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Accounting News & Issues

News that global investment bank Goldman Sachs is to begin using its own money to trade cryptocurrency has emboldened the sector with expectation that it will pave the way for wider adoption in Wall Street. The new trading operation will take a cautious approach to trades and will not initially...
Spanish banking giant BBVA has completed a series of international money transfer tests using the cryptocurrency Ripple and reports "significant progress" towards wider implementation. BBVA completed the first real-life implementation of an international money transfer using Ripple’s new Distributed Ledger Technology (DLT). The transaction, running on BBVA infrastructures with real money,...
Danish telecoms operator TDC has seen its share price rocket after the firm received an unsolicited bid from three pension funds and investment bank Macquarie. The firm’s board rejected the offer of DKr47 per share and saw shares rise 14.6 per cent on Thursday morning to DKr42.82. “Very interesting that a...
Film production company EuropaCorp has “started discussions with various financial and/or business partners in order to reinforce its financial capacities.” The firm setup by legendary French director Luc Besson has been weighing its options as it struggles under recent losses, stemming in part from a costly gamble on 2017’s Valerian And...
Authorities from the United Kingdom and the European Union have failed to reach an anticipated deal for Brexit despite "significant progress" on key outstanding issues, as the Irish border reportedly remains a sticking point. “It was not possible to reach a complete agreement today,” European Commission President Jean-Claude Juncker said...
Dutch banking group ING is reported to be implementing cryptocurrency XRP developed by Californian FinTech firm Ripple for international payments. The unconfirmed plans would pave the way for the bank to reduce reliance on held funds in nostro accounts in various currencies, easing pressure on the balance sheet and favouring...