Italian tax police checks Fitch office in Milan - futures io
futures io futures trading



Italian tax police checks Fitch office in Milan


Discussion in Traders Hideout

Updated
    1. trending_up 512 views
    2. thumb_up 0 thanks given
    3. group 0 followers
    1. forum 0 posts
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

Italian tax police checks Fitch office in Milan

(login for full post details)
  #1 (permalink)
Aurora, Il USA
 
Experience: Advanced
Platform: TradeStation
Trading: futures
 
kbit's Avatar
 
Posts: 5,902 since Nov 2010
Thanks: 3,294 given, 3,357 received

The Italian tax police have searched the offices of the Fitch ratings agency in Milan as a part of an ongoing investigation. The cops are looking at the impact of rating agencies reporting on the Italian economy and banking as well as on global markets.

­Public prosecutors began the inquiry into what they describe as “market manipulation with the spreading of groundless and imprudent estimates”. This followed Standard & Poor's downgrade of Italy’s credit rating earlier this month. Prosecutors claim the downgrade negatively affected the economic and banking situation in Italy.

The police have already searched the Italian offices of the other ratings agencies S&P and Moody’s.

After S&P cut the credit ratings of nine euro zone nations including France and Austria, the three major ratings agencies have not been winning new friends, especially among European politicians. German Foreign Minister Guido Westerwelle called for the creation of an independent European rating agency. "It is time for Europe to prove capable of facing up to the credit ratings agencies," Mr Westerwelle said.

Also China has expressed its discontent with the major rating agencies. The head of China's leading ratings agency, Dagong Global Credit, Guan Jianzhong called for the creation of a global credit rating system with a uniform standards

Italian tax police checks Fitch office in Milan — RT

Started this thread Reply With Quote


futures io Trading Community Traders Hideout > Italian tax police checks Fitch office in Milan


Last Updated on January 24, 2012


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

Battlestations! Show us your trading desk - $1,500 in prizes!

March
 

Importance of Finding Your Own Way w/Adam Grimes

Elite only
 

Journal Challenge w/Jigsaw

April
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts