Category: Markets

JPMorgan Chase wins bid to acquire First Republic Bank in FDIC auction

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. JPMorgan Chase, PNC Financial Services Group, and Citizens Financial Group submitted final bids for First Republic Bank in an auction conducted by regulators in the United States. JPMorgan has won the bid after… Continue reading JPMorgan Chase wins bid to acquire First Republic Bank in FDIC auction

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FDIC gets ready to place First Republic Bank under receivership

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. The US Federal Deposit Insurance Corporation (FDIC) is preparing to place First Republic Bank under receivership. Reports on this development sent FRC’s shares tumbling, dropping by over 43% on Friday. FDIC could place… Continue reading FDIC gets ready to place First Republic Bank under receivership

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US oil giants Exxon and Chevron report a solid increase in earnings

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Two of the largest oil companies in the US, Exxon Mobil Corp and Chevron Corp, have been making solid revenues from their booming oil and gas operations. However, the two companies are now… Continue reading US oil giants Exxon and Chevron report a solid increase in earnings

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Swiss broker Dukascopy reports a 200% increase in profits

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. A retail forex and contracts-for-difference (CFD) broker and retail banking provider based in Switzerland has released its annual report for the 2022 financial year. In this report, the brokerage company has reported the… Continue reading Swiss broker Dukascopy reports a 200% increase in profits

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Standard Chartered’s Zodia Custody closes a $36 million raise

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Zodia Custody, a cryptocurrency custody platform created by Standard Chartered towards the end of 2020, raised $36 million in a Series A funding round. The funding round attracted the participation of many investment… Continue reading Standard Chartered’s Zodia Custody closes a $36 million raise

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Monex Group posts a 474% increase in pre-tax income

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Monex Group, based in Japan, has released its financial results for the 2023 financial year. The results show a notable drop in revenue and profitability annually. In the results, the company reported a… Continue reading Monex Group posts a 474% increase in pre-tax income

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CME Group posts second-highest quarterly revenues

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. The CME Group has released its results for the first quarter of 2023. The derivatives marketplace reported revenues of $1.4 billion during the first three months of 2023. The reported revenues during the… Continue reading CME Group posts second-highest quarterly revenues

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UK’s FCA detects surveillance gaps for CFD service providers

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. The UK Financial Conduct Authority has reported “gaps in surveillance” among companies offerings contracts for difference (CFD) products. The FCA addressed these gaps in market abuse and manipulation in the latest market abuse… Continue reading UK’s FCA detects surveillance gaps for CFD service providers

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Leading brokerage company XTB posts record profits in Q1 2023

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. XTB, one of the largest online trading platforms, has reported strong results for the first quarter of 2023. The broker had a consolidated net profit of EUR 64.4 million in Q1 2023, a… Continue reading Leading brokerage company XTB posts record profits in Q1 2023

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