Search Results for: financial crisis
Man Who Introduced Millions to Bitcoin Says Blockchain Is a Bust
August 22nd, 2016
‘Blockchains are a pain to work with,’ says Stefan Thomas Tweaks require consensus, which he says slows progress Stefan Thomas, who introduced millions of people to bitcoin, has had a change of heart. Blockchain, the ledger software that makes ...
Accounting whistleblower turns down multi-million reward
August 22nd, 2016
A whistleblower whose information helped reveal false accounting at Deutsche Bank has turned down a huge financial reward from the Securities and Exchange Commission in protest of failure to punish wrong-doing executives at the bank. Eric Ben-Artzi, a former Deutsche risk ...
Rabobank staff paid settlements for manipulating Euribor interest rates
August 18th, 2016
Four Rabobank staff and one former colleague have paid settlements of up to €3,000 for their role in manipulating internal interest rates. Three of the four workers held senior positions at the bank, the Financieele Dagblad reported. It is ...
Reports from CPMI-IOSCO advance regulatory agenda on central counterparties
August 16th, 2016
Reports published today by the Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) are aimed at enhancing the resilience of central counterparties (CCPs), an important move towards completing the regulatory agenda for ...
Even Hedge Funds Can’t Understand Today’s Manipulated Markets
August 16th, 2016
One of the big surprises of the past few years is the number of brand-name hedge funds reporting terrible results. Their customers are not amused: Hedge Funds Are Losing Endowments After Exodus of Pensions (Bloomberg) – ...
What is the employment rate of young people in EU?
August 16th, 2016
Below is an overview of European Union (EU) statistics related to the employment rates of young people (those aged 20–34 years) who have recently graduated from either upper secondary or tertiary levels of education (as defined by the international ...
PwC Fights $5.6 Billion Fraud Trial over Taylor Bean’s Collapse
August 11th, 2016
PricewaterhouseCoopers LLP failed to spot for seven years a multibillion-dollar fraud that led to the demise of Taylor Bean & Whitaker Mortgage Corp., a lawyer for the lender’s bankruptcy trustee told a Miami jury on Tuesday. At issue is ...
Investment demand for gold jumps to all-time high
August 11th, 2016
In late trade in New York on Wednesday gold edged higher to exchange hands at $1,352 an ounce. Last week gold closed at a two-year high and year to date the metal is up 27% or nearly $300 an ounce. A new study ...
Post-Brexit surge of EU tax cases expected
August 9th, 2016
Advisers anticipate a surge in the number of new tax cases sent to the Court of Justice of the European Union (CJEU) following the UK’s decision to leave the EU. According to law firm Pinsent Masons, the prospect of withdrawing ...
Barclays reaches $100M Libor settlement
August 9th, 2016
Barclays Bank PLC (BCS) has agreed to pay $100 million to settle allegations that its manipulation of a global financial benchmark defrauded government entities and non-profit groups across the U.S. Announced Monday, the settlement includes $93.35 million for restitution to victimized groups that agree to opt in and issue releases ...
