In a Tuesday report, the bank confirmed profit losses as it announced renewed cost-cutting initiatives. Barclays did not rule out job cuts as part of this drive to boost its profits. Regarding the company’s Q3 performance, the Group’s chief executive officer (CEO), CS Venkatakrishnan, said: We delivered an 11.0% RoTE in Q3, against a mixed…
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At present, traditional banks use mainframes with outdated programming languages. Not only does this create potential technological pitfalls, but it also makes it a challenge to hire younger employees who are qualified and equipped with recent knowledge and experience. Approximately 410,000 customers, who are mostly new to UniCredit, use the Buddybank service. All the institution’s…
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While Tickmill has always been at the forefront of safeguarding client assets, this latest initiative introduces an additional layer of protection, one that sets it apart from many brokers in the market. The insurance policy, brokered with the prestigious Lloyd's, is a testament to Tickmill's dedication to its clients' funds protection. Tickmill already has…
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The dollar index, which measures the US currency against its major peers, was bolstered by the Euro's decline, marking a 0.33% uptick to 105.95, recovering from an earlier dip to 105.35, the lowest since September 222. On the other hand, the Euro's performance was not as robust, with a noted rise of only 0.47% to…
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Often described as a pandemic champ and worthy competitor to digital payment giants such as PayPal (PYPL) and Stripe, Adyen suffered the brunt of this decline in August. After reporting an all-time low in revenue growth, investors baulked, expunging $20bn in market value. The founding duo’s 3% stake in the company currently carries a value…
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It is likely that these financials will also cast a light on the reach of artificial intelligence (AI), depending on how it impacts the tech giant’s bottom line. Alphabet is releasing its Q3 results amidst two ongoing anti-trust legal cases brought against it by the US Department of Justice (DOJ), which accuses it of unfair…
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Rolandas Juteika, Head of Wealth and Trading (EEA), noted that the FinTech company works continuously to make investing and trading accessible to all members of society. Juteika stated: We want to bring our customers easy access to companies that are closer to them. From Adidas to Zalando, our customers can now invest in well-known European…
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This acquisition boosts Chevron’s existing portfolio, adding assets such as the Stabroek block in Guyana and Hess Bakken, which expands Chevron’s shale position and Permian basin operations. Hess chief executive officer (CEO), John Hess, is expected to join the Chevron Board of Directors. Chevron’s chairman and CEO, Mike Wirth, highlighted the two companies' similar values…
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This allows VCFC to expand into the Saudi Arabian financial sphere and reach a potential six million individual investors. The company also indicated that it is seeking further regulatory approval to provide investment banking, asset management, and mutual funds. During a soft launch between 24 and 26 October at the Future Investment Initiative Forum in…
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Despite this, HM Revenue and Customs data from September of this year presents a promising increase in UK R&D expenditure (Research & