Archives
Xero to offer P2P invoice FX through hook up to Midpoint
July 6th, 2015
Midpoint Holdings Ltd. (“Midpoint”) (TSXV: MPT) (FSE:8MH), the world’s first authentic peer-to-peer (‘P2P’) international foreign currency and payments platform is partnering with accounting software firm Xero to provide its international payments platform to their customer base. Xero is a ...
CySec imposed Administrative fine to a Cyprus Investment Firm and its Director
July 6th, 2015
CySec has issued an announcement to inform that: At the meeting held on the 11 November 2013, decided to impose the total administrative fine of €100.000 to CIF CommexFX Ltd (‘’the Company’) for violating: 1. Section 28(1) of the ...
FMA settlement with Hanover defendants provides $18 million compensation for investors
July 6th, 2015
The Financial Markets Authority (FMA) has reached a settlement of its civil proceedings against the former directors of Hanover Finance Ltd (HFL), Hanover Capital Ltd (HCL), United Finance Ltd (UFL), together known as the Hanover finance companies, and the ...
ECB to keep tight funding grip on Greek banks after ‘no’ – sources
July 6th, 2015
The European Central Bank (ECB) is likely to maintain emergency funding for Greek banks at its current restricted level, people familiar with the matter said on Sunday, a move that will see lenders run out of cash soon. There ...
Saudi banks unruffled by Greece-euro crisis
July 6th, 2015
Saudi Arabia‘s banking system remains largely insulated from the ongoing events in the euro zone, with high levels of liquidity and solid capitalization ratios, say top economists in the Kingdom. Their reaction came as early results from the referendum ...
Decline in UK law firm merger activity
July 6th, 2015
UK law firms are now merging for growth instead of financial necessity, according to research evidencing a decline in the number of mergers last year. Law firm merger activity in the UK declined by 11 per cent last year. ...
Trillion-Dollar Stock Managers See Chaos on Greek ‘No’ Vote
July 6th, 2015
It shouldn’t have gotten this far. That’s the view of equity managers overseeing more than $3.7 trillion, who say the game of chicken between Greek Prime Minister Alexis Tsipras and creditors threatens lasting damage to a European stock rally ...
Barclays announces its intention to appoint KPMG as its auditor
July 6th, 2015
Barclays PLC and Barclays Bank PLC (Barclays) announces its intention to appoint KPMG as its auditor for the year ending 31 December 2017. This follows a competitive tender process overseen by an Audit Tender Oversight Sub-committee of the Barclays’ ...
ICAP Electronic Markets Volumes – June 2015
July 6th, 2015
ICAP announces Electronic Market Volumes for June 2015 Source: ICAP
Company Shares of FXCM Inc. Drops by -4.24%
July 6th, 2015
FXCM Inc. (NYSE:FXCM) has lost 8.23% during the past week and dropped 8.81% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 7.14%. FXCM ...
