Markets

The Business Development Bank of Canada (BDC) is spearheading sustainability efforts by businesses. The bank has a team dedicated to creating solutions and supporting sustainable projects for entrepreneurs across Canada to ensure they have access to a low-carbon economy. BDC...

The Bank of Spain has registered the eToro multi-asset investing platform as a virtual asset exchange. The regulator approved eToro’s registration to serve as a service provider of virtual currency and electronic wallet custody services. The registration is a major...

A new payment system launched by the Federal Reserve known as FedNow was launched last week. This service targets banks and credit unions, allowing them to transfer money instantly at any time. According to the CEO of Plaid, Zach Perret,...

Banking giant Goldman Sachs is considering exiting the partnership deal that it has with Apple. The partnership between Goldman Sachs and Apple started in 2019, with the two institutions announcing plans to release a virtual credit card. Goldman Sachs to...

The Republic of Palau has announced a partnership deal with Ripple for the pilot of the USD-backed Palau stablecoin. This stablecoin will be issued on XRP Ledger, with the goal being to foster privacy and security in settlements and liquidity...

The Fintech Open Source Foundation (FINOS), the foundation fostering open innovation in the financial services industry, has announced the creation of an open standard project inspired by Citi. The project describes the consistent controls needed to sustain compliant public cloud...

The Business Development Bank of Canada (BDC) is promoting sustainable practices and fostering a focus on climate solutions across the finance industry. BDC is a government-backed institution set to support Canadian companies that are owned by the private sector. BDC...

Virtu Financial has reported a drop in revenues and net trading income during the second quarter of the year. The New York-based electronic market maker has posted financial results that depict a negative performance that mimics that posted by other...

XTB, a forex and contracts for difference (CFD) brokerage company, has reported a net profit of PLN 421 million during the first six months of 2023. The net profits dropped by 12.2% during the first half of the current year...

The UK financial market regulator, the Financial Conduct Authority, is set to effect the new Consume Duty next week. The FCA found that 7.4 million people have unsuccessfully tried to reach out to one or more of their financial service...

Robinhood, a retail stock trading platform, has announced the appointment of Jordan Sinclair as the leader of the company’s UK operations. Sinclair previously served as an executive at UK stock trading platform, Freetrade. Robinhood appoints Jordan Sinclair as CEO amid...

Foreign visitors that are going to China will not have access to a cashless and seamless payment experience. Two of the largest payment apps in China, Alipay and WeChat Pay, have now said that foreign visitors can make payments at...

Interactive Brokers, a leading electronics trading platform, has grown the overnight trading offering to 10,000 stocks and exchange-traded funds that are listed in the US. The move will enable Interactive Brokers to have a vast range of US equities that...

Bunq, which is the second-largest neobank in Europe, has raised an additional €44.5 million worth of growth capital. The raised amount has brought the total capital injection at the neobank in 2023 alone to nearly €100 million. Bunq raises €44.5...

Lloyds Banking Group has announced the closure of 44 new branches at the institution. The announcement comes as several other banks, such as Virgin Money, also announced branch closures. Banks have been witnessing a drop in the number of customers...