Search Results for: ELA
PayPal: Cyber fraud offences
January 3rd, 2015
A 22-year old man connected with the notorious Lizard Squad group of hackers has been arrested by Thames Valley police on suspicion of a series of PayPal-related fraud offences. The South East Regional Organised Crime Unit says the arrest ...
Goldman Sachs sparks outrage by paying staff highest UK bonuses
January 2nd, 2015
Goldman Sachs has paid the highest bonuses to senior staff among banks operating in the UK, sparking outrage and leading to calls the firm must return to “planet earth”. Overall, the US investment bank paid 121 London bosses and ...
British law firms dominate 2014 sukuk issuance sector
January 2nd, 2015
Allen & Overy, Dentons and other UK law firms are dominating the sukuk issuance sector, along with British banks, even though Malaysia remains the geographical capital. Other leading firms are Linklaters, Slaughter and May, King and Spalding and Clifford ...
New Visa Europe Interchange Programme: Opportunity for Merchants and Acquirers
January 2nd, 2015
Early 2015, Visa Europe will introduce their so-called Cross Border Domestic Interchange Programme (CBDIP). This programme will cap interchange fees for domestic transactions processed by European cross-border acquirers. This seems to be excellent news for merchants as it could ...
Warning issued by CONSOB for not authorised firms offering investment services
January 2nd, 2015
The supervisory authority of Italy CONSOB has issued a report warning for the following companies offering investment services without the required authorisation. the company Ftradition Ltd is not authorised to provide investment services and business in Italy in any ...
Oil moves higher to trim year-end losses
January 2nd, 2015
New York-traded crude-oil futures managed to recoup some losses in electronic trade early Friday, though rival Brent North Sea crude saw only a modest gain. Benchmark West Texas Intermediate crude futures for February CLG5, +0.99% improved by 58 cents, ...
Puerto Rico investors sue UBS for $4.5 million
January 2nd, 2015
Claim says UBS mismanaged a trust to keep money invested in closed-end bond funds A lawsuit brought by the purported beneficiaries of a trust is seeking more than $4.5 million as it joins the chorus of claims alleging UBS ...
Fund board severs ties with Thibeault after arrest
December 31st, 2014
Alt fund manager accused of creating fictitious loans no longer has access to the GL Beyond Income Fund The small financial services empire of Daniel Thibeault, a well-known asset manager who was arrested earlier this month on charges of ...
FINRA Sanctions Monex Securities Inc. $1.3 Million for Failing to Register and Supervise Foreign Personnel
December 31st, 2014
Firm’s President Fined and Suspended The Financial Industry Regulatory Authority (FINRA) announced today that it has ordered Monex Securities Inc. to pay $1,100,000 in disgorgement of commissions, plus interest, obtained by unregistered foreign individuals who sold securities on the ...
CySec: acquisition of CIF (Cyprus Investment Firms) licence
December 30th, 2014
The Cyprus Securities and Exchange Commission (CySec) the Cypriot financial regulatory authority, has announced that “Granfeld Wealth Management Ltd.“ has successfully obtained the CySec licence for CIF (Cyprus Investment Firms). The firm is now authorised to operate legally under ...
