European Supervisory Authorities publish Q&A on the Key Information Document (KID)
July 5th, 2017
The Joint Committee, European Supervisory Authorities (ESAs), a forum with the objective of strengthening cooperation between the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA) and the European Securities and Markets Authority (ESMA) has issued ...
Italy formally takes control of Monte dei Paschi
July 5th, 2017
The Italian government took control of Banca Monte dei Paschi di Siena on Tuesday, injecting EUR5.4 billion ($6.1 billion) into the troubled lender as part of a broad plan to bring one of Europe’s weakest banks back to health. ...
Plus500 released that current trading significantly ahead of market expectations
July 3rd, 2017
Plus500, an online service provider for retail customers to trade CFDs internationally, has issued today a press release to publish a half year trading update. According the announcement: Plus500 today announces that following the announcement made on 2 June ...
Broadridge Launches Trade Reporting Solution for SFTR Regulatory Change
June 21st, 2017
Broadridge Financial Solutions, Inc. (NYSE: BR) announced the launch of its trade reporting solution for the European Securities and Markets Authority’s (ESMA) forthcoming Securities Financing Transaction Regulation (SFTR). Broadridge’s new offering will enable market participants of all types to ...
Deutsche Bank will pay $170 million to settle an investor lawsuit about Euribor
June 13th, 2017
Deutsche Bank AG (DBKGn.DE) will pay $170 million to settle an investor lawsuit claiming it conspired with other banks to manipulate the benchmark European Interbank Offered Rate and related derivatives. A preliminary settlement was filed on Monday with the ...
Legal & General choose Dublin for new European hub
May 29th, 2017
UK insurance giant Legal & General has picked Dublin as the European base for its investment management arm, the Irish Independent reports. A LGIM spokesman confirmed the decision to the paper yesterday, with strong indications that more units of the ...
Nestle loses legal fight to trademark four-fingered KitKat bars
May 22nd, 2017
Nestle has lost the latest stage of its legal battle with Cadbury to trademark Kit-Kat’s four-finger shape in Britain. The Swiss company has been fighting Mondelez – the US business that has owned Cadbury since a hostile takeover in 2010 – for ...
Lawyers are suing international banking and financial services company Wells Fargo
May 15th, 2017
Lawyers for customers: Wells Fargo may have opened about 3.5M bogus accounts Lawyers suing Wells Fargo on behalf of aggrieved customers say the bank may have opened about 3.5 million unauthorized accounts, far more than the figure bank and ...
COMPLIANCE OFFICER & ANTI MONEY LAUNDERING OFFICER
May 9th, 2017
Overview: Trade Finance is in our DNA. For more than 10 years, XTrade has helped global traders with access to the world’s largest and most liquid market. By offering the most innovative trading tools, hiring the best trading educators, ...
DCCC launches “Active Risk” Risk Management System
May 9th, 2017
The Dubai Commodities Clearing Corporation (DCCC), the leading Central Counter Party (CCP) in the region and a wholly owned subsidiary of the Dubai Gold & Commodities Exchange (DGCX), has announced the launch of a state-of-the-art Risk Management System (RMS) ...
