Search Results for: First Data
Alpari (UK) in Special Administration: USD 99.2 million client money have been realised
August 17th, 2015
KPMG insolvency has published a progress report in relation with Alpari (UK) Limited – in Special Administration for the period January 19 to July 18 2015. The progress report provides an update on the special administration of the Company. ...
Dollar Gains as Yuan Fallout Continues for Emerging Assets
August 17th, 2015
The dollar strengthened as China’s shift to a more market-oriented exchange rate continued to reverberate through emerging economies, driving stocks and the ringgit lower. Oil fell, leading a gauge of commodities to a 13-year low. The dollar was stronger ...
Samsung Pay lines up card schemes and banks for launch
August 14th, 2015
Samsung will introduce its mobile payments service in South Korea later this month, with Visa, MasterCard and several major banks onboard for a US launch in September. The handset manufacturer confirmed at an event to unveil the Galaxy S6 ...
Citigroup’s ‘Bad Bank’ Isn’t So Bad Anymore
August 13th, 2015
Citi Holdings, the ‘bad bank’ Citigroup created to dispose of unwanted assets, has become a surprise success story Citi Holdings was born to be bad. But it is getting better with age. The “bad-bank” unit of Citigroup Inc., Citi Holdings for more ...
Greece’s economy grew in the second quarter
August 13th, 2015
Greek Economy Unexpectedly Surged Before Capital Controls Greece’s economy grew in the second quarter in a surprise surge just before the standoff between the government and its creditors forced officials to impose capital controls. The Hellenic Statistical Authority in ...
The Rules: Forcing companies to disclose tax strategy risks confidentiality issues
August 13th, 2015
A “legislative requirement” for large businesses to publish their tax strategy could create commercial confidentiality risks In an age where large corporates continue to engage in tax avoidance or aggressive tax planning, compelling businesses to disclose their tax strategies ...
Bitcoin’s Dark Side Could Get Darker
August 13th, 2015
Investors see riches in a cryptography-enabled technology called smart contracts–but it could also offer much to criminals. Some of the earliest adopters of the digital currency Bitcoin were criminals, who have found it invaluable in online marketplaces for contraband ...
Visa joins firms betting on technology behind Bitcoin
August 13th, 2015
Move comes at a time when banks around the world are looking at ways to use the technology to make transactions more efficient and secure Visa Inc. will soon have a team of engineers at its Bengaluru office to ...
Asian stocks up despite lower yuan
August 13th, 2015
Asian shares were up despite China sending the value of its currency, the yuan lower for the third consecutive day. Thursday’s yuan guidance rate was set 1% down, a smaller margin than the shock cuts earlier in the week. ...
The Aftermath of LIBOR and Penny-Shaving Attacks
August 12th, 2015
Anyone remember the LIBOR scandal from back in spring 2008? A trader for UBS Group and Citigroup named Tom Hayes was just sentenced by a British court to 14 years imprisonment for his role as a ringleader of the scandal. Darrell Duffie and Jeremy C. ...
