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Started by JoelDalais on 21/12/2015 Motto: Banking or related news articles


Wells Fargo sued for suspending Bitfinex wire transfers

From JoelDalais on 08.04.2017 at 19:23

"The parent company of the Hong Kong-based bitcoin exchange, Bitfinex, recently filed a lawsuit against Wells Fargo & Company and Wells Fargo Bank. “This is an action for intentional interference with contractual relations and injunction relief arising from Wells Fargo's interference with plaintiffs' customer contracts,” states the court document." ~ https://bravenewcoin.com/news/wells-fargo-sued-for-suspending-bitfinex-wire-transfers/

Developers Clash Over Accusations of “Exploit” and Secret Core Organization

From JoelDalais on 08.04.2017 at 19:21

"The politicking and plotting within the Bitcoin community is on par with a William Gibson Novel. It is a mix of corporations, hackers, and dissidents acting out a science fiction, cypherpunk drama. This the latest in a never-ending debate started with the revelation of an exploit or an optimization tool (depending on who you ask)." ~ https://news.bitcoin.com/developers-clash-exploit-secret-core-organization/

Heathrow owner halts future UK investment over Brexit

From MIROW on 06.04.2017 at 12:38

The owner of Heathrow airport has said that uncertainty over the UK's exit from the EU has put a halt on future UK investment deals.

Ferrovial chairman Rafael del Pino said he saw "no opportunities" in the UK.


Co-operative Bank shares "worthless" to Co-op Group

From MIROW on 06.04.2017 at 08:34

The Co-op Group declared that its stake in Co-operative Bank is worth nothing!

They reduced the value of their 20% stake in Co-operative Bank from £185m to zero, reflecting the bank's continuing problems.


McCarthy & Stone blames Brexit for tumbling profits

From MIROW on 05.04.2017 at 10:28

Retirement home builder McCarthy & Stone is blaming the EU referendum for a 25% slump in interim profits. http://www.bbc.co.uk/news/business-39500525

Bank of England worried about personal lending since Brexit vote

From MIROW on 04.04.2017 at 12:50

The rapid rise in consumer borrowing since the Referendum is a potential threat to the stability of the UK's financial system.


Lloyds, Halifax and Bank of Scotland to shrink hundreds of branches in size

From MIROW on 03.04.2017 at 09:37


All Bitfinex clients to share 36% loss of assets following exchange hack

From JoelDalais on 01.04.2017 at 14:08

"Cryptocurrency platform to issue compensation for £55m bitcoins theft in form of credit tokens" ~ https://www.theguardian.com/technology/2016/aug/07/bitfinex-exchange-customers-receive-36-percent-loss-tokens

JoelDalais wrote on 01.04.2017 at 14:09

This article is also from last summer. I just read them both earlier, I knew about the hack, but not the way it was 'resolved', and posted the article below for some context.

dnair28 wrote on 02.04.2017 at 02:37

That's just great - compensate unhappy customers with ownership of the company they are unhappy with!

JoelDalais wrote on 02.04.2017 at 19:18

Don't think there was any ownership given, clients don't take any dividends or similar, just took part of the loss.

A bit like how Cyprus/Greece (was it Greece also, or just Cyprus?) 'shared' its debt with its people by taking chunks out of their bank accounts.

BitGo has declared that its systems were not breached, and its software functioned correctly during the Bitfinex hack.

From JoelDalais on 01.04.2017 at 14:05

"BitGo has declared that its systems were not breached, and its software functioned correctly during the Bitfinex hack." ~ https://www.cryptocoinsnews.com/bitgo-claims-software-not-fault-bitfinex-hack/

JoelDalais wrote on 01.04.2017 at 14:06

Please note, this article is from July/August 2016.

Economists have warned of worrying signs as the household savings ratio fell to a record low.

From MIROW on 01.04.2017 at 10:36

While the Government try and talk up the fact that the Office for National Statistics (ONS) confirmed the UK economy grew by 0.7% in the final quarter of 2016. Economists say that was funded by households dipping deeper into savings and running up debt.


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