Posted in business news

America’s newest stock exchange is gunning for NYSE and Nasdaq’s marquee business (ICE, NDAQ)

IEX, the upstart exchange, is going after the NYSE and Nasdaq for their listed companies.  IEX is offering companies which switch $250,000 in fee credits, equivalent…

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Trader allegedly paid Amazon employee and frat bro $10,000 to steal earnings results in $1.7 million insider trading scam (AMZN)

It’s a bad idea to engage in insider trading. An even worse idea is going on social media to brag about the nonpublic information you have…

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Standard Chartered reportedly lost $400 million on risky loans to a cadre of diamond barons

In 2009, while most banks were reeling from the financial crisis and paring back risk, Standard Chartered dove headlong into the dangerous game of diamond…

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UBS: Technologies like blockchain are IBM’s ‘best hope for recovery’ (IBM)

Blockchain may be IBM’s saving grace. That’s the thesis of a research note by a trio of analysts at UBS, the Switzerland-based bank, out Tuesday morning.  IBM,…

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SURVEY: The majority of CoinDesk readers think there’s a bubble in cryptocurrencies

The explosive growth of the cryptocurrency market even has readers of blockchain news site CoinDesk thinking there is a bubble in the $164 billion market.  Since the…

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