Search Results for: Allen
PayPal Touts Growth Of One-Touch Payments
December 23rd, 2015
The payments giant said Monday that more than 10 million consumers have enabled its universal digital payments service, One Touch. One of the key challenges to mobile and web payments is being able to carry your payments information across ...
Top former A&O partner charged in Petrobras probe
December 23rd, 2015
The Allen & Overy partner who used to be head of its Dutch practice has been charged by the Brazilian Public Prosecutor’s Office in relation to the long-running investigation into oil giant Petrobras. Sietze Hepkema was also the global ...
FINRA Sanctions Cantor Fitzgerald & Co. $7.3 Million for Selling Billions of Unregistered Microcap Shares, and for Related Supervisory and AML Violations
December 22nd, 2015
Trader and Supervisor Suspended and Fined The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Cantor Fitzgerald & Co. $6 million and ordered disgorgement of nearly $1.3 million in commissions, plus interest, for selling billions of ...
Russian central bank issues new payment cards to take on Visa and MasterCard
December 21st, 2015
Thirty-five Russian banks have agreed to participate in the launch of a new national payments card intended to challenge the dominance of Visa and MasterCard. So far, seven of the banks have tested the basic functions of the new’ ...
Asian banks seen taking pole position in post-sanctions Iran
December 21st, 2015
Asian banks are expected to be among the first institutions to venture into Iran once sanctions are removed, with Western financial players remaining cautious for some time to come, banking officials said on Thursday. Iran and world powers reached ...
Thomson Reuters introduce FX Monitor in Eikon Messenger
December 21st, 2015
Move gives corporate treasurers greater control by simplifying access to financial services community alongside exclusive news and analysis from Thomson Reuters Keeping in touch with the rapidly changing and time-sensitive foreign exchange markets can pose significant challenges for corporate ...
How banks are trying squelch Bitcoin’s momentum
December 21st, 2015
There is no question that Bitcoin is causing a lot of worry and hand-wringing in the banking sector — and in national governments uncertain of how to regulate it. It is, after all, a highly disruptive technology — one ...
Saudi Arabia’s government is looking at smart, alternate revenue sources
December 21st, 2015
Saudi Arabia’s foreign reserves are a confidence booster but undoubtedly the government is looking at smart, alternate revenue sources that will not erode the country’s competitive advantage, say economists. Saudi Arabia has the financial depth to continue spending on ...
2015 was a year from hell for the European Union. The 2016 Could be worse with a Brexit
December 21st, 2015
By any measure, it has been a year from hell for the European Union. And if Britons vote to leave the bloc, next year could be worse. Not since 1989, the year the Berlin Wall fell and communism crumbled ...
After jumping over one hurdle, Greece now faces the pension reform. Will 2016 bring new troubles?
December 21st, 2015
Don’t look now, but 2016 may bring a host of new troubles for Greece, which just last week barely overcame a dispute with its international creditors. Struggling to meet the demands of its bailout terms, the Hellenic Republic was ...
