Monthly Archives: June 2016
Israel Gov’t plan to change the aim of Tel Aviv Stock Exchange
June 30th, 2016
Minister of Finance Kahlon will present a plan to reinvigorate the ailing Tel Aviv Stock Exchange by changing its aim and its ownership structure. The reform of the Tel Aviv Stock Exchange has picked up pace. On Sunday, Minister of Finance ...
Global banks sink in AsiaPac first-half ECM rankings; fees down 33 percent
June 30th, 2016
Global banks tumbled in league table rankings for equity capital market (ECM) deals in Asia Pacific in the first half of 2016, as share offerings outside China that they typically rely on dried up, preliminary Thomson Reuters data showed. ...
Global law firm is expanding its practise and launch office in Egypt
June 30th, 2016
Global law firm White & Case LLP is launching an office in Cairo, Egypt, expanding its practice in the Middle East and North Africa. The new office is expected to be up-and-running by October. “The launch of our office ...
Citadel appoints Chief Technology Officer of hedge fund business
June 30th, 2016
Citadel announced the appointment of Steven Lieblich as Chief Technology Officer of Citadel’s hedge fund business. A 30-year veteran of Morgan Stanley, Steve has served in a series of senior technology roles, most recently as Morgan Stanley’s Chief Information ...
Is Bitcoin money?
June 30th, 2016
Is Bitcoin actually money? American Banker reports a Florida circuit court judge will rule on the question Friday (July 1) as part of a “first-of-its-kind money-laundering case.” The report says Michel Espinoza was arrested at a Miami Beach motel in February ...
Low cost accounting firms to be the next victim of Brexit?
June 30th, 2016
With the stability and growth in the UK economy over the last few years we have seen the rise of many low cost and automated offerings. At one end you have our largest firms offering cheap bookkeeping and automated accounts and ...
Who’s Happy After Brexit? Lawyers
June 30th, 2016
The happiest people in Britain today may well be the lawyers. Setting aside the symbolic meaning of the British vote to leave the European Union, practically speaking “Brexit” means tearing up hundreds of laws, rules and agreements governing everything ...
Citi Announces Sale of Prepaid Card Services to Wirecard
June 30th, 2016
Citigroup today announced that it has reached a definitive agreement to sell its institutional Prepaid Card Services to Wirecard AG. The operations of Prepaid Card Services, including its approximately 120 employees, will be transferred to Wirecard upon closing. Francesco ...
FINRA Fines Deutsche Bank Securities Inc. $6 Million
June 30th, 2016
The Financial Industry Regulatory Authority (FINRA) today announced it has fined Deutsche Bank Securities Inc. $6 million for failing to provide complete and accurate trade data in an automated format in a timely manner when requested by FINRA and ...
Global Shares, Pound Rally as Brexit Concerns Soften; Oil Soars
June 30th, 2016
S&P 500 jumps 1.7% as FTSE 100 rally erases post-Brexit loss Crude tops $49 a barrel as dollar slump boosts commodities Global stocks rallied for a second day, while the dollar weakened, amid speculation policy makers will move to ...
