A Safe Haven for iGaming and Gaming Affiliates
A Safe Haven for iGaming and Gaming Affiliates In many European countries, online gaming at unlicensed online casinos is prohibited. Some countries even block online services using IP addresses that do not belong to those countries (e.g., Switzerland). In such cases, you can only play at state-licensed online casinos or try your luck by using […]
Startup Funding through Convertible Loan Notes
What are the Benefits for Startups when using Convertible Loan Notes (CLNs) for their funding? Startup Funding through Convertible Loan Notes: Convertible Loan Notes (CLNs) are mainly used by smaller businesses to secure a first-stage investment, often through close friends, business partners, and family. Or risk-averse investors, of course. Generally speaking, these CLNs offer startups […]
Advantages of a new Company in Malta
What are the Advantages of a new Company in Malta? When doing business in Malta, one may encounter a highly competitive business environment. Establishing a firm in Malta not only offers a highly competitive, tax-efficient, and EU-compliant environment, but also opens the door to a nice Mediterranean lifestyle in proximity to major European Capitals. So, […]
Advantages of a new Company in Cyprus
What are the Advantages of a new Company in Cyprus? When doing business in Cyprus, one may encounter a highly competitive business environment. Establishing a firm in Cyprus not only offers a highly competitive, tax-efficient, and EU-compliant environment, but also opens the door to a nice Mediterranean lifestyle in proximity to major European Capitals, but […]
7.5 billion of Russian assets have been frozen in Switzerland
Switzerland has frozen a total of 7.5 billion Swiss francs in Russian assets, in connection with the sanctions imposed over Russia’s war in Ukraine. The amount, which has been fluctuating for months, is nearly one billion francs more than the figure provided by the State Secretariat for Economic Affairs (SECO) in July. Switzerland, a favoured destination […]
Circumventing Sanctions is a EU-Crime
Circumventing sanctions, such as the ones taken against Russia for its war on Ukraine, is to become a European Union crime, the Czech Presidency of the EU Council announced on Monday. EU countries “unanimously” adopted a decision to add the violation of restrictive measures to the list of “EU crimes” included in the Treaty on the […]
Britain unveils plan to return NatWest to majority private control
LONDON, July 22 (Reuters) – Britain’s government on Thursday unveiled a blueprint for returning NatWest (NWG.L) to majority private ownership within a year, more than a decade since bailing out the lender at the height of the global financial crisis. The finance ministry said it had instructed Morgan Stanley to sell NatWest shares on its behalf in […]
German bank LBBW signs with Dutch fintech TreasurUp for online FX hedging services
Landesbank Baden-Württemberg has signed a cooperation agreement with the Dutch FinTech venture TreasurUp. The aim is to introduce a digital solution for foreign exchange risk management, especially targeted at small and medium-sized corporate customers. LBBW will make this online hedging service available to both corporate customers of the Sparkassen-Finanzgruppe as well as its own customers. […]
Barclays pays out more than $1 bln to investors as profits rebound
H1 profit 5 billion pounds (2020: 1.3 billion) Bank launches 500 million pound buyback CEO says will stay around 2 more years Shares rise 3% LONDON, July 28 (Reuters) – Barclays (BARC.L) will pay out more than a billion dollars in dividends and buybacks to shareholders after beating first-half profit forecasts as bad loan fears receded […]
Deutsche Bank optimistic on revenues after profit beat
Longest streak of quarterly profit since 2012 Shares open higher but early gains fizzle Investment banking revenue drops as expected FRANKFURT, July 28 (Reuters) – Deutsche Bank (DBKGn.DE) on Wednesday delivered a fourth consecutive quarterly profit for the first time in nearly a decade and raised its revenue outlook despite a decline in business at its […]