Provident Financial Expecting Wipeout of Stock Market Value of £1.7 Billion

Provident Financial which is a British sub-prime lender has plunged into severe crisis after a series of setbacks. The FTSE Company that provides loans to cash-strapped people has issued its second profit warning in two months. The company anticipates recording

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Enigma Falls Prey to Hacking and $500K In Ethereum Stolen

Enigma which is a popular cryptocurrency investing platform suffered from online hacking on August 21, 2017. The platform was severely compromised and approximately $500,000 of its virtual currency Ethereum was stolen. The hacking took place as the marketplace was planning

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China’s New Regulation Restricts Property Investments Overseas

The country of China has recently rolled out new regulations restricting property investments overseas as it continues its campaign of stemming outward capital flow. This measure is a part of the new policy that consists of different types of restrictions

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Japanese Market Witnesses Robust Q2 GDP Results

The Japanese market has shown good results in the Q2 gross domestic product (GDP) performance. Such strong performance has put the entire nation at top of the growth charts that comprises of Group of Seven (G-7) economies. During the second

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Suspected Shell Companies of India Have Been Initiated Action by SEBI

The securities regulator of Indian Securities and Exchange Board of India (SEBI) has asked the stock exchanges of the country to start action against 331 listed units that are suspected to be shell companies. The circular of SEBI has also

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Financial Institutions Looking for EU Access to Amsterdam

The Netherlands’ capital Amsterdam is emerging as one of the European cities likely to take advantage from the Brexit-triggered hunt for a new base in order to serve the European Union market. Frankfurt and Paris are two other options for

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Indian Banking Industry under Alarming Situation due to High NPA

The condition of the Indian banking industry is getting from bad to worse with the passage of time. The main reason behind this downfall is the continued growth of bad loans. As per the latest data released by Care Ratings,

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SEC Indicates Digital Coin Offerings to Different Securities Law

The SEC or United States Securities and Exchange Commission has determined that the security regulations of the nation would be applicable for ICO or Initial Coin Offerings which is a form of new digital coins issuance. In a statement, the

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New Rules Proposed by FCA for Aiding Saudi Aramco Listing on LSE

The Financial Conduct Authority (FCA) which is a UK based regulatory body has proposed a new set of rules this week. It will enable the sovereign state owned companies like oil giant Saudi Aramco for getting listed on London Stock

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Westpac and ANZ Conduct Successful Blockchain Trail with IBM

Two reputed Australian Banks Westpac and ANZ have recently announced they have successfully concluded a crucial trial in collaboration with technology firm IBM. In this trial, blockchain technology was used for the purpose of digitalization of bank guarantee process in

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