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An Alternative May Exist for the High Interest Rates while Exchanging Foreign Currencies

An Alternative May Exist for the High Interest Rates while Exchanging Foreign Currencies

Kristo Kaarmann and Taavet Hinrikus may well have invented a system, which can put serious threat to renowned banks when it comes to foreign exchange. Owing to a bank’s high fees, the duo invented a simple and traditional alternative to financial exchange. The concept of money is transforming every day. Gone are those when cheques […]

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Trading Forex is No More Dangerous than Trading in Futures

Trading Forex is No More Dangerous than Trading in Futures

The risks of trading in foreign exchange is a trending topic in the media where there are pundits stating that risk taking is one of the many features of the forex market. Apart from this, there have also been statements about the savings accounts getting crashed and damaging trading decisions taken because of extreme leverage. […]

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In a Shocking Outcome, Bank of England Dismisses its Forex Chief

In a Shocking Outcome, Bank of England Dismisses its Forex Chief

The chief currency dealer of the Bank of England (BoE), Martin Mallett was fired in what proved to be shocking news for many out there. There are charges of more than 20 breaches in the bank protocol. This was unearthed during a grilling of the Parliament as to how much the bank knew about this […]

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Royal Bank of Scotland Suspends Two Employees in the Wake of the Ongoing Forex Probe

Royal Bank of Scotland Suspends Two Employees in the Wake of the Ongoing Forex Probe

It has been a rough time for the six banks that were involved in the foreign exchange scandal. One of these six major international banks is Royal Bank of Scotland, which has suspended two more employees during the investigation in the forex scandal. The shares of RBS dropped by 1% after the incident. Before this, […]

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UK House Prices Fall for Second Month in a Row-Boon or Bane?

UK House Prices Fall for Second Month in a Row-Boon or Bane?

House prices in England fell by a considerable amount for second month in a row. This is a very good sign as per the economists. The price fall of last month was the first of its kind since the boom that started in 2013. This is a very good indication for the economy as it […]

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Independent Scotland or a Formal Monetary Union-The Debate is On…

Independent Scotland or a Formal Monetary Union-The Debate is On…

While George Soros, the billionaire financier is of the opinion that an independent Scotland may not be such a good idea as it could be potentially dangerous, the Adam Smith professor of political economy at the Glasgow University, Ronald MacDonald feels otherwise. He feels that a new currency seems to be the only feasible economic […]

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Is Bitcoin a Currency…What Goldman Sachs Feels?

Is Bitcoin a Currency…What Goldman Sachs Feels?

Founded in January 2009, Bitcoin is a digital currency. It’s basically a protocol and an open-source software that allows immediate peer to peer transactions across the globe. The best part is that there are no processing fees, and if at all there are any fees, they are so minimal that you’ll ignore them. Bitcoin became […]

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