Category: Markets

Wirecard’s auditor EY received a 500k EUR fine and was banned from taking on new audits

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. According to recent reports, Germany’s accounting watchdog, APAS, has issued a fine against EY, a company that served as Wirecard’s auditor between 2016 and 2018. EY received a 500,000 EUR ($541,650) fine in… Continue reading Wirecard’s auditor EY received a 500k EUR fine and was banned from taking on new audits

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Swiss federal prosecutors are probing Credit Suisse/UBS merger for criminal breaches

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. UBS recently decided to make a sudden and rather rushed acquisition of one of its largest rivals, Credit Suisse. However, the executives seem to have underestimated the potential backlash that would come from… Continue reading Swiss federal prosecutors are probing Credit Suisse/UBS merger for criminal breaches

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Data provider BMLL added support for three Asian exchanges

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. In its recent announcement, an independent provider of historical Level 3 data and analytics, BMLL, revealed that it had made a move to expand its data coverage. The company, which offers data and… Continue reading Data provider BMLL added support for three Asian exchanges

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New York Times refuses to pay for the verified checkmark on Twitter

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Twitter recently announced that it would begin winding down its legacy verified program and removing legacy verified checkmarks. This means that a number of accounts have lost the checkmark on April 1st. However,… Continue reading New York Times refuses to pay for the verified checkmark on Twitter

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SVS Securities compensation process finally ends with the firm’s move to dissolution

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. SVS Securities was a company that provided trading services in CFDs, stocks, IPOs, corporate finance, and more, and it was regulated and authorized by the FSA (Financial Services Authority). However, in August 2019,… Continue reading SVS Securities compensation process finally ends with the firm’s move to dissolution

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Bybit exchange is seeking new opportunities expected from Ethereum’s Shanghai upgrade

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Ethereum’s new Shanghai upgrade is promising a number of new opportunities for the crypto community, as well as for businesses of the crypto industry. One example of this comes from a Dubai-based crypto… Continue reading Bybit exchange is seeking new opportunities expected from Ethereum’s Shanghai upgrade

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Malaysia and Singapore team up to launch a unified QR code for fast international payments

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Asian countries are coming up with new, faster, and simpler ways of making international payments, fully adopting new financial technologies. The newest example of this includes the central banks of Malaysia and Singapore,… Continue reading Malaysia and Singapore team up to launch a unified QR code for fast international payments

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Virgin Orbit announces that it will have to lay off 85% of its staff

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Rocket-making company Virgin Orbit Holdings recently announced some bad news, revealing that it has to lay off 85% of its staff. The company revealed yesterday, March 30th, that this is necessary as it… Continue reading Virgin Orbit announces that it will have to lay off 85% of its staff

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China responds to the US Treasury’s criticism of its lending activities

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Yesterday, March 30th, China responded to the US Treasury Secretary’s recent remarks about its lending activities, calling such statements irresponsible and unreasonable. The statement that the country addressed was actually a criticism of… Continue reading China responds to the US Treasury’s criticism of its lending activities

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Wells Fargo must pay a $98 million fine for compliance violation

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Wells Fargo & Co is finally going to resolve an old and lengthy case by paying a $97.8 million fine for inadequate oversight of its compliance risks. Due to its poor practices, the… Continue reading Wells Fargo must pay a $98 million fine for compliance violation

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