Search Results for: regulators
The “OSB Latest News Module” is released; Free for your website, Forum and Blog
September 15th, 2016
www.onestopbrokers.com would like to inform you that has developed the one of a kind News module “OSB Latest News”. Now you have the opportunity to keep your clients and website visitors informed for real time news, analysis and data ...
KPMG to introduce Digital Ledger Services to help financial services companies
September 15th, 2016
KPMG launches digital ledger services to help financial services companies implement blockchain technology KPMG in Canada announced the introduction of its Digital Ledger Services, a comprehensive suite of services designed to help financial services companies realize the potential of ...
Alibaba Pays $100 Million For Eye-Scan Firm
September 14th, 2016
Expect to “see” eye-scanning in more places. Alibaba’s payments arm, Ant Financial, has acquired EyeVerify, a maker of optical recognition technology used by Wells Fargo along with dozens of regional banks and credit unions across the country. Bloomberg reported the purchase price ...
Wells Fargo Fined $185 Million on Phony Accounts, Fires 5,300 Staff
September 9th, 2016
California and federal regulators fined Wells Fargo a combined $185 million on Thursday, alleging the bank’s employees illegally opened millions of unauthorized accounts for their customers in order to meet aggressive sales goals. A staggering 5,300 employees at Wells ...
The Forex business is officially shrinking for the first time since 2001
September 8th, 2016
The latest triennial survey of the FX industry by the Bank for International Settlements (BIS) has revealed a decline in volumes for the first time in 15 years. The conclusions of the survey are broadly in line with the ...
BM&FBOVESPA becomes first exchange to join R3 distributed ledger consortium
September 7th, 2016
BM&FBOVESPA will be collaborating with over 60 of the world’s largest financial institutions to develop ground-breaking commercial applications for the financial services industry that leverage the appropriate elements of distributed and shared ledger technology. This initiative is part of ...
CySec imposed more than 1 million in Administrative Fines on Investment firms in 2016
September 7th, 2016
The Cyprus Securities and Exchange Commission (CySec) has imposed the total of €1,168 million of fines on Cyprus Investment Firms in 2016, till August 31. In this amount is included a settlement made between CySec and a CIF. The biggest fines ...
SWIFT Discloses More Cyber Thefts
August 31st, 2016
SWIFT, the global financial messaging system, on Tuesday disclosed new hacking attacks on its member banks as it pressured them to comply with security procedures instituted after February’s high-profile $81 million heist at Bangladesh Bank. In a private letter ...
Authorities pledge support, to issue rules for fintech
August 31st, 2016
Financial regulators are readying rules that will target financial technology businesses without limiting their room for growth as President Joko “Jokowi” Widodo pledges support for the infant industry. “I urge all parties to participate in fintech, IT and financial ...
EU Apple Tax Ruling Stirs Fears of Revenue Loss in U.S.
August 31st, 2016
American politicians have spent years salivating over U.S. companies’ stockpile of untaxed foreign profits, now more than $2 trillion and growing. Europe got to that money pot first. The European Commission’s ruling Tuesday that Apple Inc. must pay $14.5 billion in back ...
