‘ How banking scandals have helped us out a lot ‘

#AceFinanceReport – LONDON:May.30: The four-year-old London-based foreign-exchange platform Kantox just scored a very important investor — Patrick de Nonneville.

De Nonneville was until January a top European executive at Goldman Sachs, but he left the pinnacle of traditional finance to join the booming world of FinTech.

De Nonneville, formerly cohead of European interest rate products at Goldman, joined the online French business-loan startup Lendix as its COO at the start of the year after more than seven years at Goldman.

He’s now taken part in an $11 million funding round announced Wednesday in Kantox, a foreign-exchange platform headquartered in London. He’s also joining the startup’s board.

Both Lendix and Kantox are part of a new wave of businesses using technology to make banking faster, cheaper, and easier. In the process they are also terrifying traditional banks by eating into their business.

“There’s a big realisation inside the financial industry that the changes which are being brought about for big financial companies have opened up a lot of opportunities outside of the main banks,” de Nonneville told Business Insider.

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#banking-scandals, #business-economy

‘ British Banks Barclay’s & HSBC caught up in FIFA Scandal ‘

Article: Puerto Rico is billions of dollars in debt, people are leaving in droves – and now America is turning its back

#AceNewsReport – May.30: The posh boutiques that once lined cobbled Calle Fortaleza are gone now, replaced by T-shirt and souvenir shops grasping for dollars from passengers swarming down the gangways of the Carnival cruise ships that dock here most mornings. Bars advertise “happy hours” lasting from noon till night, while old men pushing tatty ice-cream carts go mostly unnoticed.

Old San Juan, the colonial gem of Puerto Rico’s capital San Juan, is tired but clinging on. Elsewhere on the island, the story is graver.

Exhausted by a recession that has lasted for most of the past eight years and by talk of a possible default on government debt, Puerto Ricans are leaving in droves. Many who stay are jobless; doctors who haven’t been paid in months are downing their stethoscopes.

The pain that is Puerto Rico’s – and could soon be Wall Street’s if the debt crisis isn’t resolved – is poignant. Some blame its step-child relationship with America, neither a fully-fledged US state nor an independent nation. It hardly helps that Washington barely seems to care while at the same time it is suddenly lavishing attention on Cuba, its near neighbour to the west. The island has lost 20 per cent of its jobs since 2006. The unemployment rate stands at over 13 per cent.

It’s no wonder people want to get out.

Puerto Rico is billions of dollars in debt, people are leaving in droves – and now America is turning its back
http://www.independent.co.uk/news/world/americas/puerto-rico-island-of-lost-dreams-people-are-leaving-the-debthit-territory-in-droves-as-near-neighbour-cubas-star-rises-10271083.html

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How much do you need to make to afford a two-bedroom apartment in North Carolina?

How much money do you need to make per hour to afford a 2-bedroom apartment in North Carolina?

The National Low-Income Housing Coalition recently released its annual “Out of Reach” report and has the price for the Tar Heel state at $14.68. That’s around $30,000 a year. North Carolina was among several other states in…

How much do you need to make to afford a two-bedroom apartment in North Carolina?

http://myfox8.com/2015/05/30/how-much-do-you-need-to-make-to-afford-a-two-bedroom-apartment-in-north-carolina/

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Article: Non-dom status claimed by 800 UK-born taxpayers living in Britain

Non-dom status claimed by 800 UK-born taxpayers living in Britain
http://www.theguardian.com/politics/2015/may/29/non-dom-status-claimed-by-800-british-born-taxpayers-living-in-uk

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GREECE: ‘ Greek bank deposits fall to lowest level in a decade – ECB data ‘

GREECE:LATEST:May.29: FRANKFURT (Reuters) – Deposits at Greek banks fell in April to 139.4 billion euros ($153 billion), down from 145 billion euros in the previous month, data from the European Central Bank showed on Friday.

This new level of deposits in Greece is the lowest in more than a decade. Deposits had risen above 240 billion euros in late 2009.

(Reporting By John O’Donnell; editing by Jonathan Gould)

Greek bank deposits fall to lowest level in a decade – ECB data

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LONDON: ‘ FTSE index falls on Greek concerns, drop in UK consumer confidence ‘

LONDON (Reuters) – The FTSE 100 fell on Friday, with an unexpected drop in consumer morale in the United Kingdom and uncertainty regarding Greece’s debt situation prompting investors to trim their trading positions.

FTSE index falls on Greek concerns, drop in UK consumer confidence

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Article: Massive surge in donations made 2015 general election most expensive ever

Massive surge in donations made 2015 general election most expensive ever
http://www.theguardian.com/politics/2015/may/28/massive-surge-donations-2015-general-election-most-expensive-ever

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NEW YORK: ‘ Charter-Time Warner Cable deal could spawn an online video service ‘

NEW YORK (Reuters) – Charter Communications Inc executives are exploring whether to launch an online video service as part of its combination with larger rival Time Warner Cable Inc, in what would be an unprecedented move in the cable industry.

The $56 billion takeover announced on Tuesday would make Charter the No. 2 U.S. Internet and cable company after Comcast Corp. Charter’s top shareholder John Malone, a cable industry pioneer, is on record as being a fan of streaming TV over the Internet.

And Tom Rutledge, who would run the combined Charter-Time Warner Cable, has now opened the door to establishing the cable industry’s first competitor to services like Netflix Inc and Hulu.

Charter-Time Warner Cable deal could spawn an online video

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ASIA: ‘ Asian shares drop, dollar at highest since 2002 versus yen ‘

TOKYO (Reuters) – An index of Asian shares fell on Thursday as the Chinese, Hong Kong and Australian markets slipped, while the dollar scaled its highest level against the yen since 2002 on expectations the U.S. Federal Reserve will raise rates this year.

Spreadbetters predicted European shares would tread water just below previous closes, as talks continued about Greece’s ongoing financial crisis. Britain’s FTSE 100 was seen opening between 2 and 5 points higher, Germany’s DAX was expected to open between 4 points lower and 10 points higher, and France’s CAC 40 was seen opening between 11 points lower and 13 points higher.

“With G7 talks underway, we could be lined up for another choppy session with little change amid swinging sentiment between a deal being stuck and bearish talk on Greece’s chances of averting disaster,” Farbod Mimeh, a junior dealer at Capital Spreads in London, said in a note to clients

Asian shares drop, dollar at highest since 2002 versus yen

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