Goldman Sachs to Relocate Its Office Due to Brexit

A number of different global financial companies, leading financial corporations and asset managers are not pleased with Brexit. These firms have an important presence throughout London which is considered as the leading financial hub. Britain is looking forward to cutting

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Russia Introduces Its Own Cryptocurrency Namely CryptoRuble

Russia is one of the very few countries that have not maintained a friendly stance with cryptocurrency. Russia’s President Vladimir Putin has banned the usage of cryptocurrency in Russia. So it surprised everyone that Russia is planning to introduce its

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National Banks in India Still Suffer From Struggling Economy

The Indian economy was flourishing after BJP government came into power and Narendra Modi was felicitated as the country’s new Prime Minister. Millions of the countrymen expect the new PM to take India to the next level. Narendra Modi surprised

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Standard Chartered Investigated on $1.4 Billion Cash Transfer

The Monetary Authority of Singapore (MAS) and Financial Services Commission of Guernsey are looking into the case of US$ 1.4 billion transfer of Standard Chartered PLC. The transfer took place in late 2015 from a private banking client before new

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US Customers Charged with Higher Fees for ATM Transactions

Bankrate.com has come up with a new report where it states that the banks in the United States have increased the transaction fees in ATM (Automated Teller Machine) for the last 11 successive years for customers who are using out

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HSBC Slapped with $175m Fine for Risky FX Trade Practices

Recently the HSBC Bank was imposed with a fine worth $175 million in terms of financial penalties for not following the Forex trading rules and regulations. The bank has deliberately violated the rules of Financial Conduct Authority (FCA) of UK.

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Banks in the UK to Test New Global Measures for Preventing Cyber Attacks

In an interview conducted last week, the Deputy Governor of Bank of England, Sam Woods, said that all UK-based banks would become the first banks in the entire world to be subjected to several tests for combating cyber attacks. In

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UK Employment Rights Lawsuit Make UBER Lose London License

The multibillion-dollar car booking company called UBER lost its license to operate its cars in London after the UK tribunal court ruled in favour of 2 drivers that had filed a case against UBER and Transport for London decided to

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China Not Happy with Credit Rating Downgrade by S&P

On 21st of September 2017, the popular global rating firm Standard & Poor’s (S&P) has downgraded the sovereign rating of China for the first time since 1999. It has been done because of the growing debt and increasing financial risk.

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JPMorgan Bitcoin Trading Continues Despite of Fraud Warning by CEO

Last week, the Chief Executive of JPMorgan, Jamie Dimon had launched an attack on the Bitcoin cryptocurrency. He labelled it as fraud and compared with tulip bulb scandal that had taken place back in the 17th century. His oral criticism

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