Financial firms News

Regulators and leading financial firms launched a new code of conduct for global currency trading on Thursday, including measures aimed at ensuring its universal adoption by the world`s major financial institutions.

France is working on ways to make Paris a more attractive financial centre to rival the City of London after Britain`s vote to leave the European Union, Prime Minister Manuel Valls said on Saturday.

A majority of Indian investment professionals are optimistic about the prospects of domestic economy even as they are concerned about the lack of ethical culture in financial firms, integrity of financial reporting and mis-selling by financial advisors, says a survey.

Total profit of private non-financial companies rose by 10.3 percent year-on-year to Rs 50,900 crore in the January-March quarter of 2013-14, according to the RBI data released Tuesday.