Search Results for: Ripple
Westpac VC invests in Bitcoin player Coinbase
July 8th, 2015
In a deal that will put Westpac Banking Corp in the box seat as cryptocurrencies develop, the bank’s venture capital fund, Reinventure Group, has invested in Coinbase, one of the world’s pre-eminent Bitcoin companies. In the first deal involving ...
Barclays Trials Bitcoin Tech With Pilot Program
June 23rd, 2015
Barclays has signed off on a proof-of-concept to trial bitcoin technology. Following an agreement with bitcoin exchange Safello, the UK bank says it will explore how blockchain technologies could bolster the financial services sector. Speaking to CoinDesk, Safello CEO ...
Swiss to Vote on Federal Inheritance Tax
June 9th, 2015
Opponents say the measure could cripple hundreds of Switzerland’s small and midsize companies Switzerland will vote this month on introducing a federal inheritance tax, a levy that opponents say could threaten the small and midsize companies that employ roughly ...
Varoufakis says Greece committed to reforms, rules out more austerity
May 26th, 2015
Greece is committed to liberalizing its economy, reforming its pension system and running a reasonable primary budget surplus, Finance Minister Yanis Varoufakis wrote on Tuesday. But it cannot meet requests from its creditors to adopt further austerity measures this ...
EBA explores digital interfaces and crypto-technologies
May 13th, 2015
The Euro Banking Association (EBA) has published two ‘hot topic’ reports on Digital Customer Service Interfaces (DCSI) and crypto-technologies at its EBA day payments conference today in Amsterdam, the Netherlands, with the intention of detailing the electronic payments landscape ...
Oil Sector May Not Cause Financial Apocalypse After All
May 7th, 2015
Across the oil patch, banks are starting to close off their exposure to some of the riskiest oil drillers. A new monthly survey from the Federal Reserve finds that banks that have issued loans to oil drillers are projecting some of ...
Accounting threshold shifts risk lasting damage to audit profession
April 29th, 2015
Earlier this month, on 6 April, a new EC directive quietly slipped into force. The less than snappily titled Companies, Partnership and Groups (Accounts and Reports) Regulations 2015 – the UK’s implementation of the EU Accounting Directive – passed onto the ...
Citibank Seen as Target for Plea in U.S. Currency Case
April 3rd, 2015
The U.S. Department of Justice is pressing for Citigroup Inc.’s main banking subsidiary to plead guilty to a felony tied to the rigging of foreign-exchange markets, according to two people briefed on the matter. Citigroup has countered with an ...
Iran Moves Closer to Restoring Oil Exports on Nuclear Accord
April 3rd, 2015
Iran’s accord with world powers brings the OPEC member a step closer to restoring oil production that was cut by sanctions while leaving unresolved when it will happen. The preliminary agreement outlined Thursday signals the Persian Gulf nation may ...
Bitcoins – Money Without Physical Form
March 20th, 2015
Bitcoins and other virtual currencies have grown into a global phenomenon. Some see the beginning of a new era, others see the potential for a major crash. In just five years, the new bitcoin currency has grown from a ...
