Markets

State regulators have closed New York-based Signature Bank, marking the third-largest banking failure in the United States. Signature Bank was closed two days after authorities in the country closed Silicon Valley Bank after a run on the bank. New York...

The shares of Credit Suisse dropped to a new record low during the Monday morning trading hours at the Switzerland stock exchange. The plunge comes amid a poor performance of bank stocks across Asia and Europe. Credit Suisse shares drop...

The mutual funds managed by Morgan Stanley, Fidelity, and BlackRock have the highest exposure to the collapsed Silicon Valley Bank and Signature Bank. The US banking sector has been facing a crisis triggered by the collapse of two of the...

The UK is introducing an "economic crime levy" that will be used to support the government's fight against financial crimes and boost its efforts in combating money laundering. The Financial Conduct Authority will collect this levy. UK introduces economic crime...

Moscow Exchange (MOEX) recently published its financial report for 2022, noticing a significant decline in overall fees and commission income, which dropped by 9.8% to RUB 37.5 billion. However, the exchange operator also pointed out that non-residents were cut off...

The Chicago Mercantile Exchange (CME) Group recently reported a record single-day volume in regard to forex futures and options contracts. The company reported 3.15 million contracts, with the new volume being equivalent to $296 billion, according to the Group’s statement,...

This Wednesday, March 8th, a technology provider in the trading industry known as Centroid Solutions announced its new partnership with Dubai Financial Market (DFM). Thanks to the new team-up, Centroid has effectively opened a trading gateway to the financial markets...

According to the French financial regulator, the Autorité des Marchés Financiers (AMF), the regulator has recently conducted a new study that focuses on the examination of activity and standard profile of an average French investor. The study revealed some interesting...

Recently, the Management Board of a CFD and forex broker, XTB, announced its decision to use 50% of the company’s profits in 2022 as dividends for its shareholders. The company, listed on the Warsaw Stock Exchange, published that its estimated...

The recent drop in HIBOR rates has renewed interest in the long-term opportunities for carry trading. Carry trading is a practice in forex trading where traders look to earn income from the differentials in interest rates. The gap between HIBOR...

Droit, a US regtech company, has raised $23 million in a Series B funding round. The funding round was led by Pivot Investment Partners and UBS Next. The company’s existing investors, such as Goldman Sachs, also participated. Droit raises $23M...

South Korea has been cracking down on the virtual asset industry to ensure that all players comply with the existing regulatory framework. In 2022, the Korea Customs Service detected 15 cases of illegal foreign exchange transactions used for speculative purposes...

Tech giant Meta has received approval from the Central Bank of Brazil to release a new feature for WhatsApp business payments. The new feature will allow customers to buy items from small businesses through the messaging service and make payments...

Advanced Markets Group has announced the integration of the solutions offered by FXCubic. The latter is a low-latency liquidity aggregator and price management service provider. This integration is expected to enable Advanced Markets to boost its liquidity offerings. Advanced Markets...

The Chief Executive Officer at the Bank of America, Brian Moynihan, has predicted that the US economy would potentially reach a technical recession from the third quarter of this year. Moynihan said that a US recession would not be severe,...