Putin suspends missile treaty and pledges to build more weapons

first_img whatsapp Saturday 2 February 2019 9:58 am James Booth In a statement, the Western defensive bloc the North Atlantic Treaty Organisation (Nato) said that Russia had “developed and fielded a missile system, the 9M729, which violates the INF Treaty, and poses significant risks to Euro-Atlantic security.”“Allies strongly supported the finding of the United States that Russia is in material breach of its obligations under the INF Treaty and called upon Russia to urgently return to full and verifiable compliance,” the statement said. whatsapp Putin told a meeting with foreign and defence ministers that Russia had suspended the Intermediate-Range Nuclear Forces Treaty which limits land-based missiles with ranges of 310–3,420 miles.Putin also said Russia will start working on creating new missiles, including supersonic ones.US President Donald Trump said in October that the US could withdraw from the treaty, which was signed in 1987, because of Russian non-compliance.US Secretary of State Mike Pompeo said yesterday that the US was suspending the treaty.https://twitter.com/SecPompeo/status/1091419703799672833 Tags: Donald Trump People Vladimir Putin Russian President Vladimir Putin said today that Russia has suspended a cold war era treaty to limit missile building after a similar move by the US. Share Read This Next20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The WrapIf You’re Losing Hair in This Specific Spot, It Might Be a Thyroid IssueVegamourJim Cramer Calls for Billionaire Tax: ‘This Society Has to Start AddressingThe WrapTop 5 Tips If You’re Losing Your EyebrowsVegamour’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Drake & Josh’ Star Drake Bell Pleads Guilty to Attempted ChildThe WrapWhat Causes Hair Loss? Every Trigger ExplainedVegamourSmoking and Hair Loss: Are They Connected?VegamourThis Is How Often You Should Cut Your HairVegamour by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldFinance Wealth PostTom Selleck’s Daughter Is Probably The Prettiest Woman To Ever ExistFinance Wealth PostTotal PastJohn Wick Stuntman Reveals The Truth About Keanu ReevesTotal Pastbonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.comOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute Workoutmoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.com Putin suspends missile treaty and pledges to build more weapons last_img read more

France calls on EU to adopt digital tax in 2021 if OECD talks fail

first_img“We have significant disagreements that I don’t expect to be resolved by the end of the year,” Le Maire said on Wednesday. French Economy and Finance Minister Bruno Le Maire reiterates need for digital tax (POOL/AFP via Getty Images) Also Read: France calls on EU to adopt digital tax in 2021 if OECD talks fail Michael Searles whatsapp France imposed a national digital tax earlier this year, which Washington said unfairly discriminates against American firms, before then announcing its own 25 per cent tariffs on French goods in July. “I think this is a new reason to accelerate the work we are doing within the OECD to have a fair digital taxation. Share Earlier this week, Le Maire said he was concerned the US would block an international agreement. Friday 11 September 2020 9:24 am “If you look at the consequences of the economic crisis, the only winners are the digital giants. “I want to make the things very clear: if it proves to be impossible to get a consensus by the end if this year at the OECD level… we should have, by the beginning of next year, 2021, a European solution for digital taxation.”  It is the not the first time words between France and the US have been exchanged regarding the the digital tax, which has fuelled transatlantic trade tensions. Show Comments ▼center_img He said the Trump administration keeps changing position on what the basis of the digital tax should be and insists on a voluntary element that other countries do not find acceptable. whatsapp Speaking at a Eurogroup meeting of eurozone finance ministers in Berlin this morning, French finance minister Bruno Le Maire reiterated the need for an international tax system. French Economy and Finance Minister Bruno Le Maire reiterates need for digital tax (POOL/AFP via Getty Images) Also Read: France calls on EU to adopt digital tax in 2021 if OECD talks fail France calls on EU to adopt digital tax in 2021 if OECD talks fail France has called on the European Union to implement a digital tax by the first quarter of 2021 if an agreement cannot be reached within the Organisation for Economic Co-operation and Development (OECD) framework. French Economy and Finance Minister Bruno Le Maire reiterates need for digital tax (POOL/AFP via Getty Images) “If the US obstruction is confirmed by the end of the year, we are counting on the European Union to make a formal proposal on digital tax in the first quarter of 2021.” The implementation of those levies was delayed for 180 days as France also suspended its digital tax pending the negotiations at the OECD. “You know how important it is for us to have a fair and efficient international taxation system as soon as possible,” he said.last_img read more

Brexit talks ‘in real trouble’ if this week does not produce breakthrough

first_imgMonday 16 November 2020 9:08 am Brexit talks ‘in real trouble’ if decisive week does not produce breakthrough “Our red lines haven’t changed and we’re preparing for whatever the outcome is,” Matt Hancock told Sky News. “Of course our preference is to get a deal and that is open to the Europeans if they choose to make the progress that’s needed”.   Both sides are trying to negotiate a deal that would govern nearly $1 trillion in annual trade before the transition period ends at the end of December.  On Sunday Coveney said the UK needed to remove part of its controversial Internal Market Bill that breach the withdrawal treaty in order to get the deal done.  Speaking to Ireland’s Newstalk radio station Simon Coveney said: “If there is not a major breakthrough over th next week to 10 days then I think we really are in trouble and the focus will shift to preparing for a no trade deal and all the disruption that that brings”.  whatsapp Angharad Carrick Share Chief EU Negotiator Michel Barnier with his team in London last month Also Read: Brexit talks ‘in real trouble’ if decisive week does not produce breakthrough Show Comments ▼ whatsapp Chief EU Negotiator Michel Barnier with his team in London last month Chief EU Negotiator Michel Barnier with his team in London last month Also Read: Brexit talks ‘in real trouble’ if decisive week does not produce breakthrough Trade talks between Britain and the EU will be in “real trouble” if there is not a breakthrough in the next week, the Irish foreign minister has said.  Fishing remains a key sticking point in negotiations, with Coveney today saying negotiations are “not in a good place” when it comes to fishing and that talks are in the same place as they were in mid-Summer.  “I think the British government understand only too well what’s required for a deal this week, teh real question is whether the political appetite is there to do it. I think we will [get a deal], that’s been my prediction for a while but I won’t be shocked if it all falls apart,” Coveney added.  “If the British government is determined to continue with their Internal Market Bill, to introduce parts of that Bill that were removed in the House of Lords this week, then I think this is a deal that won’t be ratified by the EU,” he told Sky News  Trade talks are heading for another crunch week, with time running short to agree a deal before the UK leaves the EUs single market and customs union on 31 December.  by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailBetterBe20 Stunning Female AthletesBetterBeBigGlobalTravelCelebrities That Are Still Married TodayBigGlobalTravelAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorPost FunGreat Songs That Artists Are Now Embarrassed OfPost FunGameday NewsMichael Oher Tells A Whole Different Story About ‘The Blind Side’Gameday NewsBleacherBreaker41 Old Toys That Are Worth More Than Your HouseBleacherBreakerLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthExplored Planet40 Things People Should Reconsider Wearing On A PlaneExplored Planet Brexit talks resumed in Brussels today with Britain saying it hopes to reach a deal but its red lines remain unchanged. Tags: Brexitlast_img read more

