EU Commission Gives UK Clearing Houses 12 Month Extension
London has long been a major financial center. For years, this was to the advantage of various clearinghouses that participated in the trading industry since it was the prime spot for trading between the US, the EU, and the rest
Read MoreFacebook Shifts Focus From Libra To New Payment Service
Facebook has been making news in the financial world for its controversial Libra Project. Central banks around the world are up in arms over the possibility that Facebook could launch its own digital currency and change the global financial landscape.
Read MoreApple Card Gets In Trouble Over “Sexist Credit Limits”
Earlier this year, Apple Inc. decided to branch out into finance and launch its Apple Card. Apple has a very committed set of customers throughout the world who are ever ready to try out anything new that Apple releases. The new
Read MoreAlipay Launches International E-Wallet For Foreigners In China
Foreigners who have visited China in the past have found it difficult to carry out online purchases because they did not have a Chinese bank account or a local mobile number. That is about to change because Alipay is now
Read MoreSaudi Aramco Confirms Billion Dollar IPO Will Start On November 3
Saudi Aramco which is responsible for ten percent of the world’s oil supply, has long been planning an initial public offering (IPO) for a number of years. Experts say that this IPO will be the largest in history. Saudi Aramco
Read MoreQuickQuid Collapses In The UK After Mass Of Complaints
The payday lending market in the United Kingdom has seen its fair share of controversies in recent times. The latest to rock the market comes from QuickQuid who is set to close operations after many of its customers claimed that
Read MoreWoodford Investment Trust Taken Over By Schroders
There is finally some good news for the investors that put money into the Woodford Patient Capital Trust (WPCT). The fund which has been in the news the past few months for all the wrong reasons has now been taken
Read MoreCBR Looking At FX Trading Loopholes By Payment Providers
The Bank of Russia continues its crusade against forex trading and is now taking a shot at payment providers. The central bank has identified 140 companies that it says illegally offer forex trading to Russian consumers. This continues the war
Read MoreGrant Thornton To Recover EuroFX Investors Money
Investors around the world are always on the lookout for investment opportunities that pay out high returns in the shortest amount of time. There are hundreds of financial institutions, forex brokers and crypto companies that claim their ‘special fund’ can
Read MoreWoodford Equity Income Fund To Relaunch With New Name
Neil Woodford went from being one of the most enviable men in the UK to one of the most hated. He used to have a reputation of being the UK’s best fund manager but things went downhill and now his
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