Search Results for: Allen
Citi Announces Sale of Prepaid Card Services to Wirecard
June 30th, 2016
Citigroup today announced that it has reached a definitive agreement to sell its institutional Prepaid Card Services to Wirecard AG. The operations of Prepaid Card Services, including its approximately 120 employees, will be transferred to Wirecard upon closing. Francesco ...
Possible Consequences of Brexit on the FinTech Industry
June 29th, 2016
Financial Technology (FinTech) is an economic ecosystem or industry consisting of companies, mainly startups, that employ technology in an innovative way in order to improve the way that financial services operate, e.g. payments and transfers, auditing, contracts, policy enforcement, ...
Brexit – What Does It Mean For Taxpayers?
June 29th, 2016
June 23rd, 2016, whether for good or for ill, will go down in history as the day on which the European Union became less united, setting in train an as-yet-uncertain, although widely speculated upon, sequence of events. The referendum ...
Euro clearing houses to move in eurozone following the Brexit decision
June 29th, 2016
The European Union will move its London-based bank regulator to Paris or Frankfurt following Britain’s decision to leave the bloc, while the European Central Bank will insist euro clearing occurs in the euro zone, a senior EU official said ...
Before the bell: What you need to know before the US market open
June 28th, 2016
The Brexit rollercoaster is still going full tilt, unbalancing global markets, currencies and politics. Here’s what you need to know before the US open at 2:30pm London time. Major US markets are pointing up ahead of the open, with ...
The official Statement from the Governor of the Bank of England following Brexit vote
June 28th, 2016
The people of the United Kingdom have voted to leave the European Union. Inevitably, there will be a period of uncertainty and adjustment following this result. There will be no initial change in the way our people can travel, ...
How will Brexit affect Britain’s trade with Europe?
June 28th, 2016
Britain will have to reach a new trade agreement with the European Union following its decision to sever links with Brussels. The task will be complex and will have to be carried out under the pressure of a two-year deadline. ...
What does Brexit mean for EU citizens in Britain – and Brits in Europe?
June 27th, 2016
The 3m non-British UK residents and 1.3m Britons living in the EU need to know what the result means in practice Europeans living in Britain For many of the estimated 3 million non-British EU citizens living in the UK, ...
Australian large law firms: Partner numbers shrink as clients cut back
June 27th, 2016
This year’s Australian Financial Review Law Partnership survey has revealed spiralling partnership numbers. Among the large law firms, Norton Rose Fulbright had the highest proportion of partner turnover, followed by Ashurst and Gadens. NRF lost 22 partners, replenished by ...
Oil prices fall as Brexit lingers, refined products glut looms
June 27th, 2016
Oil prices stabilized on Monday as market participants better absorbed the shock of last week’s vote in Great Britain to leave the European Union and recognized the referendum would have little effect on global fuel demand. Brent crude futures ...