Fraudsters flog vaccines and vaccine passports on dark web

first_img Unscrupulous scammers are flogging Covid-19 vaccines, vaccine passports and fake negative test results on the dark web as they take advantage of the pandemic. James Warrington Share It is unclear whether the vaccines being sold on the dark web are real or not (Getty Images) Other fraudulent posts include fake negative tests, which are promoted as allowing people to travel abroad or for entry into hospitality venues if required. Doses of the Astrazeneca, Sputnik, Sinopharm and Johnson & Johnson jabs are being advertised for sale for as much as $750 (£545). It is unclear whether the vaccines being sold on the dark web are real or not (Getty Images) Also Read: Fraudsters flog vaccines and vaccine passports on dark web Fraudsters flog vaccines and vaccine passports on dark web by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBrake For ItSay Goodbye: These Cars Will Be Discontinued In 2021Brake For ItFactableAluminum Foil Uses You’ll Want to KnowFactableDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyLiver Health1 Bite Of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthHomeLight.comDon’t Make This Mistake When You Sell Your Home. Try these 7 websites.HomeLight.comFungus EliminatorIf You Have Toenail Fungus Try This TonightFungus EliminatorLivestlyPlugs Have These Two Holes At The End, Here’s WhyLivestlyMoneyWise.comMechanics Say You Should Avoid These Cars In 2021  MoneyWise.comDrivepedia30+ Funny Photos Of Car Owners Having A Rough DayDrivepedia It is not clear whether the jabs are real, but researchers say they have seen a “sharp increase” in the number of vaccine-related adverts. Fake vaccination certificates are also being sold by anonymous traders for as little as $150, a BBC investigation revealed. The jabs advertised include the Oxford/Astrazeneca for $500, Johnson & Johnson and Sputnik for $600 and Sinopharm for $750. One seller offered next-day delivery. “Seeking out vaccines or any drug on the dark web is asking for trouble, as it comes with zero confidence that what is being sold is what is being described,” said Jake Moore, cybersecurity specialist at ESET. whatsapp Experts at cyber firm Check Point said adverts on hacking forums and other marketplaces have tripled since January to more than 1,200. “The dark web sells absolutely anything and is often linked to illegal goods and services. This is due to the anonymity that the technology offers, but there is no comeback or security if anything goes wrong when purchasing goods or services there and it is advised to steer well clear of any temptation. Vaccine sellers appear to be from US, UK, Spain, Germany, France, while a number of adverts were posted in Russian as well as English. It is unclear whether the vaccines being sold on the dark web are real or not (Getty Images) Also Read: Fraudsters flog vaccines and vaccine passports on dark web whatsapp Show Comments ▼ “It could be highly dangerous to purchase drugs from underground marketplaces as the more demand there is, the more illicit suppliers there will be to keep up with these new requests.” Tags: Coronavirus Tuesday 23 March 2021 10:14 am More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comKiller drone ‘hunted down a human target’ without being told tonypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comlast_img read more

Panalpina expands African perishables network with Interfresh acquisition

first_imgBy Alexander Whiteman 28/09/2017 Panalpina is to acquire Dutch handling agent Interfresh, as it looks to consolidate its African perishables operations.The acquisition, which includes subsidiaries Fresh Cargo Connection and Dutch Cargo Connection, follows its purchase of Kenyan forwarder – and Interfresh customer – Air Connection this year.Chief executive Stefan Karlen said the acquisition gave the 3PL “full control” over the cool chain for one of the perishables industry’s “most important” tradelanes for flowers: Nairobi to Amsterdam.Panalpina’s country manager for Kenya, Conrad Archer, told The Loadstar it serviced the route with 51 flights a week, spread across eight carriers. “We have long-term capacity arrangements with all the major airlines operating out of Kenya and constantly look for solutions to meet the changing demands of our customers,” added Mr Archer.When asked about using its own freighter, regional head of air freight for MEAC Slavey Djahov said while Kenya was currently not part of the charter network, it “could be” in the future.Mr Dhajov also commented on the route’s competitiveness, noting that Nairobi is part of the global network of every carrier flying into Africa.“We have witnessed a steady increase in capacity and available cargo northbound, and from a price perspective, it has been relatively stable over the years,” he said. “There were slight decreases when fuel cost came down and we now see an upward pressure on the rates ex-NBO,” adding that this is not unique to the route.With this acquisition, Panalpina says it hopes to “significantly” expand its Dutch perishables service, with Mr Karlen describing it as a “significant step” in building a global perishables network.“It also exemplifies how we expand our presence and expertise in destination countries and at major transport hubs for perishables,” added Mr Karlen.last_img read more

