Regs call SVB's collapse a "textbook case of mismanagement"
When examining the causes of Silicon Valley Bank's (SVB) and Signature Bank's collapses before lawmakers on Tuesday, banking regulators...
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Flexi Group
- 19 hours ago
- 3 min
Amidst the global economic recovery, Premier Li Qiang presents China as the centre of growth
Chinese Premier Li Qiang promised new measures to re-connect the country's recovering economy with the rest of the world on Thursday...
286 views0 comments
Flexi Group
- 2 days ago
- 2 min
According to Russia, all oil exports impacted by the Western blockade have been diverted.
Despite a fall in oil and gas production this year, Russia has effectively rerouted all of its crude oil shipments that were impacted by...
322 views0 comments
Flexi Group
- 2 days ago
- 1 min
Yellen announces a global agreement with 20 countries to increase beneficial ownership disclosure
On Tuesday, US Treasury Secretary Janet Yellen launched a commitment between the US and more than 20 governments to establish a registry...
316 views0 comments
Flexi Group
- 2 days ago
- 3 min
Alibaba to divide the largest tech company in China into six units
The largest technology company in China, Alibaba Group Holding, will reorganize its expansive $257 billion empire as part of the largest...
363 views0 comments
Flexi Group
- 3 days ago
- 2 min
Ex-Binance chief compliance officer accused of helping CFTC rule violations
The Commodities Futures Trading Commission (CFTC) sued Binance and its founder with illegally running an exchange for digital assets....
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Flexi Group
- 3 days ago
- 3 min
SVB deal calms broader markets, although banks are still troubled by default stress.
Large portions of Silicon Valley Bank's deposits and loans found buyers on Monday, which helped stabilize the fragile markets that had...
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Flexi Group
- 3 days ago
- 4 min
Huawei is put on Belgian intelligence's watch list.
According to private documents obtained by the media and three people with knowledge of the situation, Belgium's intelligence service is...
624 views0 comments
Flexi Group
- 4 days ago
- 2 min
Fed explains Custodia Bank's exclusion from membership due to risk issues.
As part of the digital-first bank's application to join the Federal Reserve System, the Federal Reserve Board elaborated further on the...
411 views0 comments
Flexi Group
- 4 days ago
- 3 min
In an effort to cover mainland China's demand, crypto groups are expanding in Hong Kong
Companies that deal in cryptocurrencies are swarming to Hong Kong in the hopes that the city's public drive to become a hub for digital...
363 views0 comments
Flexi Group
- 7 days ago
- 1 min
32Red and Platinum Gaming are fined £7M by the UK Gambling Commission
Britain's Gambling Commission today penalised 32Red and Platinum Gaming with a €7.1M penalties for AML and other failures. The Commission...
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Flexi Group
- 7 days ago
- 1 min
Due to Ireland's non-membership in EPPO, EU crime gangs may relocate their operations there
A prominent MEP has cautioned that Ireland's exclusion from the European Public Prosecutors Office leaves it open to organized crime....
1,174 views0 comments
Flexi Group
- Mar 23
- 2 min
In a testimony before Congress, TikTok's CEO will boast data security initiatives.
The testimony of Chief Executive Shou Zi Chew before the House Committee on Energy and Commerce on Thursday may determine the future of...
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Flexi Group
- Mar 23
- 3 min
US bondholders plan to sue Switzerland for $17 billion Credit Suisse's loss
As part of the bank's shotgun marriage with UBS, the Swiss government decided to write down $17 billion in Credit Suisse bonds....
380 views0 comments
Flexi Group
- Mar 22
- 1 min
EU's top prosecutor requests the creation of a specialized fincrime investigating team
Laura Kovesi, the top prosecutor in Europe, has proposed the formation of a select group of highly qualified financial crime and fraud...
488 views0 comments
Flexi Group
- Mar 22
- 2 min
Yellen claims that regulators may cover the deposits of other failing banks.
Treasury Secretary Janet Yellen stated on Tuesday that federal regulators are willing to provide mid-sized banks struggling to deal with...
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Flexi Group
- Mar 21
- 2 min
With UBS's acquisition of Credit Suisse, thousands of jobs are at stake.
Tens of thousands of jobs are anticipated to be lost as a result of UBS's rescue of Credit Suisse, and the tumultuous takeover is already...
656 views0 comments
Flexi Group
- Mar 20
- 3 min
Amgen lawsuit and Amazon hearing
More facts of the European Commission's state assistance investigation against Amazon have emerged, while Amgen is being sued by a...
337 views0 comments
Flexi Group
- Mar 20
- 1 min
Dubai and Gibraltar added to the EU's list of high risk third countries
The list of high risk third countries that the EU has designated now includes Dubai and Gibraltar. The official designations were...
466 views0 comments
Flexi Group
- Mar 20
- 2 min
After a $17 billion writedown on Credit Suisse bonds, Asian bank debt and equities decline.
Following the wipeout of $17 billion in Credit Suisse bonds in a takeover by UBS on Monday, which raised concerns about comparable debt...
494 views0 comments
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