Santander (SAN.MC) owns the majority stake in Ebury. At a funding drive last year, it increased this control to 67%. Presently, Ebury, a UK-based firm, is valued at £900m. Ebury specialises in payments, cash management, and business-based trade finances. Lobato further said the company’s latest financial results, which will be published soon, reflect spiked growth.…
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The dollar index retreated by 0.2% to reach 104.85, its lowest point in over six weeks, following a substantial 1.4% drop last week. In contrast, the euro saw a 0.2% increase, reaching a 7.5-week high at $1.0756. Several factors contributed to the dollar's decline. These included the weakening US job market, softer manufacturing statistics, and…
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Experts note the mentioned platforms help customers to analyse and engage with different markets. It also boosts their ability to make changes when and where needed in the ever-changing trading landscape. On its website, Vida Markets indicates the new tools will help its customers trade across multiple assets on the world’s favourite MT4 and MT5…
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The once self-proclaimed crypto king saw his greed-fuelled empire crumble in November 2022. Once valued at $32bn, FTX was a leading cryptocurrency exchange. A 12-member jury found Bankman-Fried guilty on all charges. These included siphoning funds to the cryptocurrency-based hedge fund, Alameda Research, using customer funds for personal gains, and funding political campaigns in an…
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The broker, established in 2005 as a multi-regulated brand with over 10,000 tradable instruments available to clients, noted that the redesigned interface aims to improve user experience, thus providing investors with greater control when trading and watching forex pairs. Don’t miss out the latest news, subscribe to LeapRate’s newsletter The Client Portal's interface has undergone…
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Between 6 October and 7 November, the ministry had planned to purchase foreign currency to combat lower oil and gas earnings, worth approximately 398.7bn roubles; however, the ministry’s new decision seems that the postponement may continue throughout the early months of 2024. On Thursday, the rouble registered as 93:1 USD following sanctions made by the…
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Carlesi brings 15 years of experience to the table, having previously held senior positions at Deutsche Bank, Barclays, McKinsey & Co., and Bridgepoint Capital. Revolut indicated to CBNC Tech that the appointment has nothing to do with its application for a UK banking licence. This licence will enable Revolut to offer lending products, such as…
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Studies indicate roughly 6.5 billion male chicks are killed annually. Globally, this practice ruffles the feathers of animal lovers and activists alike, as only egg-laying hens are needed in the industry. Ovo aims to cull this practice with its technology. Don’t miss out the latest news, subscribe to LeapRate’s newsletter In its press release, the…
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The platform was permitted entry to the registry on Tuesday and was approved by noon on Wednesday to engage in certain cryptoasset activities as stated by the FCA. Recently, the FCA declared that companies offering crypto services in the UK must be approved for registration and comply with the FCA's anti-money laundering rules, or charges…
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British Business Bank (BBB), which administered the government pandemic loan schemes, removed guarantees with a total value of £979m. The bank quoted data corrections, application mistakes, and double funding as some of the reasons for this move. At the onset of the pandemic, the UK government put different loan schemes in place in an attempt…
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