Binance brings in US Treasury cyber crime expert August 18, 2021 Binance has announced the appointment of former US Treasury criminal investigator Greg Monahan as the under-fire organisation's money laundering expert.
Wealthy City bankers ‘ditched the UK for the EU ahead of Brexit,’ survey finds August 18, 2021 Almost a hundred highly paid bankers left the UK ahead of its formal exit from the EU, the bloc’s banking watchdog said today, in a sign of how Brexit has impacted the Square Mile. The European Banking Authority (EBA) said in its annual survey of bankers earning more than €1m (£850,000) that the UK’s total [...]
Boris Johnson: UK deployment of troops to stop Taliban ‘not an option’ August 18, 2021 Boris Johnson has today declared that deploying tens of thousands of UK troops to stop the Taliban in Afghanistan is “not an option” and that there was “no appetite” among Nato partners to intervene further in the country. Johnson told MPs today that “the west could not continue this US-led mission – a mission conceived [...]
Afghanistan central bank governor: ‘I think the economic situation will deteriorate’ August 18, 2021 The governor of the Afghanistan central bank has warned that the country’s economy is likely to be plunged into despair after the Taliban took control of Kabul. Speaking to the BBC, Ajmal Ahmady said: “I think the economic situation will deteriorate. I would expect donor flows [of aid] to significantly decline over the next couple [...]
Binance hires former US treasury criminal investigator in compliance role August 18, 2021 Binance, the world’s largest cryptocurrency exchange by trade volume, has hired a former US treasury criminal investigator in a bid to placate regulators. The company today announced that Greg Monahan, who has more than 30 years of experience working in tax, money laundering and financial crime, has been appointed as Global Money Laundering Reporting Officer [...]
Mayor Khan pushes ahead with controversial Thames tunnel plans August 18, 2021 Mayor Sadiq Khan is pushing ahead with construction plans for the East End’s fourth and most controversial road river crossing. Construction of the £2bn Silvertown tunnel is well-underway and set for completion in 2025. The tolled road tunnel will span between the Royal Docks precinct and Greenwich peninsula, falling within the Ultra Low Emissions Zone [...]
Majority of employees opt for flexible working over a pay rise August 18, 2021 A new study has revealed that the vast majority of people would choose to work flexibly over an immediate pay rise and full-time return to the office. Nearly three quarters (72 per cent) of workers would prefer flexible working over going back to the office full time even if they were handed a 10 per [...]
Politico owner eyeing $1bn in deal with German publishing giant Axel Springer August 18, 2021 The owner of news site Politico is reportedly looking to rally as much as $1bn in a potential deal with the German publishing giant Axel Springer. The talks with Axel, led by its owner Robert Allbritton, have circled a potential investment or an outright sale, the New York Times first reported. The deal would gift [...]
FCA warns equity crowdfunding CEOs of consumers making ‘high-risk’ investments August 18, 2021 The Financial Conduct Authority (FCA) has written to the CEOs of equity crowdfunding platforms, to warn them that consumers are still making “inappropriate high-risk” investments despite the current marketing restrictions, as first reported in P2P Finance News. The FCA said crowdfunding firms should “promote investment opportunities appropriately so that consumers can understand the risks these [...]
Sturdy returns: World’s largest wealth fund swells by $111bn in just six months August 18, 2021 The world’s largest sovereign wealth fund has pulled in $111bn in the first six months of this year, some 0.28 per cent higher than the fund’s benchmark index. The $1.4 trillion Norwegian fund, Norges Bank Investment Management, posted a 9.4 per cent return on investments in its half-year financials, as the value of its equities [...]
