FX and CFDs broker Conotoxia launches investment bank advisory services
Conotoxia is expanding its current forex and contracts for difference (CFD) offering. The retail trading division has unveiled new investment bank advisory services using a low entry threshold. The service will be available to retail traders operating from Europe. Conotoxia...
Saudi National Bank appoints a new chairman after Credit Suisse’s losses
The Saudi National Bank has appointed a new chairman. The appointment comes after the bank recorded significant losses on its investment. Saudi National Bank was the largest shareholder in Credit Suisse, which UBS Group recently acquired. Saudi National Bank appoints...
Ripple-SEC verdict is coming, and the crypto industry expects it to bring the “alt season”
Ripple’s legal battle against the US SEC is coming to a close after more than two years since the regulator originally filed the lawsuit. With the verdict around the corner, investors are looking to the futures market tied to XRP,...
SushiSwap CEO answers questions about the SEC subpoena he received
Jared Grey, the CEO of the SushiSwap decentralized exchange, stated recently that he no longer feels inspired following a wave of regulatory crackdowns aimed at digital currency platforms. The regulators have been cracking down on centralized and decentralized exchanges, including...
Pepperstone UK reports a 128% increase in revenues
The UK division of Pepperstone, a forex and contracts for difference (CFDs) provider, has reported a 128% revenue increase. The broker's revenues hit £4.6 million by the end of the 2022 financial year, ending on June 30. Pepperstone UK reports...
LiteFinance halts trading for 14 crypto pairs as Binance reports glitch on its platform
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 places a bid for SVB Private
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...
US court indicts Do Kwon on fraud charges after his arrest
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....
US banking giants urge employees not to aggravate the situation with smaller banks
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...
US Federal Reserve delivers a 25 basis point hike amid banking turmoil
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 partners with Capitalize for seamless 401(k) rollovers
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...
Citigroup CEO says there is no credit crisis despite the failure of US banks
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 partners with Apex to improve tax experience for wealth managers
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 partners with fintech firm DriveWealth for autopilot trading
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...
SEC says DailyFX is illegally soliciting investments from investors
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...