Fake announcement on London Stock Exchange triggers call to FBI
August 15, 2023 BY Elizabeth Anderson

Fake London Stock Exchange announcement triggers call to FBI

The questionable news snippet surfaced via EQS, a German-based outfit that reports on financial news. It alleged that Ripplewood, an established New York-based investment company, wanted to source ChatGPT technology to plot market trends and drive investment decisions. An extract from this news release read: “Through the use of artificial intelligence, investors should benefit from…

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PayPal names its new president and CEO
August 15, 2023 BY Elizabeth Anderson

PayPal names its new President and CEO

Taxed with leading the company into the future and managing its infrastructure of extensive global payments, the successful candidate had to have a wide experience of technology and leadership skills to drive growth across the entire PayPal scope. Chriss ticked all the key metric boxes and received unanimous backing from the board and CEO search…

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August 14, 2023 BY Elizabeth Anderson

U.K. families lose savings due to meagre GDP growth

Darren Morgan, Director of Economic Statistics at ONS, suggested that hot weather and an extra May bank holiday for the coronation of King Charles III helped to shake off further decline. Despite these factors, the cost-of-living crisis has been driven by the highest inflation in 4 decades, interest rate hikes on fixed-rate mortgages and a…

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August 14, 2023 BY Elizabeth Anderson

More legal setbacks for UBS after Credit Suisse takeover

The Swiss Association for the Protection of Investors (SASV – or Schweizerischer Ankegerschutzverein) represents retail investors. The SASV’s claim includes investors from the UK who took a substantial financial knock during the hurried takeover. SASV’s general secretary, Arik Röschke, stated: Credit Suisse has a strong presence in London, and many employees received shares as part…

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Bankman-Fried jailed ahead of his October trial
August 14, 2023 BY Elizabeth Anderson

Bankman-Fried jailed ahead of October trial

Cuffed while being escorted from the Manhattan court, the FTX founder will await his October trial behind bars instead of the Palo Alto mansion of his parents. The judge’s decision came after Bankman-Fried gave the New York Times private papers belonging to Caroline Ellison, his former girlfriend and CEO of Alameda Research, a hedge fund…

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Market commentary and analysis from Clifford Bennett
August 11, 2023 BY Elizabeth Anderson

Market analysis: is inflation now under control?

For the month, both headline and core inflation were steady at 0.2%. This is more encouraging, but again there are pipeline price pressures still in the system. With a potential inflation surge globally possible, a very real risk, given the volatility and recent gains in some energy and food markets of late. It is also…

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Bankman-Fried jailed ahead of his October trial
August 11, 2023 BY Elizabeth Anderson

Class action lawsuit filed against prominent VCs

This lawsuit details how the defendants, which include industry knowns such as Temasek, Sequoia Capital, and Sino Global, used their influence and financial standing to help launch FTX and enable the multibillion-dollar disaster that affected countless people. It also alleges that these VCs painted a false picture of FTX, based on supposed diligent vetting. Temasek…

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Robinhood app on mobile
August 11, 2023 BY Elizabeth Anderson

Robinhood defeats meme stock frenzy appeal

At the time, customers owning stocks such as AMC Entertainment, the previous Bed Bath & Beyond, and Gamestop, claim they lost money because Robinhood prohibited these stock buys as social media activities caused prices to skyrocket. Other stockholders claimed the restrictions caused price drops. Investors using online stages such as Twitter and Wall Street Bets…

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Coinbase steams ahead with blockchain launch
August 10, 2023 BY Elizabeth Anderson

Coinbase steams ahead with blockchain launch

Experts opine that, besides creating a profitable flow of revenue from applications associated with this initiative, Base will, in all likelihood, allow this prominent US crypto trader to stockpile fees from administering its own blockchain. When delving back into Coinbase’s history, this move seems to be a part of an overall plan. In 2016, Coinbase…

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DHF Capital Welcomes New CFO Ali Jaffari
August 10, 2023 BY Elizabeth Anderson

DHF Capital Welcomes New CFO Ali Jaffari

Ali will be reporting directly to Bas Kooijman, Chief Executive Officer (CEO) at DHF Capital S.A.  In his new role Ali will be a key strategic partner to the firm's executive team and will play a vital role in shaping the financial direction of the asset management firm while ensuring financial stability and long-term growth.…

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