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ASIC bans former director of Provident Capital Limited

July 28th, 2015 (0)
ASIC has banned Mr Trevor John Seymour, a former director of Provident Capital Limited (Provident Capital), from managing corporations for three years and providing financial services for three years. The ban follows an ASIC investigation which found Mr Seymour ...

Robo-advisors to invade UK wealth management space

July 27th, 2015 (0)
According to a new report released by Deloitte, wealth management in the UK is being disrupted by robo-advisors as they attempt to remove assets from businesses in the form of client information and algorithms, so that portfolios can be ...

Huawei establishes an open platform ecosystem for finance industry with eleven world’s leading banking IT solution providers

July 27th, 2015 (0)
Huawei recently announced that it will partner with eleven of the world’s leading banking IT solution providers to establish an open platform ecosystem for the finance industry at Huawei’s Global Financial Services Industry (FSI) Summit 2015 in Beijing, China. ...

Eurozone debt crisis: why the Greece deal will work

July 27th, 2015 (0)
The deal between Brussels and Athens is actually a good one for both sides Now that Greek banks have reopened and the government has made scheduled payments to the European Central Bank and the International Monetary Fund, does Greece’s ...

What are the implications of the Greek crisis for legal business and the rule of law

July 27th, 2015 (0)
What are the implications of the Greek crisis for legal business and the rule of law? At a roundtable held under the Chatham House Rule, Jonathan Rayner heard City lawyers consider the potential fallout. Greek riot police silhouetted against ...

Square reportedly files for IPO

July 27th, 2015 (0)
Mobile payments startup Square has filed confidentially for an initial public offering, according to Bloomberg sources. People with “knowledge of the matter” have told newswire Bloomberg that Jack Dorsey’s firm has taken advantage of the Jumpstart Our Business Startups Act, which ...

Greece’s headache: how to lift the capital controls?

July 27th, 2015 (0)
It is just the headache Greece‘s government does not need right now: how can it loosen the capital controls that are shielding its banks, but strangling the rest of the economy? For the past month, Greece has been financially ...

What Blows Up Next? Part 1: Resource-Based Economies

July 24th, 2015 (0)
The Great Recession and its aftermath was actually the best of times for countries with natural resources to sell. The US, Europe and Japan ran record deficits and cut interest rates to zero or thereabouts, sending hot money pouring ...

FBI Arrests Coin.MX Founders For Money Laundering Violations

July 24th, 2015 (0)
Anthony R. Murgio and Yuri Lebedev of West Palm Beach Florida were arrested today for running an unlicensed bitcoin exchange with the goal of helping individuals launder money. The press release the FBI put out charges the men of ...

Australian dollar hits fresh six-year low as Chinese factories continue to falter

July 24th, 2015 (0)
Chinese manufacturing was sluggish for the fifth month running, a new survey shows, while the strengthening greenback sends the Aussie below US73c The Australian dollar fell to a fresh six-year low and stocks across Asia dropped sharply after more ...
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