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‘Euro was flawed at birth and destined to collapse’ – Nobel economist
August 10th, 2016
The decision to create a single currency without the institutions which would make it work was “fatal” for the eurozone, said Nobel-Prize winning economist Joseph Stiglitz, adding that the “eurozone must ditch it now to survive.” In his book ...
Banks and tech firms apply blockchain to trade finance
August 10th, 2016
An HSBC (HSBA.L) (0005.HK) and Bank of America Merrill Lynch (BAC.N) venture and financial technology firm R3 said separately on Wednesday that they had created ways of using blockchain technology to simplify trade finance processes. The two banks said ...
iSignthis to offer advanced card services
August 10th, 2016
Highlights: iSignthis executes an agreement to provide full card acquiring and settlement services to Merchant customers, in Australia and New Zealand The agreement creates a stronger relationship with our customers and additional revenue streams for iSignthis iSignthis Ltd (ASX ...
Saving the system
August 10th, 2016
Monetary policy, we are told, is all about staving off recession and stimulating economic growth. However, not only is monetary debasement in any form counterproductive and destroys the personal wealth of the masses, but the economists who devised today’s ...
World Gold Council, LME and key market participants to launch LMEprecious
August 9th, 2016
The World Gold Council and the London Metal Exchange (LME), together with Goldman Sachs, ICBC Standard Bank, Morgan Stanley, Natixis, OSTC and Societe Generale, today announce their intention to introduce a suite of exchange-traded and centrally-cleared precious metals products. ...
Goldman Sachs’s Fight to Avoid Paying Employees’ Legal Fees
August 9th, 2016
We know that paying for a lawyer can be an expensive proposition. The New York Times reported recently that a Turkish gold trader, Reza Zarrab, has hired a veritable who’s who of white-collar defense firms to defend him against charges of ...
B2B payment network Finexio raises $1million
August 9th, 2016
Finexio brings integrated payment processing automation into accounts payable and procurement software Finexio, the smart B2B payment network, announced today it has secured$1M in seed funding. The financing was led by James R. Heistand with participation from Loeb.nyc, and a number of ...
FCA fined Cenkos Securities £530,500 for failures
August 9th, 2016
The Financial Conduct Authority (FCA) has today fined Cenkos Securities plc (Cenkos) £530,500 for failures in its sponsor services business. Cenkos failed to have appropriate systems and controls in place across its sponsor services business, and, on a particular ...
Tullett Prebon to launch innovative electronic trading platform
August 9th, 2016
Tullett Prebon, one of the world’s leading interdealer brokers, announces that it has entered into a partnership with GMEX Group to develop a best-in-class hybrid voice and electronic trading platform for FX Options. The new FX Options trading solution ...
Precious metals funds ride gold trade to 120% rally
August 8th, 2016
Gold mining stocks continue to leverage rising gold prices If you have been a gold investor this year, you can be pleased with the 26% gain for the precious metal. But if you had the foresight to leverage that ...
