Search Results for: banks
IBM Launches Blockchain Platform for US Oil Trade
April 7th, 2017
Technology giant IBM has developed a blockchain trade finance platform alongside a bank and a commodity trading house to settle deals using the blockchain solution. Singaporean commodities trading house Trafigura and French bank Natixis join IBM in the innovative ...
FSB-IOSCO Roundtable on Compensation Practices in the Securities Sector
April 7th, 2017
The Financial Stability Board (FSB) and the International Organization of Securities Commissions (IOSCO) jointly organized a Roundtable on Compensation Practices in the Securities Sector on 13 December 2016. Based on the findings of the FSB Compensation Monitoring Contact Group ...
Bank of Russia revoked the banking licence from a credit institution
April 6th, 2017
By its Order No. OD-872, dated 5 April 2017, the Bank of Russia revoked the banking licence from the Kazan-based credit institution LIMITED LIABILITY COMPANY TATARSTAN AGRICULTURAL AND INDUSTRIAL BANK or LLC TATAGROPROMBANK (Registration No.728) from 5 April 2017. The decision was made following the complete loss of capital by LLC TATAGROPROMBANK, ...
Stocks Fall in Asia After Fed Balance-Sheet Signal
April 6th, 2017
Bloomberg Dollar index erases Wednesday loss; yen rises again Treasury yields steady as pace of U.S. hikes questioned Stocks slid in Asia and futures in the U.S. ticked lower after minutes from the latest Federal Reserve meeting showed that ...
How hackers took complete control of a legit Brazilian bank
April 5th, 2017
A Brazilian bank had its entire IT operations taken over by hackers in a ‘stunning compromise’ that saw each of its 36 domains, corporate email and DNS under the attacker’s control. The three-month long heist was uncovered last October ...
Several cryptocurrencies have experienced a significant surge in overall value
April 3rd, 2017
Ripple Price Surge Continues, Altcoin Takes Advantage Of Bitcoin Scaling Troubles While the debate continues within the Bitcoin community, several altcoins have experienced a significant surge in overall value. Cryptocurrencies such as Dash and Ethereum have conquered new levels ...
FCA publishes near final rules on MiFID II
April 3rd, 2017
FCA publishes near final rules on MiFID II and encourages firms to submit applications for MiFID II authorisation The Financial Conduct Authority (FCA) has today published near final rules on the implementation of the Markets in Financial Instruments Directive ...
Financial fraud losses in UK totalled £768.8 million in 2016
April 1st, 2017
Financial fraud losses across payment cards, remote banking and cheques totalled £768.8 million in 2016, an increase of 2 per cent on the previous year, figures from Financial Fraud Action UK show. The new data shows banks and card ...
Spanish Banking Giant BBVA Now a Member of Hyperledger Blockchain Project & Linux Foundation
March 30th, 2017
Spanish multinational banking group BBVA becomes the latest financial institution to join the Hyperledger Project, a cross-industry blockchain collaborative with open-source principles led by the Linux Foundation. Announced by the banking giant this week, BBVA also notably becomes a ...
BREXIT BEGINS: What could happen to Pound, house prices
March 30th, 2017
As the UK hits the Article 50 trigger The Sun take a look at what could happen to the pound, house prices and interest rates : AS Brexit begins and the UK officially starts the process of leaving the ...
