An inquiry into Australian banking system has concluded that a culture of greed is driving incidents of abuse and misconduct in Australia’s banks and financial institutions. Widespread wrongdoing in the banking industry has been exposed by a royal commission this… Read More ›
Day: September 28, 2018
Firms Selling Cryptocurrency Mining Equipment Wants To Go Public
Three top developers of cryptocurrency technology are reportedly in the hope of raising billions of dollars by selling shares and thereby offering investors a new method to bet on digital currencies. Cryptocurrencies are based on computer code in stark contrast… Read More ›
Britain’s Competition and Markets Authority to probe super complaint against consumers ‘rip off’
Britain’s Citizens Advice has lodged a super complaint against the country’s financial and telecom providers saying existing customers were being overcharged yearly to the tune of $5.2 billion. Following a complaint by Britain’s consumer body Citizens Advice that customers who… Read More ›
U.S. Securities and Exchange Commission files lawsuit against Tesla’s CEO
The highly unusual lawsuit is potentially aimed at gaining leverage so as to force Tesla Inc’s CEO Elon Musk to settle. According to Teresa Goody, CEO of law firm Goody Counsel, who is also a former SEC attorney, most such… Read More ›