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Australians lose more than $1m due to investment fraud in the second week of August

FinanceFeeds – Investment scams continue to prevail in statistics about fraudulent schemes targeting Australians, as suggested by the latest data provided earlier today by Scamwatch, the body run by the Australian Competition and Consumer Commission (ACCC). The numbers show that some $1.06 million were reported lost due to investment scams in the week from August 6th to August 12th….

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Mark Karpeles has 10 days to reply to MtGox US customers’ claims

FinanceFeeds – Judge Gary Feinerman of the Illinois Northern District Court has decided to grant a motion by ex-MtGox clients in the United States to dismiss their claims against Mizuho Bank which was accused of creating transaction difficulties for MtGox’s ex-customers. At the same time, the Judge has directed the Court to make Mark Karpeles, the notorious head of…

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ION announces despatch of compulsory acquisition notices to Fidessa shareholders

FinanceFeeds – ION Bidco, an indirect wholly owned subsidiary of ION Investment Group Limited, has earlier today provided an update on the proposed acquisition of Fidessa Group plc (LON:FDSA). In a document filed with the London Stock Exchange, ION Bidco announces the despatch today of formal compulsory acquisition notices under Sections 979 and 980 of the Act to Fidessa shareholders who…

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Shift to online services pushes MUFG Bank to reduce number of ATMs

FinanceFeeds – The growing digitalization of banking services is pushing MUFG Bank, a unit of Mitsubishi UFJ Financial Group Inc (TYO:8306) to reduce the number of ATMs. A report by the Nikkei Asian Review says MUFG Bank intends to reduce its Japanese ATM network by 20% through fiscal 2023. The change reflects the rise in online sales and cashless payments,…

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Hong Kong’s SFC registers rise in license applications in quarter to end-June

FinanceFeeds – The Hong Kong Securities and Futures Commission (SFC) has earlier today published its Quarterly Report summarizing key developments during the three months to June 2018. The regulator registered a rise in the number of license applicants. During the quarter, the SFC received 2,030 licence applications, up 2.7% from the preceding quarter and up 19.6% from the equivalent period…

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CFTC warns that traders accused of spoofing are trying to obtain excessive evidence

FinanceFeeds – The latest request by the US Government to stay the civil action against James Vorley and Cedric Chanu, accused of spoofing, has resulted in disagreement between the traders and the Commodity Futures Trading Commission (CFTC). Whereas the defendants have asked for a narrower stay, the CFTC opposes their request. On Monday, August 13, 2018, the US regulator…

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