Markets

LiteFinance, a brokerage platform offering retail services for financial assets such as forex and contracts for difference (CFD), halted trading for 14 cryptocurrency pairs. The development happened around the same time exchange giant Binance halted spot trading. LiteFinance suspend 14...

Citizens Financial Group is working on placing a bid for the acquisition of Silicon Valley Bank. Silicon Valley Bank was shut down by US regulators earlier this month amid liquidity concerns. Regulators have since been looking for ways to liquidate...

Do Kwon, the founder of the Terra Luna ecosystem, which collapsed in May last year and triggered a chain of collapses in the crypto sector, is facing fraud charges by US prosecutors. The charges follow Do Kwon’s arrest in Montenegro....

Several US lenders have faced a financial crisis triggered by increased customer withdrawals. The situation was triggered by the collapse of Silicon Valley Bank and Signature Bank earlier this month. The situation triggered weakness in some of the small regional...

The Federal Reserve hiked interest rates by 25 basis points on Wednesday. During the Federal Open Market Committee (FOMC) meeting, the Fed also hinted at pausing further hikes following the recent turmoil in the US financial industry after the collapse...

Robinhood Markets, one of the leading social trading platforms, has announced a partnership deal with Capitalize. The partnership will support the rolling over of retirement accounts by allowing traders to locate and transfer their existing 401(k) retirement accounts into Robinhood’s...

The CEO of Citigroup, Jane Fraser, has said that she is confident with the US banking system. Her remarks come after several bank closures in the United States and the crisis at Credit Suisse lowered confidence in the global banking...

Broadridge Financial Solutions, one of the largest fintech companies, has announced a partnership deal with Apex Silver. The deal seeks to offer comprehensive solutions for cost-basis processing. The two companies will also report tax information for the financial service sector....

Gainy, a retail trading platform based in San Francisco, has announced a partnership deal with DriveWealth. Gainy is a platform that is focused on Gen Z and millennial investors. Gainy will give its customers access to autopilot trading through a...

The US Securities and Exchange Commission (SEC) has said that DailyFX is barred from soliciting investments from investors. The SEC has added DailyFX to the Public Alerts: Unregistered Soliciting Entities (PAUSE) list. SEC bars DailyFX from soliciting investments The PAUSE...

The Secretary for Financial Services and the Treasury in Hong Kong, Christian Hui, has revealed that over 80 crypto companies want to expand their operations to Hong Kong. These firms are seeking the appropriate license to commence their operations in...

The Cyprus Securities and Exchange Commission has withdrawn the Investor Compensation Fund (ICF) membership from three Cyprus Investment Firms (CIFs) that are no longer operational. The CIF licenses for the three CIFs had already been withdrawn. CySEC withdraws ICF membership...

OANDA, one of the leading players in the multi-asset retail trading sector, has expanded its contracts for difference (CFDs) offerings. The brokerage company will now offer CFDs beyond European equities, with the new offerings including some of the leading stocks...

A US government official has said that the deposit outflows leaving most regional banks over the past two weeks have since slowed down. A large number of deposit outflows was witnessed after the collapse of Silicon Valley Bank, which raised...

The chairman of UBS, Colm Kelleher, has announced that the bank will be acquiring its rival, Credit Suisse. The acquisition deal was brokered by Swiss authorities, and it was announced on Sunday. This deal aims to boost confidence in the...