Article: Investors accuse Elon Musk of market manipulation, launches a new meme cryptocurrency – $STOPELON

Article - Media, Publications

Investors accuse Elon Musk of market manipulation, launches a new meme cryptocurrency – $STOPELON

Afroz Ahmad, 25 May 2021

On his social media pages, billionaire Elon Musk has repeatedly endorsed cryptocurrencies. However, he seems divided regarding whether he is actually a supporter, especially after the recent market crash.

Many have appreciated his support for digital assets like Dogecoin and bitcoin. On the other hand, many people have accused him of manipulating the crypto market using his position and his huge following. Some crypto enthusiasts want Elon to stop tweeting about the subject, and focus more on building cars instead. As they are running a somewhat campaign against the CEO of Tesla. Continue reading “Article: Investors accuse Elon Musk of market manipulation, launches a new meme cryptocurrency – $STOPELON”

Article: Danske could absorb $3.3B money-laundering fine and still hit own CET1 target

Article - Media, Publications

Danske could absorb $3.3B money-laundering fine and still hit own CET1 target

Sanne WassRehan Ahmad,  29 March 2021

Danske Bank A/S’ capital levels and projected first-quarter earnings imply that it could withstand a money-laundering fine of 20.9 billion kroner, or $3.3 billion, today and still achieve its management common equity Tier 1 ratio target of 16%, according to S&P Global Market Intelligence estimates.

Even a penalty of more than double that size would still leave Denmark’s largest lender above its current regulatory requirement, the analysis found. “There is a long way to go before the fine becomes an issue for the bank’s capital ratio,” said Jyske Bank equity analyst Anders Vollesen in an interview.

Danske’s material capital buffer is driving down risk associated with the outcome of its Baltic dirty money scandal, according to analysts, with some even seeing scope for distribution of excess capital to shareholders through generous dividends or share buybacks once the case is settled. Continue reading “Article: Danske could absorb $3.3B money-laundering fine and still hit own CET1 target”