Search Results for: assets
Panama Papers law firm partners get bail
April 25th, 2017
The partners of the law firm at the heart of the Panama Papers scandal were given bail Friday pending further legal action over allegations they helped launder money related to a huge Brazilian bribery case. Juergen Mossack and Ramon ...
Teddy Sagi delisting Market Tech from LSE
April 25th, 2017
Sagi’s privately held LabTech Investments has made an offer at a 30% premium to buy the 29% of Market Tech it does not already own. Teddy Sagi is delisting Market Tech Holdings Ltd. from the London Stock Exchange, with ...
Bank of Russia revoked the licence of a Bank
April 25th, 2017
The Central Bank of the Russian Federation (Bank of Russia) has issued an announcement to inform on revocation of banking licence of credit institution Finars Bank and appointment of provisional administration. By its Order No. OD-1057, dated 21 April 2017, the ...
Investment Bank VP charged With insider trading
April 25th, 2017
The Securities and Exchange Commission today charged a vice president in the risk management department of a New York-based investment bank with insider trading on confidential information he learned in advance of a private equity firm’s acquisition of a ...
Asian Stocks Gain After Global Rally; Yen Weakens
April 25th, 2017
Euro holds advance following surge sparked by French elections China shares rise after selloff; investors watch North Korea Asian equities extended a global rally as Chinese shares climbed after a selloff and North Korean artillery drills did little to ...
New global fund to raise $300 Million for digital currency investments
April 24th, 2017
Alphabit, a global fund that invests in digital currencies, has been launched with a target of $300 million, co-founder Liam Robertson said in an interview, as managers seek to tap growing demand for virtual assets that allow for instant, ...
Grant Thornton UK fined £2.3m over audit failures
April 24th, 2017
Grant Thornton UK LLP (“GT”) and Robert Napper (a retired GT Partner) (together, the “Respondents”), have admitted Misconduct and agreed to fines and other sanctions. This follows the conclusion of the Financial Reporting Council’s (FRC) investigation relating to the ...
The Bitcoin price tripled in 12 months; What’s the future?
April 24th, 2017
The Bitcoin price was traded at around $420 on major Bitcoin exchange markets in April 2016, while in twelve months in April 2017, its price went up to around $1260. This means that Bitcoin price tripled since last year. ...
UN report: Social network payments now reach nearly US $3 trillion in China
April 24th, 2017
Payments on messaging and e-commerce platforms set to increase China’s GDP by $236 billion by 2025, unlocking new economic opportunities for people and small businesses A new UN study reveals that Alipay and WeChat Pay enabled US$2.9 trillion in ...
KCG announces consolidated earnings of $0.05 per diluted share for 1Q2017
April 24th, 2017
KCG accepts proposal from Virtu Financial, INC. to acquire all outstanding shares of KCG’s Class A common stock for $20 per share – A 46 percent premium to unaffected price KCG Holdings, Inc. (NYSE: KCG) announced that it has reached ...