Deaths in Laois – Monday, December 16, 2018

first_img GAA GAA Home Deaths Deaths in Laois – Monday, December 16, 2018 Deaths Facebook WhatsApp TAGSDeaths in Laois By Siun Lennon – 17th December 2018 Below are the recent deaths in Laois.Ar Dheis De go raibh a anam.Brigid DelaneyKilleen, Mountmellick, LaoisBrigid Delaney, Killeen, Mountmellick, Co Laois, died 15th December 2018, (peacefully) at home, surrounded by her family. Much loved daughter of Frank and Agnes and sister of Eamonn, John, Frank, Mona and Terry. Brigid will be very sadly missed by her heartbroken parents, brothers, sister, sisters-in-law, nephews, nieces, aunts, uncles, cousins, neighbours and a large circle of friends. Reposing in Moloney’s Funeral Home, Mountmellick, on Monday evening from 5pm, with recital of the rosary at 8pm. Requiem Mass on Tuesday at 12 noon in St. Paul’s Church, Emo, burial afterwards in the New Cemetery, Emo.Georgina Vanston (née Martyn)Redcastle, Mountrath, LaoisGeorgina Vanston (neé Martyn), Died 16th December 2018 (peacefully) in her 97th year, in the loving tender care of staff at Brookhaven, Nursing Home, Ballyragget, predeceased by her husband George, deeply regretted by her daughters Sylvia and Olive, son Harry, sister Alice, sons-in-law William and Lionel, daughter-in-law Mary, grandchildren, nieces, relatives and friends. Reposing at Brookhaven Nursing Home, Ballyragget, on Monday evening from 7 o’clock with prayers at 8 o’clock. Funeral arriving on Tuesday to St. Peter’s Church Mountrath, for Funeral Service at 2.30 o’clock, followed by burial in the adjoining churchyard.Carmel BrackenCraydon Court, Portlaoise, LaoisBracken (nee Lewis) Craydon Court and late of Borris Rd, Portlaoise, Dec. 15th 2018, peacefully at home, surrounded by her loving family. Carmel, beloved wife of the late Tommy and dearly loved mam to Marti and Tommy. Deeply regretted by her loving family, brother Ted, sisters-in-law, Rose, Patricia, Rita and Bibi, daughter-in-law Mari, cherished grandchildren Mark and Eve, nieces, nephews, relatives and friends. Reposing at her residence from 5 pm on Sunday evening with rosary at 8 pm. Removal on Monday morning to SS Peter and Paul’s Church, Portlaoise, to arrive for 11.30 Requiem Mass. Interment will follow afterwards in SS Peter and Paul’s Cemetery, Portlaoise.Edmund Handcockformerly of Middlemount House, Rathdowney, LaoisEdmund Handcock died at St. Andrew’s Hospice, Grimsby, UK. Sadly missed by his sons John and Brian, brothers John, Bertie and Reggie daughter-in-law, grandchildren, extended family, relatives and friends. Cremation Service to take place on December 28th in Grimsby.Teresa (Tess) ConroyRathleague, Portlaoise, LaoisTeresa C. Conroy (Tess) nee O`Brien, Galway. Formerly Tullamore and Portlaoise. Predeceased by her husband Jay and daughter Terri. Peacefully at home in the loving care of her family. Deeply regretted by her Son Martin, Daughters , Jacinta (Mahony USA) , Elaine (Gillmore Galway) and Cepta (Halpin Wicklow). Sons in law Luke, Gerard, and Peter. Brother Gerald and sister in law Maureen. Grandchildren, Nieces, nephews. Relatives and friends. Rest in Peace. Reposing at her daughter Elaines residence at Killooney , Dunmore Co. Galway from 4 pm till 8pm on this Sunday Decemeber 16th . Removal on Monday to arrive at SS Peter and Pauls Church Portlaoise for 1 pm Requiem mass. Interment will take place afterwards in SS Peter and Pauls cemetery PortlaoiseJohn DohenyFr. O`Connor Crescent, Mountrath, LaoisJohn Doheny, Birmingham, England, and late of Fr. O’Connor Crescent, Mountrath, Co. Laois. Died 9th December 2018 ( unexpectedly). Deeply regretted by his parents Jackie and Margaret, brothers, sisters, nephews, nieces, extended family, relatives, neighbours and friends.May John Rest In PeaceFuneral Arrangements will be announced on MondaySEE ALSO – Deaths in Laois – Sunday, December 16, 2018 Here are all of Wednesday’s Laois GAA results Facebook Twitter RELATED ARTICLESMORE FROM AUTHOR 2020 U-15 ‘B’ glory for Ballyroan-Abbey following six point win over Killeshin Previous articleThe McDonalds finish second in Ireland’s Fittest Family after gallant final performanceNext article‘I just can’t understand why lads would not want to hurl for their county,’ Brennan speaks after Carlow defeat Siun Lennonhttp://heresosiun.blogspot.ie/2016/09/the-lekkie-piccie-experience.htmlSiún Lennon joined LaoisToday in a full-time capacity after studying Journalism and New Media in the University of Limerick. She hails from Rosenallis and her interests vary from news, sports and politics. GAA Twitter Deaths in Laois – Monday, December 16, 2018 Pinterest Pinterest WhatsApp Kelly and Farrell lead the way as St Joseph’s claim 2020 U-15 glory last_img

