Search Results for: financial institutions
EU and Monaco Sign New Tax Deal
July 14th, 2016
The European Union (EU) and Monaco have signed a tax transparency agreement that will enable them to automatically exchange information on the financial accounts of each other’s residents from 2018. Under the agreement, the EU and Monaco will automatically ...
FCA UK regulated forex trading provider IKON restructures to MEX Group
July 11th, 2016
Mr. Naser Taher, the Chairman of MultiBank Exchange Group, announced the restructuring of the Group under a new trademark name of “MultiBank Exchange Group” (“MEX Group”), with a new holding company based in California, USA. As part of the ...
Italy may trigger collapse of European economy
July 11th, 2016
No emergency measures of either the European Central Bank or any other central banks can rescue the European banking system that currently stands on the verge of collapse. The shares of Europe’s largest financial institutions – Deutsche Bank and ...
Ex-Rabobank trader to plead guilty in U.S. Libor case
July 7th, 2016
A former Rabobank trader from Australia will plead guilty on Thursday to U.S. charges that he conspired in a huge scandal to manipulate Libor, the leading benchmark for pricing financial transactions, his lawyer said. The expected plea by Paul ...
Reserve Bank of Australia decided to leave the cash rate unchanged
July 5th, 2016
At its meeting today, the Board decided to leave the cash rate unchanged at 1.75 per cent. The global economy is continuing to grow, at a lower than average pace. Several advanced economies have recorded improved conditions over the ...
Moody’s downgrades outlook on 12 UK banks following UK vote to leave the EU
June 29th, 2016
Moody’s Investors Service has today changed the outlooks on the ratings of 12 UK banks and building societies. Simultaneously, the rating agency has changed the outlook on the UK banking system to negative from stable. The actions follow a ...
Integral Announces OCX RiskNet, a Mid-point Matching Engine for Banks, Retail Brokers and Investment Managers
June 21st, 2016
— Safe and anonymous customer-to-customer matching — Easily offset risk positions with natural, opposite interest at the Integral FX Benchmark midrate — Seamlessly integrated to Integral’s FX Yield Manager and InvestorFX — OCX now delivers the most comprehensive suite ...
Bitcoin exchange Quoine raises $20m venture investment
June 21st, 2016
Quoine, a Singapore-based Bitcoin exchange, has closed a $20 million funding round, leveraging off the large opportunity for Bitcoin in the Japanese market, led by venture capitalists (VCs) and other ‘strategic investors’. It’s last funding round was a $2 million ...
Is One Of These Companies The Next FinTech Unicorn?
June 21st, 2016
What happens when you take FinTech, one of trendiest sectors out there right now and put it together with the equally popular field of behavioral economics? You get a new sweet spot in finance that’s attracting more than its share ...
IoM FATCA Report Deadline Approaching
June 17th, 2016
The deadline of June 30, 2016, for Isle of Man “Reporting Financial Institutions” to submit their 2015 US Foreign Account Tax Compliance Act (FATCA) reports to the island’s Income Tax Division is now only two weeks away. The June ...