Finance

Today the Danske Bank whistleblower, Mr. Howard Wilkinson, was informed by Danske Bank that the secrecy agreement the Bank required him to sign in 2014 has been partially waived.  Mr. Wilkinson has been granted permission to testify before the European and Danish Parliaments, and to provide information to the U.S. Department of Justice, and the U.S. Securities and Exchange Commission concerning the money $230 billion money laundering scheme for which Danske Bank participated in. Stephen M Kohn from Kohn, Kohn...

The cryptocurrency could produce enough emissions to raise global temperatures by 2°C as soon as 2033 if its popularity continues to rise

Wanting to become an entrepreneur is one thing. How to go about it, on the other hand, can put you at your wit’s end. The thought of coming up with a fresh idea and innovative idea is a challenge in and of itself. Then comes the part where you will have to create a business plan, find employees to work for you, and so on and so forth. It is for this reason that many businessmen and aspiring entrepreneurs have...

The National Police Chiefs’ Council have said that the US President’s four day trip to the UK cost almost £18m The police used thousands of officers, over four force areas, to ensure his safety during his visit. This show of force was the biggest mobilisation since 2011, when London, and other cities, faced large scale rioting. NPCC chair Sara Thornton said: "Nearly every force supported the operation with nearly 10,000 officers deployed from all over the country, performing over 26,000...

An IMF report has concluded that the UK’s public finances are some of the worst on the planet. Since the banking crash of 2008 nearly £1tn has been slashed from the public sector, which is 50% of GDP. Bailing out the banking sector and public sector pension liabilities hugely contributed to the poor state of the UK’s public finances. Of 31 countries only Portugal was in a weaker position. The Gambia, Uganda and Kenya rank above the UK. Norway ranked...

Keeping all your money idle in the bank will never make you rich or improve your financial health in any way. The money that you save must be utilized in a way that will increase your savings. There are lots of investment opportunities around that are safe enough to invest in while offering the opportunity of growing your money. It isn't always easy to decide where to put your money, so working with a financial planner can prove helpful. Your...

Danske Bank Chief Executive Thomas Borgen has quit after he was embroiled in a huge money-laundering scam. An investigation into the bank’s dealings discovered a potential £177bn fiddle through its Estonian operation,between 2007 and 2015. The Danish bank said many of those payments were suspicious. Mr Borgen said: "Even though the investigation conducted by the external law firm concludes that I have lived up to my legal obligations, I believe that it is best for all parties that I resign."...

Nobu Su claims Fred Goodwin used his cash to keep struggling bank afloat

The latest Z/Yen Global Financial Centres Index showed New York overtaking the UK's capital for the first time since 2015. The City think tank said there was evidence London had been knocked, but only slightly, by uncertainty over Brexit. However, it doesn’t make great reading to see London knocked off its perch as we approach the potential stormy waters of Post-Brexit Britian. Zurich, Frankfurt, Amsterdam, Vienna, and Milan moved up the rankings significantly. The study reported: "These centres may be...