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Singapore Forex Traders Admit Cheating On Deutsche Bank, HSBC

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follow the latest news about business from different sites most famous technicals /Oscar Williams-Grut by 2017-01-18 at 21:31

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Deutsche Bank, HSBC, KBC, Natixis, Rabobank, Société Générale and UniCredit work on Digital Trade Chain (DTC)

Deutsche Bank, HSBC, KBC, Natixis, Rabobank, Société Générale and UniCredit work on Digital Trade Chain (DTC)*/

– Seven major banks have signed up to a new project aimed at increasing global trade among small and medium-sized businesses using blockchain, or distributed ledger, technology.Deutsche Bank, HSBC, KBC, Natixis, Rabobank, Société Générale and UniCredit have all signed up to a Memorandum of Understanding, signalling that they will work together to develop and commercialize a new product called Digital Trade Chain (DTC).All the banks participating in the DTC project are equal investors and have each put in a six-figure sum.
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Ex-Traders in Singapore Guilty of Cheating Deutsche Bank, HSBC

Ex-Traders in Singapore Guilty of Cheating Deutsche Bank, HSBC*/

– Two former currency traders from Deutsche Bank AG and HSBC Holdings Plc were convicted of cheating the banks by making false trades.Former HSBC senior dealer Ivan Chng and ex-Deutsche Bank trader Toh Hway Khuan pleaded guilty in separate hearings in Singapore’s High Court on Wednesday.The men both admitted to using their banks’ accounts in 2009 to get preferential rates on the dollar.
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Deutsche Bank, HSBC and five other big banks collaborate on Digital Trade Chain

Deutsche Bank, HSBC and five other big banks collaborate on Digital Trade Chain*/

– Seven large banks are collaborating on a blockchain-based trade finance and supply chain platform called Digital Trade Chain (DTC), which aims to make domestic and cross-border commerce easier for European small and medium-sized enterprises (SME).Deutsche Bank, HSBC, KBC, Natixis, Rabobank, Société Générale and UniCredit have signed a Memorandum of Understanding in Brussels to build the DTC, which is based on a supply chain proof-of-concept originated by KBC.DTC, which won the Efma Accenture Innovation Award for best new product or service of 2016 in October last year, is intended to seamlessly connect the parties involved in a trade transaction (buyer, buyer’s bank, seller, seller’s bank and transporter), online and via mobile devices, said a statement.
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Singapore Forex Traders Admit Cheating On Deutsche Bank, HSBC

Singapore Forex Traders Admit Cheating On Deutsche Bank, HSBC*/

– Photo: BloombergTwo former currency traders from Deutsche Bank and HSBC Holdings who were charged in Singapore earlier this month for allegedly cheating their employers by making false trades have admitted their wrongdoings, as per a Bloomberg report.To unlock the Asian market, register now to the iFX EXPO in Hong KongFormer Deutsche Bank trader Toh Hway Khuan and HSBC senior dealer Ivan Chng have pleaded guilty in separate hearings today.Both have admitted to using their banks’ accounts in 2009 to get preferential rates on the dollar.
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