Cyprus Records Surge in Deposits and Loans in June 2023
Deposits in the Cypriot banking system witnessed a notable surge in June 2023, reaching a total of €52.3 billion, marking the second...
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Flexi Group
Jul 31, 20232 min read
UK Banks Overhaul Account Closure Procedures Amidst Backlash Over Nigel Farage's Account
In response to the controversy surrounding the closure of Nigel Farage's account with NatWest's private bank Coutts, top UK banks have...
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Flexi Group
Jul 31, 20232 min read
SEC's Request to Coinbase Signals Regulatory Push in Cryptocurrency Market
Coinbase, one of the leading cryptocurrency exchanges, received a request from the US Securities and Exchange Commission (SEC) to suspend...
507 views0 comments
Flexi Group
Jul 28, 20231 min read
American Express Pays $15 Million Penalty for Oversight Failings: Treasury Department
American Express National Bank has agreed to a $15 million penalty imposed by the Office of the Comptroller of the Currency (OCC) under...
1,338 views0 comments
Flexi Group
Jul 28, 20232 min read
Top-Performing Funds in H1 2023: Technology Sector Leads with 24.83% Growth
FE fundinfo has released a list of the best-performing funds and sectors for the first half of 2023, providing valuable insights into the...
1,181 views0 comments
Flexi Group
Jul 27, 20232 min read
Fed Resumes Aggressive Tightening: Raises Benchmark Interest Rate to Highest Level in 22 Years
The Federal Reserve has taken significant action, raising its benchmark interest rate by a quarter of a percentage point, reaching the...
1,018 views0 comments
Flexi Group
Jul 27, 20232 min read
LPL Financial Fined $3 Million by FINRA for Supervision Failures and Customer Fund Misuse
LPL Financial, considered the largest independent broker-dealer in the United States, has reached a settlement with the Financial...
724 views0 comments
Flexi Group
Jul 26, 20233 min read
Federal Reserve Set to Raise Interest Rates Amid Economic Growth and Inflation Uncertainties
The Federal Reserve is gearing up to raise interest rates by a quarter-percentage point on Wednesday, reaching the highest rate in 22...
592 views0 comments
Flexi Group
Jul 26, 20232 min read
Ripple's XRP Emerges Victorious, Fueling Altcoin Market Surge and Crypto Regulatory Clarity
In an unexpected turn of events, XRP, the digital asset issued by Ripple Labs, has emerged as a white knight for the cryptocurrency...
873 views0 comments
Flexi Group
Jul 25, 20232 min read
US Lawmakers Criticize OECD's Plans for Global Minimum Corporate Tax Rate and Taxing Rights
US lawmakers have voiced criticism against the OECD's proposals for a minimum corporate tax rate and new taxing rights as part of the...
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Flexi Group
Jul 25, 20231 min read
Fears Rise Over UK Government's Bank Account Closure Rules Impact on Anti-Financial Crime Efforts
The proposed changes by the British Treasury come in wake of the Nigel Farage affair which saw NatWest apologies to the politician for...
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Flexi Group
Jul 24, 20232 min read
Fitch Ratings: Cypriot Banks' Asset Quality to Remain Stable in 2023
According to Fitch Ratings, the stable quality of Cypriot banks' assets in the second half of 2023 will be supported by positive...
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Flexi Group
Jul 21, 20232 min read
Betfred Fined £3.25M for AML and Social Responsibility Failures by UK Gambling Commission
British gambling operator Betfred, also known as Done Bros (Cash Betting) Limited, has been hit with a hefty fine of £3.25 million by the...
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Flexi Group
Jul 21, 20233 min read
Federal Reserve Imposes $186 Million Fine on Deutsche Bank for AML Failures
In a significant development, the Federal Reserve announced on Wednesday that it has fined Deutsche Bank (DB) and its US affiliates a...
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Flexi Group
Jul 20, 20232 min read
Australian Regulator Cancels License of FTX's Local Arm Amid Cryptocurrency Exchange Collapse
In a significant move, the Australian Securities & Investments Commission (ASIC) has announced the cancellation of the license held by...
1,965 views0 comments
Flexi Group
Jul 20, 20232 min read
Cypriot Economy Shows Resilience and Positive Indicators, according to Finance Minister
Cypriot Finance Minister Makis Keravnos has reassured the public that the country's economy is on a solid path, despite concerns raised...
1,682 views0 comments
Flexi Group
Jul 19, 20232 min read
Moneyval Report Highlights the Need for Improved Sanction Implementation and Supervision in Romania
Romania's banks and financial services sector need to enhance their ability to impose sanctions, according to a money laundering report...
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Flexi Group
Jul 19, 20232 min read
Federal Judge's Ruling on XRP Token Raises Questions About Crypto Regulation
A recent ruling by a federal judge has added a new layer of complexity to the ongoing debate surrounding the regulation of digital...
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Flexi Group
Jul 18, 20232 min read
US Officials Warned Exxon Mobil about Doing Business with Suspected Criminals in Guyana's Oil Sector
US government officials repeatedly warned Exxon Mobil against conducting business with two Guyanese businessmen, Nazar Mohamed and his...
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Flexi Group
Jul 18, 20232 min read
Companies Face Heightened Risks in Self-Disclosing Sanctions Violations, Experts Warn
When Deputy Attorney General Lisa Monaco likened sanctions enforcement to the Foreign Corrupt Practices Act (FCPA), it signaled a...
593 views0 comments
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