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ASIC accepts enforceable undertaking from Adelaide-based AFS licensee

July 30th, 2014 (0)
The Australian regulator, ASIC, has today announced that it has accepted an enforceable undertaking (EU) from Adelaide-based PGW Financial Services Pty Ltd (PGW), after an ASIC surveillance found deficiencies in its advice to clients and arrangements for supervising its ...

Zillow acquires Trulia

July 29th, 2014 (0)
With a $3.5 billion, online real estate giant Zillow will acquire rival Trulia in a, all-stock deal, Zillow announced Monday. The transaction is expected to close next year. Under the terms of the deal, Zillow will pay 0.444 shares ...

IronFX Global award ceremony

July 29th, 2014 (0)
IronFX Global, has announced that it has hosted an award ceremony for the winners of the IronFX Live Trading and Introducing Broker (IB) competitions, which were held in the second quarter of 2014. Known as the biggest competitions in ...

FinCEN named FBME Bank Ltd as a foreign financial institution of primary money laundering

July 25th, 2014 (0)
On July 17 FinCEN issued a press release taking action to Protect U.S Financial System. On that date, FinCEN named FBME Bank, which transacts 90 percent of its global banking business through branches in Cyprus, as a foreign financial institution ...

StubHub Defrauded Of $1.6M Worth Of Tickets; 7 People Arrested Worldwide

July 24th, 2014 (0)
Seven people linked to an international cybercrime ring were arrested for defrauding online-ticketing company StubHub of about $1.6 million. The operation, which involved police forces from several countries, was tracking the cyber thieves for hacking into the online accounts ...

New York Fed Censured Deutsche Bank Over Inaccurate, Unreliable Financial Reporting

July 23rd, 2014 (0)
The Federal Reserve Bank of New York found several deficiencies in the way German lender Deutsche Bank AG’s (NYSE:DB) U.S. unit was reporting its financial data, which, according to a Wall Street Journal report Tuesday, the company had known ...

ASIC acts on licensees failing to lodge annual statements

July 22nd, 2014 (0)
A proactive ASIC review of Australian financial services (AFS) licensees that failed to lodge audited annual statements has led to ASIC cancelling eight AFS licences. ASIC reviewed the conduct of 72 AFS licensees operating in the financial advice industry ...

Yahoo buys app analytics firm Flurry

July 22nd, 2014 (0)
Yahoo has acquired an app analytics firm, Flurry, to help boost its advertising revenue from smartphones. Flurry helps app developers analyse data about their users and deliver more personalised ads to them. Some of Yahoo’s rivals have also bought ...

Markets to Remain Concerned over China’s Debt

July 22nd, 2014 (0)
China’s debt has soared to two and a half times its economy, Standard Chartered estimates, highlighting the difficulties Beijing faces in balancing growth with the risk of bubbles forming in its economy. Total financial credit has surged to 251 ...

A Fox-Time Warner deal would give Murdoch new heft in China

July 21st, 2014 (0)
Rupert Murdoch’s plan to buy Time Warner would help the Twenty-First Century Fox chairman make larger inroads in China, a fast-growing market that media moguls are finding hard to crack. Time Warner’s board rejected Murdoch’s $80 billion offer, but ...
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