Ontario mulls review of advisor governance

FSRA updates title reg proposal Keywords Financial planning,  Ontario,  Professions The reference to advisor oversight comes in a section of the update detailing the government’s efforts to push for a more robust Canada Pension Plan (CPP). It calls for an enhanced CPP, and suggests that if that effort fails, it will pursue a “made in Ontario” solution. In terms of private retirement savings efforts, the government says that, “We will be vigilant in our effort to help reduce the costs associated with investing and consider options such as enhancing the oversight of financial advisers.” “The government will examine recommendations by the Ontario Securities Commission (OSC), which is looking at the structure of mutual fund fees, and consider more tailored regulation of financial advisers and planners,” it adds. “People who seek the assistance of financial planners expect access to sound, professional advice to ensure that their investment decisions best serve their financial goals. The government will investigate the merits of proceeding with more tailored regulation of financial planners. It will consider the appropriate regulatory framework for doing so, including possible reforms put forward by industry organizations,” it notes. Industry groups reacted positively to news. “While there were few details, Advocis is hopeful that the review will lead to a system of oversight akin to what has long been in place for lawyers, accountants and other professions,” it said in a statement. “We have been championing reforms to enhance the profession for more than a decade because it is the most efficient and effective way to improve consumer protection,” Greg Pollock, President and CEO of Advocis, in a release. Advocis notes that, currently, anyone can hold themselves out as a financial advisor regardless of their credentials. “This lack of oversight leaves consumers exposed to possible fraud or bad advice from unqualified advisors,” it says. “An initiative to ensure that all advisors have to meet and maintain standards, and that the unethical are unable to practice, would find wide support among all parties, consumers and financial advisors alike,” Pollock added. “We urge the government to proceed.” The Coalition for Professional Standards for Financial Planners, whose members include the Financial Planning Standards Council (FPSC), Canadian Institute of Financial Planners (CIFPs), Institute of Advanced Financial Planners (IAFP) and Institut québécois de planification financiére (IQPF), is also supportive of a plan that would consider the professional self-regulation of financial planning in Ontario. “Formal recognition of financial planning as a profession, just as law, accounting, architecture and medicine are today, is the natural next and necessary step towards the development of a model that ensures consumers are appropriately served by financial planners from coast to coast to coast, irrespective of any other licensure regimes in which they work,” said Cary List, chairman of the Coalition and president & CEO of the Financial Planning Standards Council. The Ontario government is considering reviewing the governance of financial advisors in Ontario. While there were few details, the news was contained in the province’s fall economic update, delivered Thursday by Finance Minister Charles Sousa. James Langton Share this article and your comments with peers on social media Related news “Light planning” could expand access to financial advice FP Canada, IQPF update projection assumption guidelines amid pandemic Facebook LinkedIn Twitter read more

