Bitcoin is breaking all-time highs almost every week now, and the new future may see bitcoin at $10,000, some say even by the end of this week. The factors underlying this jump in price may be several. As bitcoin is still considered a "bubble", with every "re-branding" of the currency, and each upcoming split, the…
Read more
Chubb Limited (NYSE: CB) today announced that it has entered into a strategic cooperation agreement with PICC Property & Casualty Company of China that will leverage Chubb's global capabilities in support of PICC's customers and other Chinese-affiliated companies around the world in line with the Chinese government's drive to promote the country's "Going Out" and…
Read more
Shares of Global Brokerage Inc (NASDAQ:GLBR) continued their slide into oblivion late last week, with GLBR down another 30% on Friday after US trading continued following the one day Thanksgiving break. After initially barely reacting following the announced plans of the company two weeks ago to reorganize under Chapter 11, Global Brokerage – which owns 50% of…
Read more
PNC Bank today announced the entry into a definitive agreement to acquire The Trout Group, LLC, the premier investor relations and strategic advisory firm servicing the healthcare industry, with more than 80 clients in the life sciences, biotechnology, pharmaceutical and medical device sectors. Among its more than 30 professionals, Trout holds key relationships with global…
Read more
Securities Commission Malaysia (SC) informed that it has obtained from the High Court a judgment against three defendants for insider trading involving the shares of Axis Incorporation Bhd (Axis). Koh Tee Jin, a former director of Axis, was declared to have breached section 188 (3)(a) of the Capital Markets and Services Act 2007 (CMSA) when…
Read more
BNP Paribas Asset Management (BNPP AM) announces the appointment of Philip Dawes as Head of Institutional Sales for the UK & Ireland. He joined on 20 November and is based in London, reporting to Charles Janssen, Head of Institutional Sales for Europe. In this newly-created role, Philip Dawes will be responsible for developing BNPP AM…
Read more
ETHLend and Brickblock have just announced a strategic partnership to explore the possibilities of lending with Blockchain technology. A primary focus will be on the tokenization of assets to simplify lending and bring secure real-world assets into the lending procedure as collateral. ETHLend is a decentralized peer-to-peer lending application that runs on the Ethereum blockchain…
Read more
Former Healthzone Limited director, Mr Peter David Roach, was sentenced on Friday 24 November in the Sydney District Court to 4 years and 3 months imprisonment for fraud and related offences, ASIC announced earlier today. The sentencing comes after Mr Roach was found guilty on 12 October 2017 of conspiracy to dishonestly obtain a $1…
Read more
Extending the FX OMS service to a wider group of FX banks Barracuda FX, the specialist provider of FX Order Management technology, today announced the launch of its new product OMS Cloud. OMS Cloud makes Barracuda's OMS technology available on the cloud, enabling all sizes of banks to use the market service. Barracuda developed the…
Read more
The Financial Markets Authority (FMA) has just published its first statistical report on peer-to-peer lending and crowdfunding in New Zealand. The data shows $259.9 million is currently loaned to individuals and $29.5 million loaned to businesses through peer-to-peer lending in the year ending 30 June 2017. A total of $74.2 million was raised from investors…
Read more