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Nasdaq Agrees to Acquire International Securities Exchange
March 10th, 2016
Nasdaq (Nasdaq:NDAQ) announced it has agreed to acquire International Securities Exchange (ISE), an operator of three electronic options exchanges, from Deutsche Börse Group. The acquisition allows Nasdaq to improve efficiencies for clients, broaden its technology offering, and provides the ...
HSBC Going Solo in China Credit Cards Boosts Expansion Plan
March 10th, 2016
Bank has ended card venture with Bocom, Asia head says HSBC would be just one of three foreign card issuers in China HSBC Holdings Plc winning approval to start a credit-card business in China’s $1 trillion market offers Chief ...
Two Cayman Island Financial Institutions Plead Guilty in Manhattan Federal Court to Conspiring to Hide More Than $130 Million in Cayman Bank Accounts
March 10th, 2016
Cayman Companies Admit to Helping U.S. Taxpayer-Clients Hide Assets in Offshore Accounts, and Agree to Produce Account Files of Non-Compliant U.S. Taxpayers First Conviction of Non-Swiss Financial Institution For Tax Evasion Conspiracy U.S. Attorney Preet Bharara for the Southern ...
Equinix Leverages OCP Technology from Facebook to Develop Open Source Ecosystem Inside Equinix Data Centers
March 10th, 2016
Building upon Open Compute Project contributions, open source-based ecosystem will enable enterprises to create next-generation IoT and hybrid cloud platforms Equinix, Inc., the global interconnection and data center company, today announced that it has incorporated technology designed by Facebook and ...
Citi leads $4.2 million Selerity funding round
March 9th, 2016
Selerity, a startup that monitors unstructured data and delivers personalised alerts to investors and traders, has raised $4.2 million in a funding round led by Citi, which is also using the firm’s algorithms to provide recommendations to clients through ...
Tom Hayes Denied Latest Bid to Appeal Libor Conviction
March 9th, 2016
An appeals court on Tuesday denied a request by Tom Hayes, a former trader at Citigroup and UBS, to ask Britain’s highest court to review his conviction in August for conspiring to manipulate a global benchmark interest rate known as Libor. Mr. Hayes, ...
Legal case: Liver Failure caused by Pfizer’s antibiotic Zithromax
March 9th, 2016
Pfizer Italy, a subsidiary of the American Pfizer inc, is facing a defective product lawsuit in Cyprus. The claim concerns the defectiveness of the well known and very popular among pediatricians, antibiotic Zithromax. Zithromax was prescribed to a 16-year-old, ...
London Stock Exchange Group Preliminary Results For The Year Ended 31 December 2015
March 8th, 2016
Unless stated otherwise, all figures in the highlights below relate to performance for 12 months to 31 December 2015 and comparisons with the prior 12 month period (unaudited) Continued delivery of successful strategy – Group strongly positioned to make ...
SEC Charges Rhode Island Agency and Wells Fargo With Fraud in 38 Studios Bond Offering
March 8th, 2016
The Securities and Exchange Commission today charged a Rhode Island agency and its bond underwriter Wells Fargo Securities with defrauding investors in a municipal bond offering to finance startup video game company 38 Studios. The Rhode Island Economic Development ...
Cyprus to Exit From Bailout Program
March 8th, 2016
Country follows Ireland, Spain and Portugal, despite not completing a final task Cyprus will successfully exit from its bailout program this month despite not completing one final task required by its creditors, eurozone finance ministers said Monday. The island-state’s exit ...
