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Facebook Faces EU Scrutiny Over WhatsApp Purchase
December 21st, 2016
The European Union on Tuesday accused Facebook Inc. of giving “incorrect or misleading information” to investigators who were probing its purchase of chat app WhatsApp in 2014, a surprise charge that exposes the company to a hefty fine. The ...
Paysafe Group plc: Share Buyback Programme
December 20th, 2016
Paysafe Group plc (LSE: PAYS, the “Company”) today announces that it intends to commence an inaugural share buyback programme of up to £100 million (the “Programme”). The management of Paysafe, together with the Company’s Board, believe the current share ...
CySec announced the suspension and commencement of proceedings for the possible withdrawal of an ASP license
December 20th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform that the Administrative Services provider authorisation of Blaustein Corporate Services Ltd (‘the Company’), with number 171/196, is suspended on December 8 2016, pursuant to section 15(1)(b) ...
CySec announced Continuance of suspension and commencement of proceedings for the possible withdrawal of a CIF license
December 20th, 2016
Following the announcement dated 29th September 2016, the Cyprus Securities and Exchange Commission (CySec), after a decision at the meeting dated 28th November 2016, announces that the authorisation of the Cyprus Investment Firm Best Choice FBC Ltd (‘the Company’), ...
Hong Kong to Start 2017 Disruption With Fintech Festival
December 20th, 2016
The first fintech event of 2017 will see 24 startups from across the globe heading to Hong Kong as part of the week long StartmeupHK Festival. 2017 is expected to be another year of disruption with more financial technology ...
Grant Thornton UK reports 2.5% increase in revenue to £534m
December 20th, 2016
Leading business and financial adviser Grant Thornton UK LLP has continued to deliver against its Vision 2020 strategy. The firm’s financial results for the year ending 30 June 2016 show a 2.5% increase in revenue to £534m for the ...
UK seeks transitional trade deal with EU to avoid Brexit ‘cliff edge’
December 20th, 2016
Britain may need an interim trade agreement with the European Union to smooth its exit from the bloc, said Britain’s Trade Secretary Liam Fox, adding there should not be a “buy back” into many EU regulations. A transitional trade ...
IMF head Christine Lagarde found guilty in French negligence court case
December 20th, 2016
IMF head was French finance minister in 2008 when billionaire was given $425M payout The high-flying career of Christine Lagarde, the head of the International Monetary Fund, hung in the balance Monday after a special French court convicted her ...
Authorities Allege $1 Billion Fraud at Platinum Partners
December 20th, 2016
In June 2014, the founder of hedge fund Platinum Partners sent a panicked email to his partner. “It can’t go on like this,” wrote Mark Nordlicht, fretting about mounting requests from investors for their money back. “This is code ...
Spains first Fintech incubator and accelerator wants to attract international companies
December 19th, 2016
Spains first Fintech incubator and accelerator wants to attract talents and start-ups from Europe and Latin America. The program includes a 16 weeks incubation in Spain and continues to use a collaborative approachas it does not require any stake ...
