Privatbank’s $1.9bn UK fraud claim returns for trial after Russia’s invasion of Ukraine delays case June 5, 2023 One of the UK’s largest High Court claims in history is set to return to court next week as the trial commences in Privatbank’s $1.9bn (£1.54bn) fraud lawsuit against its former owners. Ukrainian lender Privatbank is suing the bank’s founders Igor Kolomoisky and Gennadiy Bogolyubov over allegations they embezzled billions of dollars from the bank [...]
Binance hits back again! Exchange expresses disappointment over ‘unreasonable’ SEC June 5, 2023 Binance has fired a second volley at the Securities and Exchange Commission which issued legal papers to the exchange earlier today.
Tory MPs slam Labour over move to hire former Extinction Rebellion lawyer June 5, 2023 Conservative MPs have slammed the Labour Party over its decision to hire a former Extinction Rebellion lawyer as a senior political advisor.
SEC is hellbent on making headlines – not protecting investors, says Binance June 5, 2023 Binance has hit back at the SEC's lawsuit issued this evening, claiming the financial watchdog sees the giant exchange as 'an easy target'.
Binance slapped with lawsuit for ‘violating federal securities laws’ by SEC June 5, 2023 Binance is being sued by the US Securities and Exchange Commission for allegedly violating federal securities laws.
British Airways and Boots hit by cyber attack with UK staff bank details stolen June 5, 2023 British Airways and retailer Boots said their staff were amongst those hit by a cyber attack on Zellis, a payroll provider used by hundreds of companies in the UK. British Airways, owned by IAG said it had notified affected employees and was providing them with support. “We have been informed that we are one of [...]
FTSE 100 close: US recession jitters outweigh oil price surge on London index June 5, 2023 London’s FTSE 100 lost momentum in the afternoon session today after new data revealed the US economy is wilting under the weight of the Federal Reserve’s interest rate hikes. The capital’s premier index slipped 0.1 per cent to 7,600 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of [...]
Binance handed keys to France, Bahrain and UAE with ISO awards June 5, 2023 Binance has been awarded the coveted ISO 27001 and ISO 27701 certifications for France, Bahrain, and the UAE.
Watchdogs in focus as proposed shakeup of financial regulation returns to parliament June 5, 2023 The UK’s financial regulators will be in focus as lawmakers consider a range of proposals to boost the accountability of watchdogs. A range of amendments to the Financial Services and Markets Bill have been put forward, focusing on the scrutiny of regulators as the Bill returns to parliament this week. Regulatory scrutiny has been a [...]
Eurostar forced to suspend London-Amsterdam route June 5, 2023 Eurostar’s London to Amsterdam route will be suspended for at least a year due to engineering works in the Dutch capital, it has been confirmed today. A spokesperson for Eurostar said: “We have received confirmation from the Dutch government that Eurostar will not be able to run the Amsterdam route from June 2024 until April [...]
