PayPulling Out: PayPal pulls out of Facebook’s cryptocurrency
PayPal announces its decision to pull out of Libra, a cryptocurrency launched by Facebook.
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October 17, 2019
Now You See It, Now You Don’t: A look at the “CumEx” scandal
Involving an extensive network of bankers, tax lawyers and traders (dubbed by Danish Broadcasting Corporation the men who plundered Europe) the CumEx scandal refers to a tax fraud scheme that was purportedly operated across a large number of European countries. It may have netted its operatives upwards of €60 billion.
October 15, 2019
FranceBlock: France deals new blow to Facebook’s Libra cryptocurrency by blocking development plans
The French finance minister, Bruno Le Maire, said France will block the development of Facebook’s Libra cryptocurrency in Europe until the concerns over the risk to consumers and the government’s monetary sovereignty were addressed.
September 27, 2019
Looks like Brexit isn’t the Only No Deal: Hong Kong rejected by London
The London Stock Exchange has rejected Hong Kong’s £38 billion takeover bid.
September 26, 2019
If You Want to Be My Digibank, You’ve Got to Get With the Programme: Singapore clarifies the eligibility criteria for digital banks
On 28th June 2019, the Monetary Authority of Singapore (MAS) announced that it will issue up to five new digital banking licenses. For the first time, following Hong Kong’s move earlier this year, MAS applications are being opened to firms with no track record in banking. MAS expects to grant licenses in mid 2020 and start business by mid 2021.
September 17, 2019
Virtual Banking Continues to Go Viral: Virtual banking spreads to Singapore as the heated race to tap into Asia’s unbanked markets ensues
This month, the MAS (Monetary Authority of Singapore) will start the bidding process for 5 new virtual bank licenses in the Singaporean market.
August 14, 2019
Welcome to FaceBank: Facebook Coin’s challenge to Global Banking
Facebook’s plan to operate its own digital currency is causing major concerns to the banking industry.
July 23, 2019
Failure 4 All: The “Big Four” fail to meet audit quality targets
A report by the Financial Reporting Council (FRC) has revealed the Big 4 accountancy firms have failed to meet audit quality targets.
July 22, 2019
Illustration of flying gold bitcoins. Cryptography, currency, business. Financial concept. Design element for banners, posters, leaflets and brochures.
Crypto Clampdown: FCA consults on proposed ban of cryptocurrency products
The Financial Conduct Authority (FCA) has opened a consultation on a proposed ban of cryptocurrency products.
July 11, 2019
A Scandinavian Scandal: Another Nordic banking boss goes out the window
Swedbank has become the second Scandinavian bank to oust its CEO over an ongoing money laundering scandal.
July 10, 2019