The German police on Wednesday have conducted country-wide raids, following a chance discovery last year that led detectives to a money-laundering network suspected of funneling millions in ill-gotten gains abroad. Over a thousand police officers and special forces were deployed …
British bank Virgin Money on Thursday has announced closing 31 branches and axing around 112 jobs across Scotland and the north of England “as it adapts to changing customer demand.” The company said that upon reviewing, 31 of their branches …
Cryptocurrency exchange Binance will face more scrutiny from the United States as officials extend investigations to include possible insider trading and market manipulation. Although Binance is not accused of any misconduct, investigators from the Commodity Futures Trading Commission (CFTC) have …
Beijing expressed that it wanted to split up Alipay, a popular app owned by Jack Ma’s Ant Group, and create a separate app for the company’s highly profitable loans business. The move is also part of a broader crackdown on …
The Bank of England (BoE) on Wednesday has appointed Goldman Sachs alumnus Huw Pill as Chief Economist and Executive Director for Monetary Analysis, replacing Andy Haldane who resigned this year. “Huw will make a major contribution to monetary policy – …
Norway’s $1.3 trillion wealth fund has decided to exclude two companies associated with the Israeli settlements in the West Bank, in a statement Wednesday. The Norges Bank has decided “to exclude the companies Shapir Engineering and Industry Ltd and Mivne …
Paypal-owned online payment processing platform Venmo announced that it has added cryptocurrencies support which would allow users to buy, sell and hold cryptocurrencies. Venmo users will get to choose between Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. Venmo users can also …
A Swiss banker has become a star witness to a U.S. criminal investigation into how Venezuelan kleptocrats stole billions in oil wealth from their country. While President Hugo Chávez was selecting his successor, Nicolás Maduro, Mattias Krull was working as …
A US Government official claimed that Myanmar’s Military Junta attempted to withdraw $1B from the New York Fed but was blocked by the US government. According to Reuter’s report on the unnamed official’s testimony, the junta attempted to withdraw the …
Online financial service Paypal has now announced that they will cease domestic payment services in India, in a statement Friday. Paypal said, “From 1 April 2021, we will focus all our attention on enabling more international sales for Indian businesses, …