Search Results for: banks
Cryptocurrency exchanges under attack, risking repeat of Mt. Gox debacle
August 31st, 2016
When hackers penetrated a secure authentication system at a bitcoin exchange called Bitfinex earlier this month, they stole about $70 million worth of the virtual currency. The cybertheft — the second largest by an exchange since hackers took roughly ...
Authorities pledge support, to issue rules for fintech
August 31st, 2016
Financial regulators are readying rules that will target financial technology businesses without limiting their room for growth as President Joko “Jokowi” Widodo pledges support for the infant industry. “I urge all parties to participate in fintech, IT and financial ...
Hanjin Shipping Trading Halted After Plunge to Six-Year Low
August 30th, 2016
Creditors decided not to provide fresh loans, Yonhap reports Shipping lines worldwide have posted losses amid slowing trade Hanjin Shipping Co. shares were suspended from trading after plunging to the lowest price since 2009 following a Yonhap News Agency ...
SEC Adopts Amendments Providing Authorities Access to Data Obtained by Security-Based Swap Data Repositories
August 30th, 2016
The Securities and Exchange Commission today adopted amendments to a rule that would require security-based swap data repositories to make data available to regulators and other authorities, allowing them to share information and more effectively oversee the security-based swap ...
HSBC executive pleads not guilty to US charges in forex-related scheme
August 30th, 2016
A senior HSBC executive pleaded not guilty on Monday to charges that he participated in a fraudulent scheme to front-run a $3.5 billion currency transaction by one of the bank’s clients. The plea on wire fraud and conspiracy charges by Mark ...
Cyber threat grows for bitcoin exchanges
August 29th, 2016
When hackers penetrated a secure authentication system at a bitcoin exchange called Bitfinex earlier this month, they stole about $70 million worth of the virtual currency. The cyber theft — the second largest by an exchange since hackers took ...
Investors are pushing into Emerging-market stocks; 20% rise over the past six months
August 29th, 2016
China’s economy is inexorably slowing. Turkey’s sprawling post-coup purge continues apace. Western sanctions against Russia will remain in force for as long as Moscow keeps meddling in Ukraine. Brazil’s brief Olympic distraction is over, so it’s back to the business of dealing with acrippling recession and wrenching ...
Fed’s Dislike of Negative Interest Rates Points to Limits of Stimulus Measures
August 29th, 2016
Federal Reserve officials are content to watch others’ experience of negative rates from a distance Federal Reserve officials are turning a cold shoulder to a controversial idea being tried in Japan and much of Europe to boost anemic economies: ...
Fake law firm used Craigslist to find real lawyers to do their work
August 26th, 2016
A fake law firm reportedly used Craigslist to find real lawyers to do their work while reeling in hundreds of clients who were near being foreclosed from their homes. The Sun-Sentinel reports that the owners of The Asset Protection ...
Asian stocks drop as investors avoid risk before Yellen speech
August 26th, 2016
Asian stocks extended their weekly loss on Friday (Aug 26) ahead of a speech by Federal Reserve Chair Janet Yellen later in the day that may shed light on the US interest-rate outlook. The yen meandered after Japanese consumer ...
