Search Results for: Sage
World’s First Publicly-Traded Law Firm Facing Securities Class Action
October 14th, 2016
There’s a cautionary tale playing out in Australia over what can happen when law firms take money from outside investors, something that’s still prohibited here in the U.S. Slater & Gordon became the world’s first publicly-traded law firm back in 2007, ...
ICICI Bank executes India’s first banking transactions on blockchain in partnership with Emirates NBD
October 13th, 2016
Mumbai: ICICI Bank, India’s largest private sector bank by consolidated assets, announced that it has successfully executed transactions in international trade finance and remittance using blockchain technology in partnership with Emirates NBD, a leading banking group in the Middle East. ...
Mobile Payments soar as Europe embraces new ways to pay
October 12th, 2016
The number of Europeans regularly using a mobile device for payments has tripled since 2015 (54% vs 18%) 74% of British consumers are ‘Mobile Payments users’ – people who manage their money or make payments using a mobile device ...
FFA UK reports Financial Fraud increase
October 12th, 2016
Financial fraud in the first half of 2016 increased by a quarter to £399.5 million, enabled by scams and online attacks, new figures published today (Wednesday 12 October 2016) by Financial Fraud Action UK (FFA UK) show. Banks’ security ...
The Russian Central Bank revoked Banking licence of a commercial Bank
October 6th, 2016
By its Order No. OD-3414, dated 5 October 2016, the Bank of Russia revoked a banking licence of the Moscow-based credit institution Commercial Bank IMoneyBank, limited liability company, or LLC CB IMoneyBank (Registration No. 1975) from 5 October 2016. The Bank of Russia took such an extreme measure — revocation of the ...
ASIC warns AFS licensees to lodge financial statements and auditor’s reports on time
October 6th, 2016
ASIC has been pursuing Australian Financial Services (AFS) licensees that have failed to meet their obligation to lodge their annual financial statements and auditor’s reports with ASIC within the specified timeframe. Licensees with a financial year ending 30 June ...
NRGbinary is a case of how scammers can hide in gaps between regulators and defraud thousands of investors
October 6th, 2016
In early 2013, a young Israeli businessman registered a web domain in London for a company called NRGbinary.com. The online options trading website offered clients the opportunity to make large amounts of money from simple bets on the movement ...
What the recent OPEC deal means for oil prices
October 6th, 2016
The September 28 Algiers accord by Opec to cap production within a range of 32.5 million to 33 million barrels per day was unexpected but very positive for sentiment. This was the first time Opec decided to trim output ...
Lawyers ask for $300 million in fees in VW scandal settlement
October 6th, 2016
Plaintiff lawyers who helped negotiate a potential $10 billion settlement with Volkswagen over the diesel emissions scandal fired back at critics who question their request for more than $300 million in fees for negotiating terms that are largely overlapped ...
Apple Ordered to pay $302 million in damages in a Patent legal case
October 3rd, 2016
A federal jury in Texas on Friday night ordered Apple to pay more than $302 million in damages for using VirnetX Holding Corp’s patented internet security technology without permission in features including its FaceTime video conferencing application. The verdict came in ...
