Photo and video footage on social media showed cars and people lining up outside ATMs in various locations, such as Dublin and Lisduggan, among others, to scoop some “free” cash. Images of police guarding various pay points also did the rounds. Reportedly, the bank’s online app experienced a glitch that let customers transfer non-existent funds…
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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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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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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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This caution emphasises that the FCA has not authorised or registered the listed entities and, in conducting business with or through them, customers may be at financial risk. On its website, the FCA reminds businesses and consumers alike that operating without this regulatory body’s consent is unlawful in the UK. The organisation also draws attention…
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Analysts from Bank of America predict that the Bank of England will hike interest rates again in September due to the Monetary Policy Committee’s (MPC) June 2023 vote, which set new policy to meet the 2% inflation target by the end of 2023: a target which hopes to curb unemployment and economic decline. Don’t miss…
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Experts predict this niche will be worth trillions in years to come. As such, the market attracts more and more investors, and most think tech giants are the answer to getting one’s hands on a slice of the AI share pie. Although it is true that exchange-traded funds (ETFs) focusing on stocks such as Microsoft…
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This draft proposal puts forth ways to honour customer claims as of the official FTX bankruptcy date. Court documents indicate the plan suggests the sale of assets attached to different aspects of the business to affect repayments. Restarting an offshore exchange is also not off the table. The draft references three recovery pools for creditor…
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On his website, Heart, also known as Richard Scheuler, proclaims himself as a kind of modern-age guru, with his products holding the answer to all political, economic, and social issues. He stated that: “I receive sincere thanks from multiple people every day for changing their life meaningfully. I’ve gotten thousands of people to stop gambling,…
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The company operates forex and contracts for differences (CFDs) broker BDSwiss and holds a Cyprus Investment Firm (CIF) license granted by CySEC. The regulator detailed that in 2021, BDSwiss allowed offshore companies associated with it to promote its CIF status, enticing clients with investment services in CFDs without the requiring customers to pay an initial…
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