26th October 2017
Deutsche Welle Executives attending an extraordinary meeting of Deutsche Börse’s supervisory board on Thursday announced Chief Executive Officer Carsten Kengeter would step down at the end of the year. The company had long been trying to put an end to allegations of insider trading over share purchases by the CEO. Read More
26th October 2017
24 October 2017 By Anna Irrera, Steve Stecklow, Brenna Hughes Neghaiwi, REUTERS The creators of an embattled cybercurrency technology project called Tezos expressed regret on Tuesday about their ongoing dispute with the head of a Swiss foundation that controls the $232 million they raised in one of the largest “initial… Read More
26th October 2017
By Property Industry Eye Owners and directors of agency businesses can start signing up to the new anti-money laundering regime next week. They can also expect an increase in mandatory AML fees. The 2017 Money Laundering Regulations introduced a new requirement for owners and directors of estate agency businesses to… Read More
26th October 2017
Deutsche Bank has agreed to pay $220 million for fraudulently manipulating the US dollar LIBOR ( London Interbank Offered Rate) and other benchmark interest rates. US government units and not-for-profit organisations in New York and throughout the US were cheated of millions of dollars when they entered into financial… Read More
25th October 2017
The United States on Wednesday imposed sanctions on individuals and an entity which it said were linked to sponsoring terrorism in Iraq, Syria and Yemen. The US Treasury’s Office of Foreign Assets Control (OFAC) issued the designations targeting leaders, financiers and facilitators of the Islamic State and al-Qa’ida… Read More
25th October 2017
24 October 2017 By Pavel Polityuk, Jack Stubbs, REUTERS Cyber attacks using malware called “BadRabbit” hit Russia and other nations on Tuesday, affecting Russian Interfax news agency and causing flight delays at Ukraine’s Odessa airport. While no major outages were reported, the U.S. government issued a warning on the attack,… Read More
24th October 2017
COINDESK UK startups working with distributed ledger technology are having problems accessing traditional banking services, according to a report issued last week by the UK Financial Conduct Authority. The financial regulator, which runs a regulatory sandbox to allow new types of companies to test “innovative products, services and business models… Read More
24th October 2017
24 October 2017 By Byron Kaye, REUTERS The Australian government published draft laws on Tuesday that would let financial technology companies operate without a full licence, a measure it said would encourage innovation without compromising existing levels of consumer protection. The draft laws would let companies test “a broad scope… Read More
24th October 2017
By Matt Clinch, CNBC A surge in demand for digital currency in Zimbabwe has highlighted an interesting quirk in the trading of bitcoin, as well as the current economic woes the African country is facing. “Zimbabwe panic sends bitcoin soaring over $6,000?” asked a report on one cryptocurrency website over… Read More
24th October 2017
A US jury has found a former HSBC executive from the UK guilty of defrauding client Cairn Energy in a 2011 currency trade. Prosecutors said Mark Johnson schemed to increase the price of sterling before converting $3.5bn into pounds for Cairn, benefiting HSBC. Mr Johnson, the former head of HSBC’s… Read More