Markets

26 January 2023

FCA launches investigations on three money transfer business

The Financial Conduct Authority has revealed that it has started investigations against three money transfer companies operating in the United Kingdom. The regulator noted that these money transfer companies might have violated the Competition Act of 1998. FCA investigates money...

26 January 2023

Compensation sought by FX traders dropped by 17% in 2022

In 2022, there was a 17% drop globally in the total compensation sought by forex traders from brokers. During the same period, the Financial Commission (FinaCom) reported a 76% increase in compensations sought by FX traders from broker members of...

25 January 2023

Leading US banks partner for a digital wallet project

Some of the largest banking institutions in the United States are working together to provide a digital consumer e-wallet. The banks plan for the wallet to account for a significant share of the market currently dominated by some of the...