Search Results for: financial institutions
Israel Welcomes Tax Info On Israelis in US
January 19th, 2017
The Israel Tax Authority (ITA) has confirmed that there have been reciprocal exchanges of information, on both American citizens in Israel and Israeli citizens in the United States, under the countries’ Foreign Accounts Tax Compliance Act (FATCA) intergovernmental agreement ...
Deutsche Bank Agrees to Pay $7.2 Billion
January 18th, 2017
Deutsche Bank Agrees to Pay $7.2 Billion for Misleading Investors in its Sale of Residential Mortgage-Backed Securities Deutsche Bank’s Conduct Contributed to the 2008 Financial Crisis The Justice Department, along with federal partners, announced today a $7.2 billion settlement ...
7 Major European Banks Form Blockchain Platform ‘Digital Trade Chain’
January 16th, 2017
A group of seven large European banks has signed a memorandum of understanding (MoU) to develop a blockchain-powered cross-border trade finance platform for small and medium-sized companies in Europe. The participating banks are UK-based banking giant HSBC, Dutch institution ...
FinTech Fortnight Launches in February 2017
January 13th, 2017
The first ever ‘FinTech Fortnight’ is launching in February 2017, drawing attention to this rapidly advancing sector which is impacting and evolving all aspects of finance. FinTech is becoming more revolutionary, and incrementally more important; a recent study by ...
Deloitte Opens Second Blockchain Lab
January 13th, 2017
The lab in New York will focus on creating blockchain prototypes ready for integration into clients’ production systems. The solutions cultivated in the lab will be designed as “ready-to-integrate” for Deloitte’s financial services clients. The blockchain lab, its second ...
OANDA appoints new CEO
January 12th, 2017
OANDA Global Corporation’s Board of Directors has appointed Vatsa Narasimha, formerly CFO of OANDA, as its CEO. Mr. Narasimha succeeds Ed Eger who, alongside the Board, hand-selected Mr. Narasimha for the role. Mr. Eger will remain at OANDA to support ...
Former Bitcoin Exchange Operator Pleads Guilty to Bank Fraud
January 11th, 2017
Former Bitcoin exchange operator Anthony Murgio has been involved in a criminal investigation for quite some time now. Earlier this week, Murgio pleaded guilty to charges of conspiring to operate an illegal Bitcoin exchange. This cryptocurrency platform in question is ...
Bitcoin Extends Loss After China’s Central Bank Warns Investors
January 9th, 2017
PBOC officials tell bitcoin platform to rectify issues Bitcoin surged 120% in 2016 as yuan depreciation quickened Bitcoin extended Friday’s tumble amid concern China will tighten rules on the digital currency to curb capital outflows. The cryptocurrency slid 1.2 ...
CFTC Chairman Timothy Massad Announces Resignation as Chairman
January 4th, 2017
Chairman Timothy G. Massad today said he has tendered to President Obama his resignation as Chairman of the U.S. Commodity Futures Trading Commission, effective on January 20, 2017. Mr. Massad issued the following statement: “For the past two and ...
The decline in global forex trading
December 29th, 2016
Few surveys chart financial history and the changing structure and activities in financial markets as well as the Bank for International Settlements’ Triennial Central Bank Survey of foreign exchange and over-the-counter derivatives. The 2016 Triennial survey covers the period ...
