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CALIFORNIA BANCORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of California BanCorp - CALB

Retrieved on:

月曜日, 5月 13, 2024

Class Action Lawsuit, Professional Services, Legal, SCB, BCAL, KSF, Sale, Bank

and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of California BanCorp (the “Company”) (NasdaqGS: CALB) to Southern California Bancorp (“SCB”) (NasdaqCM: BCAL).

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and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of California BanCorp (the “Company”) (NasdaqGS: CALB) to Southern California Bancorp (“SCB”) (NasdaqCM: BCAL).
Under the terms of the proposed transaction, shareholders of California BanCorp will receive 1.590 shares of SCB for each share of California BanCorp that they own.
KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com .

Extraordinary Vietnam fraud case exposes the inherent vulnerabilities of banks

Retrieved on:

木曜日, 4月 25, 2024

Research, Corruption, Risk, Death, SCB, Fraud, Lan, Probability, Drug

On April 11 2024, a businesswoman

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On April 11 2024, a businesswoman
in Vietnam was sentenced to death for taking out US$44 billion (£35bn) in fraudulent loans from one of the country’s biggest banks.
By using hundreds of shell companies (among other methods) she ended up owning more than 90% of the bank.
But on a basic level, this extraordinary case of fraud exposes the inherent vulnerabilities of banks, which use deposits to fund loans.
The scale of fraud and corruption that took place at SCB highlights the devastating impact that a corrupt environment can have on the financial sector.
This idea is backed up by research which suggests that corruption is not always economically destructive, but can in fact play a supportive role.

Corrupting influences

In some cases then, corruption can lead to businesses and institutions functioning more efficiently. Projects get started, jobs are created, contracts are awarded. Things get done.

While financial regulation which targets corruption may be effective, when authorities have too much regulatory power, this can breed corrupting practises.
Research suggests that it brings about opportunities to receive payment for regulatory favours, subsidies and government contracts.
As a result, an extreme case such as the one observed in Vietnam is unlikely to unfold in the west.

George Kladakis does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

$1.8 Trillion in Crypto is at Risk; Station70 Fixes That

Retrieved on:

火曜日, 4月 2, 2024

Trust, Risk, Life, Knowledge, Organization, SCB, Cryptocurrency

Bunker is Station70’s digital asset key backup and recovery solution that is agnostic to protocols, blockchains, and wallet providers offering flexible tiering options based on clients’ needs.

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Bunker is Station70’s digital asset key backup and recovery solution that is agnostic to protocols, blockchains, and wallet providers offering flexible tiering options based on clients’ needs.
This is ultimately an existential risk to the industry as a significant amount of assets remain vulnerable today,” said Adam Healy, CEO and Co-founder of Station70 .
“Having seen this problem first-hand after 7 years in crypto and hundreds of conversations across the industry, Dr. Everspaugh and I built Station70.
In the simplest terms, Station70 protects all self-custody assets with 5 clicks.”
“Custody and key management are critical infrastructure categories in the digital asset industry.

Gate Group Expands Its European Presence with Italy VASP Registration

Retrieved on:

水曜日, 3月 20, 2024

Gategroup, VASP, OAM, DLT, SCB, AUSTRAC, Cryptocurrency

Gate.MT , the Malta-regulated company of Gate Group, recently announced its successful VASP registration with Italy's Organismo Agenti e Mediatori (OAM) through its Italian subsidiary Gate Technology Italia SRL.

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Gate.MT , the Malta-regulated company of Gate Group, recently announced its successful VASP registration with Italy's Organismo Agenti e Mediatori (OAM) through its Italian subsidiary Gate Technology Italia SRL.
This registration follows a series of other regulatory registrations, licenses, and approvals in jurisdictions worldwide as part of Gate Group's global expansion.
Complete registration details are available through the OAM registry under the registration number PSV150 .
As its world-class services reach more users globally, Gate Group remains dedicated to exceeding expectations and providing an unparalleled digital asset experience.

Spacely AI Raises Pre-Seed Funding From SCB 10X and Launches Spatial Design APIs

Retrieved on:

木曜日, 3月 7, 2024

Investment, Senior, Index Living Mall, API, Generative, Life, Business development, Synthetic media, Enterprise, Creativity, SCB, Partnership, Dairy

The funding will fuel Spacely AI's mission to empower everyone with the opportunity to design their own success and position Spacely AI as the go-to platform in spatial design.

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The funding will fuel Spacely AI's mission to empower everyone with the opportunity to design their own success and position Spacely AI as the go-to platform in spatial design.
"SCB 10X is proud to back Spacely AI and their mission to unlock productivity and creativity for designers.
"The backing from SCB 10X is a partnership that aligns with our vision to transform the spatial design landscape.
Join Spacely AI in this exciting journey to redefine spatial design with Generative AI.

