Search Results for: PRA
Markit launches centralised FX trade confirmation service
August 10th, 2015
Citi and J.P. Morgan first to confirm FX options trades Markit (Nasdaq: MRKT), a leading global provider of financial information services, today announced the launch of its FX trade confirmation service. The service matches FX option trade terms to ...
Greek debt crisis: Greek bank stocks rise as bailout talks progress
August 10th, 2015
Greek bank stocks have risen as the country comes closer to agreeing a third bailout worth €86bn (£60.8bn) with international creditors. Banks have risen to the top of the Athex Composite Index, with Piraeus Bank trading up 6.94 per ...
Dentons, NextLaw Labs and IBM Cloud fuel legal tech startups
August 10th, 2015
Dentons, the global law firm, today announced that NextLaw Labs, its collaborative innovation platform, has joined with IBM to create a technology platform program using IBM Cloud to enable startups to create and deploy legal applications more quickly. NextLaw Labs ...
KPMG facing probe as Quindell restates accounts
August 10th, 2015
KPMG is facing an investigation by the accounting watchdog over its work auditing the accounts of troubled AIM-listed insurer Quindell. The Financial Reporting Council inquiry was confirmed hours after Quindell revealed it had plunged to a £68m loss last year ...
Citigroup’s Sale of OneMain to Springleaf Hits Antitrust Obstacle
August 7th, 2015
Springleaf agreed in March to buy OneMain from Citigroup U.S. antitrust authorities have thrown a wrench into Citigroup Inc.’s plan to divest its subprime lending unit. Five months ago, Citigroup said it would sell the business, known as OneMain Financial, to Springleaf ...
UBS and Barclays are front runners with Bitcoin 2.0 technology Ethereum
August 6th, 2015
UBS and Barclays are the front runners when it comes to experimenting with Ethereum, a new technology in the class known as Bitcoin 2.0, a source at Barclays told IBTimes. Ethereum is a not-for-profit organisation which offers an open-source ...
Bnp Paribas: PAYING WITH A SELFIE
August 6th, 2015
MasterCard caused a stir a few weeks ago by announcing a September 2015 trial release of its new online payment method: the selfie. An initial group of 500 customers will test the system this autumn, in yet another show of creativity from the banking ...
This Precious Metal Needs a Silver Bullet
August 6th, 2015
In the past 12 months alone, the benchmark silver-futures contract has declined 27% Once prized as a precious metal that could be put to practical use, silver is now getting the worst of both worlds. Like gold, silver has ...
Deutsche Bank Fires Two Senior Trading Executives
August 6th, 2015
Ben Solomon and Ashish Jain are no longer with the bank Deutsche Bank AG has fired two senior trading executives for alleged lax supervision of a pair of more junior employees whose communications with clients allegedly violated the lender’s policies, a ...
JPMorgan, Simpson Sued Over Mistake in GM Loan: Business of Law
August 4th, 2015
It was only a matter of time. One of the participants in a $1.5 billion term loan that JPMorgan Chase & Co. made to General Motors Corp. before its bankruptcy is now suing the bank and its lawyers at ...
