Author: Kurt Grindstaff

Banks
Monetary Authority of Singapore Fines UBS $8 Million for Deceptive Trades
Monetary Authority of Singapore Fines UBS $8 Million for Deceptive Trades

Singapore’s central bank, the Monetary Authority of Singapore (MAS) announced today that it has fined UBS $8 million (S$ 11.2 million) for making deceptive bond trades. Advisors at the Swiss bank have been found to have mispriced the bonds and other structured products that they sold to clients. According to the statement released by MAS, […]

World News
eToro Develops Unique Investment Strategies Based on Positive Sentiments Given on Twitter
eToro Develops Unique Investment Strategies Based on Positive Sentiments Given on Twitter

In today’s world, Twitter is a very vital and influential media resource. Prominent social trading platform eToro has decided to take the positive sentiments received on Twitter to a different level altogether. Like other organizations, eToro is also now focusing on the activities happening in social media platforms. The platform is now implementing some unique […]

World News
weworksign
WeWork’s Revenue Doubles but Losses Mount Proportionally

WeWork has revolutionized the co-working space industry on its own, and now the SoftBank backed company has a presence in almost all major cities across the world. However, it must be noted that while it has grown and expanded at a breakneck pace, its revenues have risen considerably but at the same time, its losses […]

World News
gettyimages-1025461308-e1547069360870
Ride Hailing Company Lyft Targets to Raise $2.4 Billion in IPO

While Uber’s mega $120 billion Initial Public Offering (IPO) remains the talk of the financial world, rival ride-hailing company Lyft has charged ahead with its IPO plans and on Monday announced that they plan to raise $2.4 billion. Although ride-hailing companies have grown exponentially and become a routine presence in most cities, Lyft will be […]

Economy
Commerzbank and deutsch
Commerzbank and Deutsche Bank Go On Record About Mega Merger

Deutsche Bank has been in the doldrums for close to half a decade now and eventually the German government reportedly stepped in by suggesting a mega merger with rivals Commerzbank. Speculation had been rife over the past month or so that the banks were in talks about a merger but neither of the two banks […]

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