Anti-money laundering credentials key for Binance’s Paris plans – regulator

S.Korean game producers chase NFTs in real-money boost for players and firms

PARIS, Nov 25 (Reuters) – France’s financial sector regulator said on Thursday that crypto exchange Binance must focus on its anti-money laundering compliance if it wants regulatory backing to set up a possible regional hub in Paris.Regulators across the world have in recent months scrutinised Binance, the world’s largest exchange by trading volumes. Some have … Read more

MONETA Money Bank reaches $1.2 billion deal for PPF’s Air Bank

MONETA Money Bank reaches $1.2 billion deal for PPF's Air Bank

PRAGUE, Nov 18 (Reuters) – Czech lender MONETA Money Bank agreed a re-worked 25.9 billion crown ($1.16 billion) deal to buy the Air Bank group of companies from PPF, its largest shareholder, reviving a bid that other shareholders had rejected earlier this year.PPF, the investment group started by late Czech billionaire Petr Kellner, is making … Read more

India’s Paytm crashes in market debut, business model questioned

India's Paytm crashes in market debut, business model questioned

MUMBAI, Nov 18 (Reuters) – Indian digital payments firm Paytm (PAYT.NS) tumbled 25% on its maiden day of trade, with investors questioning its lack of profits and the lofty valuations it gained in the country’s largest-ever IPO.While there had been some expectations that Paytm’s market debut could underwhelm, the steep plunge on Thursday was astonishing.Shares … Read more

NatWest Q3 profit triples despite money laundering charge

NatWest Q3 profit triples despite money laundering charge

People maintain social distance while they queue outside a Natwest bank in Wimbledon, following the outbreak of the coronavirus disease (COVID-19), London, Britain, May 1, 2020. REUTERS/Hannah McKayLONDON, Oct 29 (Reuters) – NatWest (NWG.L) reported its third quarter profits tripled on Friday, despite setting aside cash to prepare for an expected fine for money laundering … Read more