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Citadel Securities, XTX Markets join blockchain FX venture Cobalt

Electronic trading houses Citadel Securities and XTX have joined top global banks in signing up to blockchain currency settlement venture Cobalt, they said on Thursday, in what could be one of the first large-scale financial market uses of the technology. More »

Singapore shuts Falcon bank unit, fines DBS and UBS over 1MDB

An empty reception area at Falcon Private Bank office in Singapore October 11, 2016. REUTERS/Edgar Su Singapore’s central bank on Tuesday shut down a second Swiss bank in the city-state and fined banks DBS and UBS in its biggest crackdown on alleged money-laun... More »

Cayman Islands reports second locally transmitted Zika infection

GEORGE TOWN Two people have contracted the Zika virus locally in the Cayman Islands, the health department said on Tuesday, bringing the total number infected by the virus in the Caribbean territory to eight. A woman living in Cayman’s capital George Town firs... More »