In another blow to the German automaker Volkswagen’s efforts to move on from the emission scandal, a South Korean court on Friday issued the first warrant for the arrest of a Volkswagen AG executive in connection with its cheating of… Read More ›
Economy & Finance
Leveraged Loan market reels under Brexit in EU
Investors and bankers have warned that financial markets will be volatile in the near future, including the loan market, as countries within the Eurozone digests the consequences of Brexit. With British voters choosing to leave the European Union, loan markets… Read More ›
Morgan Stanley denies BBC report of moving out staff
The BBC has reported that key staffs for Morgan Stanley’s investment banking is being moved from Britain’s financial hub to locations either in Dublin or Frankfurt. Morgan Stanley has rejected media reports that it has begun moving 2,000 investment banking… Read More ›
Brexit’s impact of Greece
Although officials from Greek’s central banks have said Brexit’s fallout on its economy will be limited, its stock markets have plunged by 28%. Greek’s central bank has notified that Britain’s decision to exit the European Union will have a limited… Read More ›
Brexit Fallout – SNB confirms intervention in forex market
Switzerland’s National Bank has confirmed that it has intervened in the sudden rise of the franc in the wake of Brexit. With Brexit voters choosing to leave the European Union, Switzerland’s central bank has given a rare confirmation that it… Read More ›
British markets plunge on the eve of referendum
London bankers have rarely witnessed the scale of the volatility that is sweeping through Britain’s financial markets. If British voters choose to remain within the EU, the market could perhaps reverse the losses, however if Brexit were to happen …… Read More ›
Toshiba Sued over its Accounting Scandal by Japan Government Pension Fund
A law suit that claims nearly $10 million in damages has been filed against Toshiba by Japan’s $1.3 trillion public pension fund. The damages have been claimed after the fund lost money following the accounting scandal that pushed down the… Read More ›
British car manufacturing industry could be severely affected in case of Brexit
If Brexit were to happen Jaguar Land Rover could face a $1.47 billion in taxes by 2020. According to two sources who are familiar with the matter at hand, Britain’s largest car manufacturer, Jaguar Land Rover, could face the brunt… Read More ›
Money Transfers Seem Like “Sending an iMessage” as Banks Try Ripple Blockchain
In a move that could make the process of using blockchain technology faster and cheaper, several global banks including Santander and UBS are conducting real-world trials using blockchain technology for international cross-border payments. Technology provided by U.S. start-up Ripple to test… Read More ›
Ex-Deutsche Bank Executive in Asia Sues Lender for $17 Million
The German firm Deutsche Bank AG is being sued for HK$135.3 million ($17 million) in a wrongful dismissal claim filed with Hong Kong’s labor tribunal by a former co-head of Asia corporate finance at the bank – Douglas Morton. According to… Read More ›
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