Search Results for: fed
Something Huge Just Happened In Europe
June 10th, 2019
Critics of modern monetary policy have been predicting that the day would come when a central bank would cut interest rates (or at least promise to), and the financial markets, instead of throwing a party, would fall. Then it ...
Cryptocurrency crime cartel managed to raise over $200 million from investors
May 23rd, 2019
A Brazilian cryptocurrency crime cartel has been shut down after conning over 55,000 investors for over $200 million. The cartel ran an unlicensed financial institution without authorization from Brazil‘s Central Bank. The scammers claimed to offer cryptocurrency investments and ...
Beware: Emergency Order against Ponzi scheme targeting hundreds of investors
May 23rd, 2019
The Securities and Exchange Commission (SEC) has issued an announcement to inform that it has obtained a court order halting an ongoing $30 million Ponzi scheme targeting more than 300 investors in the U.S. and Canada. The SEC complaint ...
Post-tariff considerations
May 17th, 2019
President Trump has declared he will extend tariffs of 25% on all America’s imports of Chinese goods. China is responding with tariff increases of its own. The consequences of this action and reaction will be to kick-start higher ...
GDPR close to one year anniversary; Has lived up to its potential?
May 8th, 2019
The European Union’s General Data Protection Regulation was celebrated as a revolution in how internet privacy could be legislated. It was a reaction to long-term concerns in the EU about information collection by tech giants like Facebook, Alphabet and ...
Cyber wars and all that
May 3rd, 2019
Behind the Huawei story, we must not forget there is a wider financial war being waged by America against China and Russia. Stories about China’s banks being short of dollars are incorrect: the shortage is of inward capital ...
The US Government Debt Crisis
May 2nd, 2019
This article explains why the US Government is ensnared in a debt trap from which there is no escape. Its finances are spiralling out of control. In the context of a rapidly slowing global economy, the budget deficit ...
Standard Chartered Bank fined for poor AML controls
April 25th, 2019
The Financial Conduct Authority (FCA) has fined Standard Chartered Bank (Standard Chartered) £102,163,200 for Anti-Money Laundering (AML) breaches in two higher risk areas of its business. This is the second largest financial penalty for AML controls failings ever imposed ...
Forex trading scheme charged in $75 Million fraud
April 25th, 2019
The Commodity Futures Trading Commission (CFTC) filed a civil enforcement action in federal court in Florida against Sarasota area defendants Oasis International Group, Limited (OIG), Oasis Management, LLC (OM), Satellite Holdings Company (Satellite), Michael J. DaCorta (DaCorta), Joseph S. ...
Pound US Dollar exchange rate under pressure
March 21st, 2019
News that Theresa May will only ask for a three month extension to the Brexit deadline saw the Pound Sterling to US Dollar (GBP/USD) exchange rate slump further. Investors were disappointed by May’s decision not to seek a longer ...
