Financial Services
About Financial Services
Financial Services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, . . .
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... " He said the major High Street banks should be compelled to provide support staff in all 11,500 post offices around the country to ensure community Financial Services, including access to cash, is maintained...
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... His most recent employer, CUSO Financial Services, said in a statement to the BBC that he was laid off from his job on 8 November...
Richard Teng: Who is the new boss of Binance?
... In announcing his successor, a " highly qualified leader" adding that " with over three decades of Financial Services and regulatory experience, he will navigate the company through its next period of growth"...
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... After Russia launched its full-scale invasion, Ukraine s National Bank restricted Financial Services for all Russian and Belarusian citizens, although it says those with a residence permit are not affected...
Banks accused of dragging their feet over fraud refunds, says MP
... " The trade body UK Finance, which represents the banks, said: " The Financial Services sector invests more in countering fraud than anyone else, and is the only sector that reimburses victims - even though the vast majority of authorised fraud originates on other platforms and networks...
Big banks linked to products with pangolin and leopard parts
... The companies include UK Financial Services giants such as HSBC, Prudential, and Legal & General, as well as global investment firms including Goldman Sachs, UBS, Deutsche Bank and BlackRock...
Ex-Barclays boss Jes Staley banned over Epstein scandal
... " She added that it was right to prevent him from holding a senior position in the Financial Services industry if he could not be relied on " to act with integrity by disclosing uncomfortable truths about his close personal relationship with Epstein"...
What's going on at Metro Bank?
... The BBC understands Treasury officials have been in touch with the Prudential Regulation Authority, the Financial Services regulator, which is monitoring the situation at the bank...
Richard Teng: Who is the new boss of Binance?
By Mariko OiBusiness reporter
The sudden resignation of Changpeng " CZ" Zhao has shocked the crypto world. But who is the New Boss of Binance, Richard Teng?
A native of Singapore, Mr Teng joined The World 's largest crypto exchange just over two years ago as The Ceo of his Home Country .
That was the year when Binance came under a Justice Department investigation, and as regulatory scrutiny of The Company and Mr Zhao intensified, Mr Teng was rapidly climbed the ranks in the background.
He only stayed in his original position as the Singapore CEO for 5 months, before he was promoted to Regional Head of Europe, Asia and the Middle East and North Africa in April 2023.
Mr Teng later moved on to become Head of Regional Markets this May before he was appointed to The Top job on Tuesday - just slightly More Than two years after he was first employed by Binance.
In announcing his successor, a " highly qualified leader" adding that " with over three decades of Financial Services and regulatory experience, he will navigate The Company through its next period of growth".
Prior to joining Binance, Mr Teng worked in the more traditional financial and regulatory sectors as a director of Corporate Finance at the Monetary Authority Of Singapore (MAS) and a chief regulatory officer of the Singapore Exchange (SGX).
He then moved on to the become CEO of the Abu Dhabi Global Market (ADGM), an international Financial Centre in The United Arab Emirates, where he stayed for Six Years . The ADGM regulates the trading of digital assets.
In a statement on Wednesday, Mr Teng said he was honoured to step into The Role , adding that he would Focus On reassuring Binance's 150m users about " the financial strength, security and safety of The Company ".
But his new role will come with its air share of challenges. Retaining customer confidence will be an item on Mr Teng's agenda, with Binance having suffered reputational damage in recent months.
In March, US regulators sought to ban The Company , alleging it had been operating in the country illegally. It was also accused of breaking numerous US financial laws, including rules intended to thwart Money Laundering .
The Justice Department later ordered Binance to pay $4. 3bn (£3. 4bn) in penalties and forfeitures.
Despite this, Mr Teng has reiterated that Binance was " here to stay" adding that company's foundation stands " stronger than ever".
Related TopicsSource of news: bbc.com
