Search Results for: Total
Twitter’s Chief Technology Officer to Leave Company
December 21st, 2016
Adam Messinger, Twitter’s chief technology officer, said in a Twitter message on Tuesday that he was leaving the company. His departure follows that of Adam Bain, Twitter’s chief operating officer, who exited last month. Other top product, engineering and ...
Washington proposes $7bn fine on Credit Suisse in mortgage claims
December 21st, 2016
The US Department of Justice (DOJ) has asked Credit Suisse to pay a $5 billion-$7 billion penalty over its sale of toxic mortgage securities in the wake of the 2008 financial crisis, Reuters reported. The Swiss bank has reportedly ...
COMCO fines banks for participating in the EURIBOR cartel
December 21st, 2016
The Competition Commission (COMCO) has closed its investigation against certain banks related to interest rate derivatives in euro with an amicable settlement and imposes total fines of approximately CHF 45.3 million. COMCO reached the conclusion that between September 2005 ...
World-first listing on CISE for global bitcoin fund
December 21st, 2016
Global Advisors Investment Fund plc (GABI) has today been admitted to the Official List of the Channel Islands Securities Exchange (CISE) to become the first regulated bitcoin fund to be listed on any exchange globally. The CISE has approved ...
Banking Giants Set to Invest in R3-Rival & Blockchain Startup Axoni
December 20th, 2016
US banking giants Goldman Sachs and JPMorgan Chase are leading a number of other financial institutions to invest in blockchain startup Axoni, a report has revealed. According to Reuters, the banks are looking to invest between $15 to $20 million in ...
CFTC Orders Convergent Wealth Advisors LLC to Pay an $800,000
December 20th, 2016
CFTC Orders Convergent Wealth Advisors LLC to Pay an $800,000 Civil Monetary Penalty for Fraudulent Omissions and False Statements in Connection with an Employee’s Commodity Pool David Zier made fraudulent representations and issued false statements to clients in connection ...
KPMG UK has announced an increase in revenues; breaks £2bn barrier
December 19th, 2016
KPMG has announced an increase in revenues from £1,958m to £2,068m. Mid-market tax, transaction services and management consulting achieved double digit growth The firm created approximately 1,500 new jobs, with total staff now just over 13,000 KPMG, the professional ...
Fairfax Financial to Acquire Allied World for $4.9 Billion in Cash and Stock
December 19th, 2016
Cash and share offer with dividend for total value of $54.00 per Allied World share – $10.00 in cash and $44.00 in Fairfax Shares 18% premium to the last close per Allied World share Fairfax has the option to ...
Central Bank of Greece forecast a strengthening of growth for 2017
December 16th, 2016
Today, in accordance with its Statute, the Bank of Greece submitted its Interim Report on Monetary Policy 2016 to the Speaker of the Greek Parliament and the Cabinet. Progress with the implementation of the programme and with economic recovery ...
What Dow 20,000 means for stock-market investors
December 15th, 2016
What’s in a number anyway? That may be the question stock-market investors pose as the Dow Jones Industrial Average inches closer to the psychological milestone of 20,000. The Dow DJIA, +0.25% sold off on Wednesday as the Federal Open ...
