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Goldman Sachs fined US$ 36.3m by Fed

August 4, 2016 Tristan Van Iersel

Goldman Sachs received a US$36.3 million penalty for using and disclosing confidential information without permission. The US Federal Reserve Board also is pursuing a fine against a former managing director for the bank. Reuters (8/3)

HSBC profit slid 29% in H1

August 4, 2016 Tristan Van Iersel

HSBC posted a sharp 29% drop in first-half profit from a year before, citing a decline in activity, “spikes of uncertainty” associated with China’s slowing economy and questions arising from Brexit. The bank plans a […]

Is Instagram copying Snapchat?

August 3, 2016 Tristan Van Iersel

Snapchat (SNAP) continues to gain momentum, particularly among the younger demographic. Last fall, Facebook’s (NASDAQ:FB) Instagram platform was the most preferred social media platform among teens, garnering 33% of first-place votes. That figure dropped to […]

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