Elizabeth Anderson
LeapRate Analyst

With over a decade’s experience as a finance writer, Elizabeth Anderson applies her knowledge and experience to keep a finger on the pulse of global trends. Specialising in forex, cryptocurrencies, and stocks, Elizabeth follows the movements that impact the world of trading.
July 11, 2024 BY Elizabeth Anderson

Firstmac Guilty Of Breaching DDO Rules With Cross-Selling Strategy

According to the Australian Securities and Investments Commission (ASIC), Firstmac used a “cross-selling strategy” to market its High Livez product to 780 consumers with existing term deposits. The company allegedly sent product disclosure statements to these clients without ensuring that they met the target market determination. Don’t miss out the latest news, subscribe to LeapRate’s…

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July 11, 2024 BY Elizabeth Anderson

$500m Twitter Severance Lawsuit Against Elon Musk Dismissed

Musk, who heads enterprises such as Tesla (TSLA) and SpaceX, acquired Twitter in October 2022 and changed the name to X. He then proceeded to fire thousands of employees in mass layoffs. Trina Thompson, the presiding US district judge in the matter, found that the Employee Retirement Income Security Act (ERISA) did not cover these…

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July 10, 2024 BY Elizabeth Anderson

HSBC Partners with Visa to Develop Money Transfer App, Zing

The app launched in the UK earlier this year with a mission to offer international payments with no transfer fees. Zing allows users to complete transactions in 200 markets, send 30+ currencies, and hold 20+ currencies with just one app and card. The real-time conversion rates also enhance the value of users’ wallets. HSBC will…

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July 09, 2024 BY Elizabeth Anderson

Hong Kong Monetary Authority Fines DBS Bank $1.28m

The HKMA investigated alleged control failures at DBS Bank between April 2012 and April 2019. The financial watchdog conducted an investigation under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Chapter 615 of the Laws of Hong Kong). The HKMA identified control discrepancies such as the inconsistent monitoring of business relationships, lapses in evaluating high-risk events,…

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July 08, 2024 BY Elizabeth Anderson

Mt. Gox Repayments Hobble Global Crypto Performance

Media reports showed that Bitcoin – the global powerhouse in virtual tokens – was down 3% at one stage and even dipped below $55,000 during Friday trading. This was the first time since the end of February 2024 that Bitcoin has slumped this low. Ether, another popular cryptocurrency, dropped by approximately 5%. CNBC said that,…

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July 08, 2024 BY Elizabeth Anderson

Boeing, Paramount and Ocado trend at market open

Boeing faces a £190.1m fine and has been ordered to invest a minimum of £355m across the next three years to improve its compliance and safety programmes. These terms were not the only choice on offer for the company. Federal prosecutors offered Boeing a guilty plea or a trial on the felony criminal charge of…

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