Mayur Kamat, the Global Head of Product at Binance, has tendered his resignation amidst a series of executive departures and staff reductions at the cryptocurrency exchange, according to a statement provided to Reuters by a company spokesperson on Monday. Mayur Kamat departure comes in the wake of a recent exodus of top executives from Binance, …
Binance global head of product Mayur Kamat resigns Read More »
The Commodity Futures Trading Commission (CFTC) has taken legal action against Murtuza Kazmi and his entitiescollectively known as “My Forex Funds,” over allegations of fraudulent solicitation of customers in leveraged retail foreign exchange (retail forex)and leveraged retail commodity transactions. The CFTC filed a complaint in the U.S. District Court for the District of New Jersey …
CFTC SUES ALLEGED ‘BUCKET SHOP’ MY FOREX FUNDS AFTER $310 MILLION PROP TRADING FRAUD Read More »
A historic regulatory settlement of $3.7 billion has set the stage for shareholder litigation targeting Wells Fargo. In December of the previous year, Wells Fargo consented to pay $1.7 billion as a civil penalty and $2 billion for customer restitution to the U.S. Consumer Financial Protection Bureau (CFPB). This monumental settlement the largest ever for …
Wells Fargo, a juicy target, sparks lead counsel fight among shareholder firms Read More »
Britain’s Lloyds Banking Group (LLOY.L) is in talks with the Barclay family and U.S. private equity firm Carlyle (CG.O) over Very Group, an online retailer and financial services provider the Financial Times reported on Friday. The British lender holds a guarantee in the overseas holding companies controlling Very Group that linked to the distressed debt …
Switzerland’s takeover board has ruled that a partial offer for up to 28 million shares of GAM Holding (GAMH.S) by an investor group comprising NewGAMe SA and Bruellan SA is in line with Swiss takeover rulesNewGAMe said on Thursday. The board’s ruling however is subject to the conditions that NewGAMe supplemented its prospectus with additional …
Swiss takeover board rules NewGAMe’s partial offer for GAM shares complies with rules Read More »
During a hearing related to the U.S. Virgin Islands’ lawsuit against JPMorgan Chasea lawyer representing the territory revealed on Thursday that the bank had informed U.S. authorities of processing over $1 billion in transactions for Jeffrey Epstein over a span of 16 years. The attorney representing the U.S. Virgin Islands Mimi Liu, the attorney representing …
JPMorgan processed more than $1 billion for Epstein, US Virgin Islands says Read More »
Fed A segment of Goldman Sachs’ transaction banking business (TxB) has decided to halt onboarding riskier financial technology clients following a cautionary note from the U.S. Federal Reserve regarding concerns over risk and compliance earlier this year, as reported by the Financial Times on Thursday. According to sources familiar with the matter, the Federal Reserve …
Fed warned Goldman’s fintech unit on risk, compliance oversight, Financial Times reports Read More »
Everyone agrees that trading forex is not that easy. It’s especially difficult when emotions and greed get in the way of thinking rationally. Many traders are already familiar with a method that facilitates trading and relieves nervous tension. How not lose your deposit and not give up your last money for the treatment of nerves …
The international forex market owes its enormous popularity to the fact that one can work there with just a computer and an Internet connection. Thus, trades can be placed from anywhere in the world where there is a global network. Moreover, entrance to the market does not require large investments, and modern technologies provided market …
The international forex market owes its enormous popularity to the fact that one can work there with just a computer and an Internet connection. Thus, trades can be placed from anywhere in the world where there is a global network. Moreover, entrance to the market does not require large investments, and modern technologies provided market …