FP Markets Partners with Industry-Leading Platform Provider TradingView

Retrieved on:

金曜日, 1月 19, 2024

Commodity, FSC, Capital market, Securities commission, ASIC, Digital, Investment, Partnership, Capital Market Authority, MT4, SCB, Bond, Contract for difference, CMA, Financial Services Commission, Financial services

SYDNEY, Jan. 19, 2024 /PRNewswire/ -- To meet the ever-evolving demands of traders and investors, leading Forex and CFDs broker FP Markets has announced a new partnership with TradingView. Clients with an active Trading Account at FP Markets can now leverage TradingView's cutting-edge charting solutions.

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SYDNEY, Jan. 19, 2024 /PRNewswire/ -- To meet the ever-evolving demands of traders and investors, leading Forex and CFDs broker FP Markets has announced a new partnership with TradingView .
FP Markets CEO Craig Allison commented 'We are delighted to partner with TradingView.
To get started with TradingView at FP Markets, clients can simply open a live Trading Account and create a TradingView Account.
Once both accounts have been created, clients can link them together and start using TradingView to trade on the FP Markets platform.

FP Markets Partners with Industry-Leading Platform Provider TradingView

Retrieved on:

金曜日, 1月 19, 2024

SYDNEY, Jan. 19, 2024 /PRNewswire/ -- To meet the ever-evolving demands of traders and investors, leading Forex and CFDs broker FP Markets has announced a new partnership with TradingView. Clients with an active Trading Account at FP Markets can now leverage TradingView's cutting-edge charting solutions.

Key Points:

SYDNEY, Jan. 19, 2024 /PRNewswire/ -- To meet the ever-evolving demands of traders and investors, leading Forex and CFDs broker FP Markets has announced a new partnership with TradingView .
FP Markets CEO Craig Allison commented 'We are delighted to partner with TradingView.
To get started with TradingView at FP Markets, clients can simply open a live Trading Account and create a TradingView Account.
Once both accounts have been created, clients can link them together and start using TradingView to trade on the FP Markets platform.

Quadcode Markets Introduces Trailing Stop, An Adaptive Alternative To Stop-Loss

Retrieved on:

水曜日, 1月 17, 2024

ETF, Stop loss, Movement, Securities commission, CFD, SCB, Road

Distinguishing itself from traditional Stop-Loss orders, the Trailing Stop dynamically adjusts its position relative to the current market price.

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Distinguishing itself from traditional Stop-Loss orders, the Trailing Stop dynamically adjusts its position relative to the current market price.
For example, in a long position, the Trailing Stop follows the upward movement of the CFD asset's price, maintaining a preset distance.
Traders on Quadcode Markets can tailor the Trailing Stop based on either absolute distance values or as a percentage.
Quadcode Markets operates globally, standing out due to a number of features:
Tailored User Interface: Quadcode Markets boasts its own trading platform for CFD trading.

Exactech Publishes New Machine Learning Research That Evaluates Fairness and Accuracy of AI Predictions

Retrieved on:

月曜日, 11月 27, 2023

View the full release here: https://www.businesswire.com/news/home/20231127072917/en/

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View the full release here: https://www.businesswire.com/news/home/20231127072917/en/
Exactech Publishes New Machine Learning Research That Evaluates Fairness and Accuracy of AI Predictions (Graphic: Business Wire)
“This new machine learning study is important because it proposes a new statistical test methodology to evaluate the fairness of AI predictions,” said Chris Roche, Exactech’s Sr. Vice President, Extremities, “and because it establishes the clinically relevant criteria that determine acceptable differences in prediction accuracy between shoulder arthroplasty patients of different demographic status.
Comparing differences in accuracy between patient groups, the authors were able to identify precisely which patient groups received fair predictions and which patient groups received unfair predictions.
“Bias in AI clinical predictions can adversely impact decision making,” said Vikas Kumar, Exactech’s Vice President of Machine Learning.
As a result, it is critical to train and evaluate machine learning prediction tools against diverse datasets that are representative of all potential patients.

FP Markets Awarded FX Broker Licence in Kenya by the Capital Markets Authority (CMA)

Retrieved on:

水曜日, 12月 6, 2023

SYDNEY, Dec. 5, 2023 /PRNewswire/ -- In a move that further reinforces its position as a truly global online Forex and CFDs broker, FP Markets has announced that it has been granted a non-dealing Foreign Exchange Broker License by the Capital Markets Authority (CMA) of Kenya for its locally formed subsidiary FP Markets Limited.

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SYDNEY, Dec. 5, 2023 /PRNewswire/ -- In a move that further reinforces its position as a truly global online Forex and CFDs broker, FP Markets has announced that it has been granted a non-dealing Foreign Exchange Broker License by the Capital Markets Authority (CMA) of Kenya for its locally formed subsidiary FP Markets Limited.
The Kenya regulation adds to FP Markets' regulatory footprint in Africa having received a regulatory licence from the Financial Sector Conduct Authority (FSCA) of South Africa on 10 May 2022 as it continues to strengthen its global regulatory presence across multiple continents.
Craig Allison, FP Markets CEO commented on the news adding 'We are thrilled to have been granted the licence by the CMA.
Additionally, FP Markets deliver Consistently Tight Spreads , Rapid Execution, Unmatched 24/7 Multilingual Customer Support , and various Account Types to suit all trading strategies and styles.