Search Results for: Banks
Deutsche Bank to Face British Lawsuit Over High-Speed Trading
January 19th, 2016
Deutsche Bank, already troubled by lawsuits and official investigations, faces another challenge. A group of lawyers said on Monday that they planned to sue the company in British court, accusing the bank of using high-speed trading software to profit in foreign ...
Draghi Efforts Thwarted by Oil as Economists See More Easing
January 19th, 2016
Some 61% of respondents in Bloomberg survey see more stimulus Raising monthly QE amount, deposit-rate cut seen among options Mario Draghi may have to up the ante, and he has oil to blame. More than 60 percent of economists ...
WhatsApp to Drop Subscription Fee
January 19th, 2016
WhatsApp will scrap its subscription fee and explore ways that businesses can interact with the mobile messaging service’s users to make up for the lost revenue, its co-founder said Monday. The app previously had charged an annual renewal fee ...
PRA takes enforcement action against former Co-op Bank individuals
January 18th, 2016
The Prudential Regulation Authority (PRA) has today prohibited Barry Tootell, the former Chief Executive (CEO) of the Co-operative Bank Plc (Co-op Bank) and Keith Alderson, the former Managing Director of the Co-op Bank’s Corporate and Business Banking Division, from ...
Is Bitcoin Breaking Up?
January 18th, 2016
Rift widening over how to deal with the size limits within the virtual currency’s ledger of transactions A prominent bitcoin developer has labeled the currency a failed experiment, widening the rift over an arcane but critical technical issue that ...
KPMG and Funding XChange join forces to break deadlock on SME funding
January 18th, 2016
Funding XChange (FXE), the first UK online marketplace that connects small businesses with lenders, has joined forces with global professional services firm KPMG to tackle the £4 billion funding gap – a bottleneck that is holding back the growth aspirations ...
The Top 10 (or 11) Bitcoin-Friendly Cities
January 18th, 2016
Looking to spend bitcoin on your travels? Your chances are much greater in the US. Seven of the top 11 cities with the most merchants that accept bitcoin are in the U.S., based on information from coinmap.org. San Francisco/San ...
Key findings of CBI/PwC survey of 100 financial services firms
January 18th, 2016
Profitability remains strong as Financial Services firms focus on costs, says CBI/PwC poll Overseas level of business below normal, quarterly survey finds Growth in business volumes picked up more strongly than expected in the three months to December ...
Wells Fargo Surpasses Citigroup
January 18th, 2016
Wells Fargo sees 6% growth in assets; Citigroup posts strong annual profit Starting the new year, most big banks are touting their regimens to slim down: Wells Fargo & Co. just keeps growing. The San Francisco-based bank surpassed Citigroup Inc. to become the ...
Asia markets close mostly down; Japan, Australia near bear markets
January 18th, 2016
Markets in Asia closed mostly lower Monday, on the back of another Wall Street sell-off Friday. Major indexes in Australia and Japan were nearing bear market territory, down over 18 percent from their 52-week highs. Down Under, the Australian ...
