition Authority (GVH) fined MasterCard Europe SA HUF 88 million on charges of abusing its market position, Hungarian news agency MTI reported.
Hungarian Competition Authority Fines Banks USD 13.8 Million
- 13 Jan 2016 8:00 AM
- business
Hungary’s Economic Competition Authority (GVH) has fined the Hungarian Banking Association HUF 4 billion (USD 13.8 million) and the Banker Training Institute HUF 15 million (USD 52,000) for the “unlawful horizontal sharing of information”.
Telefonkönyv Magyaroszág Receives HUF 4.75 mln Fine
- 26 Oct 2015 8:00 AM
- business
Hungaryʼs Competition Office (GVH) fined Telefonkönyv Magyaroszág, Hungary’s phone number register organizer, HUF 4.75 mln on charges of misleading advertising, GVH announced today.
Hungarian National Bank Outlaws Asset Manager
- 19 Oct 2015 9:00 AM
- business
The MNB has banned the activities of asset manager Riches Builder and Seychelles-registered Riches Builder Investment and fined them Ft 338 million for collecting deposits without a licence. The two companies promised outstandingly high yields and repayment guarantees. An aggravating factor in the case was that the companies did not co-operate fully with the MNB during the investigation. The ...
Hungarians Manipulated Prices On LSE
- 14 Aug 2015 9:00 AM
- business
Three Hungarian brokers were fined £6 million after a British court found them guilty of spoofing, an illegal stock-market practice. The Hungarian gang used sophisticated high-speed trading programmes to influence prices on the London Stock Exchange. Swiss fund manager Da Vinci Invest was also fined £1.5 million.