Search Results for: EC
French government indicates will reclaim SocGen tax deduction if trader wins case
September 23rd, 2016
The French government indicated on Friday it would reclaim a 2.2 billion euro ($2.46 billion) tax deduction from Societe Generale (SOGN.PA) if an appeal court rules ex-trader Jerome Kerviel should not have to pay damages for losses he caused. ...
IBM in blockchain project with China UnionPay
September 23rd, 2016
Another day, another blockchain project unveiled by a bank, technology company, or consultancy. IBM will join the fray this week by announcing a partnership with China UnionPay to let bank customers exchange bonus points in different loyalty schemes. Arguing that such ...
Digital Asset, SIX Securities Services partner to bring blockchain to Swiss financial market
September 23rd, 2016
Digital Asset Holdings, a developer of distributed ledger technology (DLT) for the financial services industry, and SIX Securities Services, the post-trade infrastructure operator for the Swiss financial sector have entered into a partnership and announced plans to develop a proof-of-concept ...
Recent Upgrade by S&P: What does it really mean?
September 22nd, 2016
The first long-awaited upgrade of the Cyprus economy by the rating agencies for this Fall has finally arrived with the recent upgrade from S&P by one notch (from BB- to BB). Now we are only two notches away from ...
Bitcoin vs Litecoin vs Dogecoin – Cryptocurrency compared
September 22nd, 2016
Cryptocurrency was made mainstream by Bitcoin a few years back and with its popularity rising, everyone seems to want a piece of the cake. The currency was launched in 2008 by Japanese pseudonymous developer Satoshi Nakamoto to encourage the growth ...
CySec announced the Continuance of Suspension and commencement of proceedings for the possible withdrawal of a CIF license authorisation
September 21st, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform that, following the announcement dated 09.08.2016, the suspension of the authorisation of the Cyprus Investment Firm ‘UBFS Invest powered by Moneychoice Brokers Ltd’ (‘the Company’), with ...
CySec announced law violations by Cyprus Popular Bank Public Co Ltd and fined Members of its Board
September 21st, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform that the Commission has examined the matter of compliance of Cyprus Popular Bank Public Co Ltd with the Insider Dealing and Market Manipulation (Market Abuse) Law and ...
ASIC discontinues proceedings against two former LM directors
September 21st, 2016
ASIC has discontinued its proceedings against Simon Tickner and Lisa Darcy, former directors of LM Investment Management Ltd (LMIM). In 2014, ASIC commenced civil penalty proceedings in the Federal Court of Australia seeking financial penalties and banning orders following ...
Synechron Launches Blockchain Accelerator Program
September 21st, 2016
Amazon has positioned itself to become one of India’s e-commerce leaders. Purse.io, an online marketplace that allows discounts on Amazon by using bitcoin, is helping Amazon achieve its goal by allowing bitcoin users to receive discounts between 15 and 22% using ...
Fed expected to keep rates unchanged, may signal year-end hike
September 21st, 2016
The U.S. Federal Reserve is expected to keep interest rates unchanged on Wednesday amid tepid inflation and recent weak economic data, but could signal an increased likelihood of a hike by the end of the year. The U.S. central ...