Scotiabank looks to Pacific Alliance countries for future growth: CEO

first_img Scotiabank completes purchase of stake in Chilean bank Jentsch made his comments during the bank’s (TSX:BNS) international banking investor day event held in Mexico City on Monday. The Pacific Alliance is a trade bloc made up of Mexico, Peru, Chile and Columbia — all countries in which Scotiabank has operations. During its presentation, the bank noted that only around 40% of those living in Pacific Alliance countries currently have a bank account, representing a good growth opportunity for the bank. Roughly a quarter of Scotiabank’s earnings come from its international banking segment, which is heavily concentrated in the Pacific Alliance region. “While Scotiabank’s international roots started in the Caribbean, our future, internationally, is very much in the Pacific Alliance region,” Scotiabank CEO Brian Porter said. “Mexico, Peru, Colombia and Chile are attractive for several reasons … The macro fundamentals and demographics are very compelling. For instance, young and rapidly growing underbanked populations in each of these countries have an increasing need for financial services.” Although Scotiabank isn’t relying on acquisitions to meet its growth targets in Latin America, Porter noted that it would consider any attractive opportunities within its target markets. “At some juncture we’re going to see a deal that doesn’t come along very often, and we’re going to be in the position to react,” Porter said. Toronto-based Bank of Nova Scotia is expecting earnings from its operations in Latin America to grow steadily over the next few years as the region’s expanding middle class increases its appetite for financial services. Dieter Jentsch, Scotiabank’s group head of international banking, says he expects the bank’s annual earnings from Pacific Alliance countries to grow by an average of nine to 11% a year over the next three to five years. Share this article and your comments with peers on social media Related news Facebook LinkedIn Twitter Keywords Latin AmericaCompanies Bank of Nova Scotia Scotiabank in talks to acquire BBVA Chile Alexandra Posadzki Scotiabank takes 51% controlling interest in Peru’s Banco Cencosudlast_img read more

Report predicts robo AUM will surpass US$1 trillion within 5 years

first_img Wealthsimple raising $750 million in latest financing deal, valuation hits $5 billion Wealthsimple sells U.S. biz to Betterment Assets on U.S. digital investment management platforms were estimated to be around US$257 billion at the end of 2018, a report from research firm Aite Group says. And that number could grow five-fold in the next five years.Client assets under management on robo-advice platforms will reach $1.26 trillion by 2023, the firm estimates. While “the hype around this industry trend has been a bit inflated,” a release said, “solid growth opportunities lie ahead for firms that can leverage their brand, market reach, and technical capabilities.” Canadian robo-advisor Wealthsimple manages $4.5 billion for more than 150,000 clients globally. The firm announced $100 million in new funding this week led by Allianz X, the digital investment unit of German company Allianz Group.Earlier this month, Nest Wealth acquired software company Razor Logic Systems, which provides banks, investment firms and independent advisors with a platform to generate financial plans for clients.The full Aite Group report is available for purchase here. BMO’s adviceDirect launches premium service Keywords Robo-advisorsCompanies Nest Wealth Asset Management Inc., Wealthsimple Inc. Related news Facebook LinkedIn Twitter African american business man using a tactile tablet over white background - Black people sam74100/123RF IE Staff Share this article and your comments with peers on social medialast_img read more

Former Wells Fargo exec sanctioned

first_img James Langton Judge gavel, scales of justice and law books in court flynt/123RF Mouth mechanic turned market manipulator Regulators must avert looming irrelevance: IAP Incentive conflicts, regulatory burdens on AMF agenda Share this article and your comments with peers on social media Back in January 2020, the OCC filed charges against Strother and four other senior executives at the bank, seeking to hold them responsible for the bank’s business model, which it alleged was the “root cause” of misconduct at the bank — including opening accounts without consent, and obtaining consent through deceit.The regulator said that the bank’s business model “imposed intentionally unreasonable sales goals and unreasonable pressure on its employees to meet those goals and fostered an atmosphere that perpetuated improper and illegal conduct.”As part of the settlement, Strother agreed to cooperate with the OCC in any other enforcement action involving sales practices misconduct at the bank.Last year, the regulator settled six other cases with Wells Fargo executives. Keywords Enforcement,  Sales practices,  Regulation,  U.S. The former general counsel at U.S. banking giant Wells Fargo has been fined for his role in a fake account scandal.The U.S. Office of the Comptroller of the Currency (OCC) announced it settled with former Wells Fargo executive James Strother, assessing a US$3.5-million penalty against him and imposing a personal cease and desist order. Related news Facebook LinkedIn Twitterlast_img read more