Markets

European banks are focusing on bespoke deals with investors to mitigate the risks of multi-billion euro loan portfolios and boost their financial strength. The "significant risk transfer" transactions are common, private, and bilateral. However, the data on the deals is...

The crypto industry has just lost yet another very popular platform that has been serving customers around the world for years — Paxful. The P2P cryptocurrency marketplace announced that it is suspending operations yesterday, April 4th. The platform’s CEO, Ray...

AMC Entertainment Holdings recently saw a strong crash of the value of its shares, which went down by 24% in extended trade this Monday, April 3rd. Meanwhile, the price of the company’s preferred shares, under the symbol APE, went up...

Bob Iger, the CEO of Walt Disney Co, recently had a clash with Florida Republican Governor Ron DeSantis. After Disney recently tool a position on legislation, the Governor allegedly retaliated against the company, and now, Disney’s CEO fired back, calling...

According to recent reports, Germany’s accounting watchdog, APAS, has issued a fine against EY, a company that served as Wirecard’s auditor between 2016 and 2018. EY received a 500,000 EUR ($541,650) fine in the aftermath of the Wirecard scandal. On...

UBS recently decided to make a sudden and rather rushed acquisition of one of its largest rivals, Credit Suisse. However, the executives seem to have underestimated the potential backlash that would come from the move. Not only did they anger...

In its recent announcement, an independent provider of historical Level 3 data and analytics, BMLL, revealed that it had made a move to expand its data coverage. The company, which offers data and analytics for global equity and futures markets,...

Twitter recently announced that it would begin winding down its legacy verified program and removing legacy verified checkmarks. This means that a number of accounts have lost the checkmark on April 1st. However, the social media platform has allowed users...

SVS Securities was a company that provided trading services in CFDs, stocks, IPOs, corporate finance, and more, and it was regulated and authorized by the FSA (Financial Services Authority). However, in August 2019, the company was placed under special administration...

Ethereum’s new Shanghai upgrade is promising a number of new opportunities for the crypto community, as well as for businesses of the crypto industry. One example of this comes from a Dubai-based crypto exchange Bybit, which revealed that it launched...

Asian countries are coming up with new, faster, and simpler ways of making international payments, fully adopting new financial technologies. The newest example of this includes the central banks of Malaysia and Singapore, which launched a unified Quick Response (QR)...

Rocket-making company Virgin Orbit Holdings recently announced some bad news, revealing that it has to lay off 85% of its staff. The company revealed yesterday, March 30th, that this is necessary as it was not able to raise new investments....

Yesterday, March 30th, China responded to the US Treasury Secretary’s recent remarks about its lending activities, calling such statements irresponsible and unreasonable. The statement that the country addressed was actually a criticism of Beijing’s lending practices. Yellen remarked that China’s...

Wells Fargo & Co is finally going to resolve an old and lengthy case by paying a $97.8 million fine for inadequate oversight of its compliance risks. Due to its poor practices, the company ended up violating US sanctions against...

An investigation by the US Senate Finance Committee has revealed that troubled Swiss bank Credit Suisse breached a 2014 plea deal agreement with the US Department of Justice. The investigation lasted for two years, with the report showing that the...