With UBS's acquisition of Credit Suisse, thousands of jobs are at stake.
Tens of thousands of jobs are anticipated to be lost as a result of UBS's rescue of Credit Suisse, and the tumultuous takeover is already...
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Flexi Group
Mar 20, 20233 min read
Amgen lawsuit and Amazon hearing
More facts of the European Commission's state assistance investigation against Amazon have emerged, while Amgen is being sued by a...
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Flexi Group
Mar 20, 20231 min read
Dubai and Gibraltar added to the EU's list of high risk third countries
The list of high risk third countries that the EU has designated now includes Dubai and Gibraltar. The official designations were...
477 views0 comments
Flexi Group
Mar 20, 20232 min read
After a $17 billion writedown on Credit Suisse bonds, Asian bank debt and equities decline.
Following the wipeout of $17 billion in Credit Suisse bonds in a takeover by UBS on Monday, which raised concerns about comparable debt...
496 views0 comments
Flexi Group
Mar 17, 20232 min read
Ex-Wells Fargo executive fined $17M for participation in fraud involving fake accounts
The Office of the Comptroller of the Currency (OCC) imposed a $17 million fine on the former head of Wells Fargo's community bank for her...
1,253 views0 comments
Flexi Group
Mar 17, 20234 min read
ChipMixer laundromat was used by North Korean hackers and Russian military intelligence
North Korean hackers and Russian military agents were linked to the cryptocurrency "laundromat" taken down this week by US and European...
1,182 views0 comments
Flexi Group
Mar 16, 20235 min read
Four CySEC-licensed entities used SVB and Signature Bank for banking.
According to statements made by the commission on Wednesday, Silicon Valley Bank (SVB) and Signature Bank, two American banks that...
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Flexi Group
Mar 16, 20232 min read
Swiss Central bank to lend $54 billion to Credit Suisse to increase liquidity
When the lender's stock hit a new low on Thursday, Credit Suisse said that it would borrow up to $54 billion from the Swiss central bank...
352 views0 comments
Flexi Group
Mar 15, 20233 min read
FATF supports more PPPs and swifter responses to ransomware attacks to tackle money laundering
FATF member countries have been urged to respond to ransomware attacks more quickly and to form stronger international partnerships in...
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Flexi Group
Mar 15, 20231 min read
NatWest restricts cryptocurrency transactionsdue to scam concerns.
In an effort to shield customers from "crypto-criminals," Britain's NatWest has put new restrictions on the daily and monthly amounts...
286 views0 comments
Flexi Group
Mar 14, 20235 min read
Which businesses are impacted by the collapse of SVB?
SVB Financial Group (SIVB.O), a startup-focused lender, this week became the biggest bank to fail since the 2008 financial crisis,...
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Flexi Group
Mar 14, 20232 min read
Corsa Coal's FCPA case will not be prosecuted by the DOJ
Since introducing new guidelines on the benefits of voluntary self-disclosure to the agency, the Department of Justice (DOJ) has released...
329 views0 comments
Flexi Group
Mar 13, 20232 min read
FATF publishes "tougher" beneficial ownership criteria to tighten shell company dirty money carousel
FATF issued "tougher" worldwide beneficial ownership guidelines today to aid countries and financial institutions in preventing shell...
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Flexi Group
Mar 13, 20233 min read
US authorities protect Silicon Valley Bank deposits and support the financial system.
US regulators stated that Silicon Valley Bank depositors would be compensated in full as they sought to stabilize the banking system in...
333 views0 comments
Flexi Group
Mar 10, 20232 min read
In a new round of US Sanctions, OFAC targets Iran's "Shadow Banking" system.
On Thursday, the United States Government blacklisted entities in China and other countries for allegedly transferring billions of...
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Flexi Group
Mar 10, 20233 min read
The United Kingdom's push for GDPR reprimand transparency is met with mixed reviews
The UK's data protection authority has begun disclosing the cases of firms that violated the General Data Protection Regulation (GDPR)...
657 views0 comments
Flexi Group
Mar 9, 20233 min read
Executives fear that Russia's wild card will keep oil markets on edge
Energy markets are now balanced, according to executives and officials from some of the world's largest oil and gas corporations, but...
302 views0 comments
Flexi Group
Mar 9, 20232 min read
The cryptocurrency bank Silvergate will close due to market turmoil
Silvergate, a regional lender based in San Diego that converted itself into a go-to bank for the crypto sector, intends to cease...
320 views0 comments
Flexi Group
Mar 8, 20233 min read
How a Saudi prince lost a £250m palace
In 2016, when Saudi Prince Khaled bin Sultan al-Saud sought to acquire a private jet, his Swiss financial consultants compiled a list of...
506 views0 comments
Flexi Group
Mar 8, 20234 min read
Qatargate: A scandal with an Italian character
More than fifty years ago, the Sicilian author Leonardo Sciascia issued a metaphorically veiled warning to Italy that the palm trees in...
551 views0 comments
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