Search Results for: MoU
British banks facing billions in fines over forex-rigging scandal
August 18th, 2015
British banks could face billions of pounds of civil claims over the rigging of the ‘wild west’ foreign exchange markets following a landmark court case in New York. Barclays, HSBC and Royal Bank of Scotland were among nine banks ...
Asian Shares Flat; Yuan-Related Turmoil Fades
August 18th, 2015
China property data continues to be rare bright spot Asian markets were roughly flat Tuesday as turmoil from a weaker yuan dissipated and China’s property market showed signs of recovery. In China, housing continues to be a rare bright ...
China, the Hollow Dragon
August 17th, 2015
In terms of profitability and trade-generated wealth, China is a hollow dragon. It is widely assumed that manufacturing (a.k.a. the world’s workshop) is the source of China’s wealth. But how can this be true, given that manufacturing profit margins ...
British Trader Charged in ‘Flash Crash’ Released After Bail Reduction
August 17th, 2015
Navinder Singh Sarao, the British futures trader charged by United States authorities with contributing to a sudden plunge in American stock markets five years ago, was assigned a reduced bail at a court hearing on Friday, allowing him to ...
Bitcoin: A New Global Economy
August 17th, 2015
When BitPay was founded back in 2011, bitcoin was in its infancy. It was difficult to convert local currencies into bitcoin or to find retailers who would accept it as payment. In just a few years, so much has ...
Bitcoin to Monetize Mobile Games Industry Soon?
August 17th, 2015
The mobile business is booming in recent years, and many companies are trying their hand at creating addictive mobile games. Developing such games takes time, money, and effort, leading to a few possible solutions to monetize these games. Most ...
SIX opens FinTech Incubator “F10”
August 17th, 2015
FinTech Incubator “F10” is the innovation center of SIX. It is home to small interdisciplinary teams who develop promising ideas and evaluate their potential for the financial industry. In collaboration with FinTech start-ups, the team, based at Förrlibuckstrasse 10, is setting ...
ASIC suspends retail OTC derivative licence
August 17th, 2015
ASIC, the financial regulator of Australia, has issued a press release to inform that it has suspended the Australian financial services (AFS) Licence of retail OTC derivative provider Australian Capital Markets Advisory Services Pty Ltd (ACMAS), after change of control. ...
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. ...
Edward Jones to Pay $20 Million for Overcharging Retail Customers in Municipal Bond Underwritings
August 14th, 2015
The Securities and Exchange Commission today announced that St. Louis-based brokerage firm Edward Jones and the former head of its municipal underwriting desk have agreed to settle charges that they overcharged customers in new municipal bonds sales. It’s the ...
