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2018: the year that the FAANGs got defanged

The Faangs (Facebook, Amazon, Apple, Netflix, and Google-owner Alphabet) have been the darlings of the stock market for years. These tech giants have helped to change how we shop, communicate, work – even how we watch movies. But as they have grown in size, fears have also grown, especially
Money

888 goes all in for strong full-year results

Online gambling firm 888 today said it remains confident its full-year earnings are on track as it looks to move into the US market. In a pre-close trading update the company said it had delivered positive trading in the second half of the year due to an ongoing focus on product enhancement. Shares in 888 were up over seven per cent this morning after the update. Chief
Money

Estonia arrests 10 in Danske Bank money laundering case

Ten people have been detained in Estonia relating to the Danske Bank money laundering investigation, the country's state prosecutor said yesterday. Danske Bank is currently facing probes from Estonian, Danish, British and US authorities over an alleged €200bn (£180bn) money laundering scandal involving so-called non-resident clients at its Estonian branch between
Money

Singapore bans ex-Goldman Sachs banker for life after 1MDB scandal

Singapore has banned a former Goldman Sachs director from the countrys securities industry for life after he admitted to criminal charges connected to the 1MDB scandal. Tim Leissner was banned by authorities for 10 years in 2017 but has been hit with a lifetime ban after he pleaded guilty in the US to conspiracy to commit money laundering, the Monetary Authority of