Search Results for: law
Banks fine tally since crisis hits $US260bn
August 24th, 2015
The wave of fines and lawsuits that has swept through the financial industry since the 2007-08 crisis has cost big banks $US260 billion, new research from Morgan Stanley shows. The analysis, which covers the five largest banks in the ...
Former CIA employee and NSA Edward Snowden on Bitcoin
August 21st, 2015
Speaking in an interview during IETF 93 Meeting, former CIA employee and NSA contractor Edward Snowden, spoke among others about Bitcoin. He focused his talk on Bitcoin’s flaws and weakness. Edward Snowden began by briefly speaking about the the ...
FMA New Zealand reports: Guilty pleas entered in OPI Pacific Finance case
August 21st, 2015
FMA, New Zealand’s Financial Markets Authority, has issued a press release to inform that: Two former directors of OPI Pacific Finance, Mark Lawrence Lacy and Jason Robert Duncan Maywald, have today pleaded guilty to two charges under the Securities ...
Plus500 informs on its acquisition by Playtech, Withholding Tax and Settlement Update
August 20th, 2015
Following the latest announcement by Playtech to inform regarding the Resolution to approve the acquisition of Plus500 Ltd issued on 19th August 2015, Plus500 has issued a press release to inform that is pleased that the Merger has now received ...
Nearly 100% recoveries for MF Global Brokerage Creditors after Judge decision
August 20th, 2015
Judge Paves Way for Nearly Full Recoveries for MF Global Brokerage Creditors The bankruptcy judge approved the sale of MF Global’s brokerage litigation to its parent A judge on Wednesday paved the way for nearly 100% recoveries for creditors ...
SEC Charges Citigroup and agreed to pay $15 million
August 20th, 2015
SEC Charges Citigroup Global Markets for Compliance and Surveillance Failures The Securities and Exchange Commission announced that Citigroup Global Markets has agreed to settle charges that it failed to enforce policies and procedures to prevent and detect securities transactions ...
South Korea’s third stage of the local legal industry liberalization
August 18th, 2015
Market liberalization keeps law firms on their toes As South Korea is set to enter the third stage of its opening of the local legal industry, the legal circle here remains split over the impact, with some viewing it ...
Is Cryptocurrency bitcoin facing a civil war?
August 18th, 2015
Bitcoin’s forked: chief scientist launches alternative proposal for the currency The bitcoin wars have begun, as Bitcoin XT squares off against the classic flavour of the cryptocurrency Cryptocurrency bitcoin is facing civil war, with two high-profile developers announcing plans ...
British banks facing billions in fines over forex-rigging scandal
August 18th, 2015
British banks could face billions of pounds of civil claims over the rigging of the ‘wild west’ foreign exchange markets following a landmark court case in New York. Barclays, HSBC and Royal Bank of Scotland were among nine banks ...
Tax Administration new report compares performance, best practices and trends in 56 tax administrations
August 17th, 2015
Tax administrations continue to face the challenges of improving their performance while reducing costs, decreasing compliance burdens for taxpayers tackling non-compliance. Improving taxpayer services, while making non-compliance harder, is helping revenue bodies increase their efficiency and allowing governments to ...
