Search Results for: financial markets
Is money-laundering scandal at Danske Bank the largest in history?
September 27th, 2018
The Russian-speaking caller refused to give a name but the threat was explicit: “Do you really feel you can walk home safely at night?” It was 2013 and officers at the Estonian branch of Danske Bank were beginning to ...
Futures trader and trading firm to pay $2.3 Million in penalties
September 24th, 2018
The Commodity Futures Trading Commission (CFTC) issued two orders filing and settling charges against Victory Asset, Inc. (Victory) and Michael D. Franko for spoofing—bidding or offering with the intent to cancel the bid or offer before execution—and for the ...
Cryptocurrency ether plunges again, decoupling from bitcoin
September 13th, 2018
Ether, one of the best-performing cryptocurrencies during the boom last year, is taking another nose dive on Wednesday. The world’s second largest cryptocurrency fell 8 percent to a low of $170.34, bringing its drop since the high in January ...
5 ways the World Economic Forum says Artificial intelligence is changing banking
September 13th, 2018
Artificial intelligence has been a focus of discussions at the World Economic Forum’s annual meeting in Davos, Switzerland, over the past few years, so the organization decided to partner with Deloitte Consulting on a study that sought to “cut ...
VW investors seek $11bn in damages over emissions-cheating scandal
September 12th, 2018
Around 1,670 claims have been lodged against Volkswagen (VW) by its shareholders. They claim the automaker should have informed them about the diesel emissions problem before regulators did in 2015. Angry investors are seeking €9.2 billion ($10.7 billion) in ...
Bitcoin crash: This man lost his savings when cryptocurrencies plunged
September 12th, 2018
An estimated $400 billion has been wiped off the value of major cryptocurrencies since January. Sean Russell’s life savings were among them. Russell rarely played the stock market and had little investing experience when he put around $120,000 into ...
Oil prices rose as U.S. drilling for new production stalled
September 10th, 2018
Oil prices rose on Monday as U.S. drilling for new production stalled and as the market eyed tighter conditions once Washington’s sanctions against Iran’s crude exports kick in from November. U.S. West Texas Intermediate (WTI) crude futures were at ...
Gold And Silver Are Acting Like It’s 2008. They May Be Right
September 6th, 2018
2008 has special significance for gold bugs, both because of the money they lost in August of year and the money they made in the half-decade that followed. Today’s world is beginning to feel eerily similar. Let’s start with ...
Invest in Cryptocurrencies: Beware of fraudsters using cryptocurrencies to swindle consumers
September 5th, 2018
The Financial Services and Markets Authority (FSMA), a public institution that supervises the Belgian financial sector, has issued a warning to inform public and investors about cryptocurrency trading platforms with identified signs of fraud. In accordance the warning, the ...
European stocks finished deep in the red; The biggest losers in Europe
September 5th, 2018
European stocks finished Tuesday deep in the red, amid fears of a crisis in emerging markets and trade tensions between the U.S. and major economies. The pan-European Stoxx 600 slipped to a two-month low during trade, finishing the session ...
