Search Results for: UBS
R3 partners with Monetary Authority of Singapore to launch Asia Blockchain Centre of Excellence
November 9th, 2016
Financial innovation firm R3 has collaborated with the Monetary Authority of Singapore (MAS) to launch its first dedicated distributed ledger technology (DLT) Center of Excellence in Asia as it continues to expand its presence in the region. As Singapore’s ...
Cash Converters to pay over $12M following ASIC probe
November 9th, 2016
Following an ASIC investigation, payday lender Cash Converters will refund $10.8 million to consumers who received small amount loans under approximately 118,000 small amount credit contracts. Cash Converters has paid a $1.35 million penalty following the issuing of infringement ...
FXCM Inc. announces Third Quarter 2016 Results
November 8th, 2016
FXCM has issued an announcement to publish Third Quarter 2016 Results. Releases October 2016 Customer Trading Metrics Third Quarter 2016 Highlights: U.S. GAAP net revenues from continuing operations of $61.4 million U.S. GAAP net loss attributable to FXCM Inc. ...
Bank fined $215 Million by DFS for violating Anti Money Laundering Laws
November 7th, 2016
DFS Investigation Uncovers Intentional Actions to Obscure U.S. Dollar Clearing Transactions, Including Counterfeit and Falsified Invoices involving China and Russia and Omission of Information Regarding Possible U.S. Dollar Trades with Sanctioned Counterparties Bank Management Silenced and Severely Curtailed the ...
U.K. Court Puts Brexit in Hands of Parliament
November 4th, 2016
A U.K. court put a hurdle in the country’s route out of the European Union, ruling that Prime Minister Theresa May can’t start the process without approval from Parliament. The High Court decision offers a potential opening to lawmakers to disrupt ...
Commerzbank CET 1 Capital Ratio Increased to 11.8%
November 4th, 2016
Operating profit of €429 m for third quarter 2016 compared to €351 m for second quarter 2016 (Q3 2015: €452 m) CET 1 capital ratio increased to 11.8% as of end of September 2016 (end of June 2016: 11.5%; ...
Saudi Arabia may soon go bankrupt If no changes are made; Saudi experts
November 3rd, 2016
A two-year drop in oil prices has inflicted a dramatic blow to the economy of one of the world’s richest countries. If no changes are made, Saudi Arabia, according to some Saudi experts, will go bankrupt in three to ...
42 Banks Join New Japanese Blockchain Consortium
November 2nd, 2016
42 banks are joining a newly-created Japanese blockchain consortium to enhance the cross-border payment industry. The consortium will focus on research and development, and will cover domestic and foreign exchange services by utilizing blockchain technology. The Japanese blockchain organization ...
Barclays’s 25% London Office Space Cut Signals Glut Threat
November 2nd, 2016
Space being cut in London is equivalent of about 5,000 desks Tenants are getting upper hand in rental talks, Jefferies says Barclays Plc’s decision to cut 25 percent of its London office space highlights the growing risk that tenants will ...
SFC bans Individual for 10 years
November 2nd, 2016
The Securities and Futures Commission (SFC) has prohibited Mr Lawrence Lai, a former representative of UOB Kay Hian (Hong Kong) Limited and UOB Kay Hian Futures (Hong Kong) Limited (collectively, UOB Hong Kong), from re-entering the industry for 10 ...
