Markets

Facebook's parent company, Meta, has announced that it will be laying off an additional 10,000 employees. Meta had already laid off around 13% of its workforce in the fall, and it has become the largest Big Tech firm to announce...

eToro, a social trading network based in Israel, has lowered the leverage that can be taken on new trading positions within the banking sector. Traders on the platform have been limited to maximum leverage of X1. The trading platform attributed...

First Republic, a private bank based in the United States, has revealed that it obtained additional financing through JPMorgan Chase & Co. The additional funding gave the bank access to $70 billion worth of funds. First Republic gets additional financing...

Authorities in the United States announced a series of emergency measures that could be taken to boost confidence in the US banking system. The authorities are taking these measures to boost confidence in the banking industry after the demise of...

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...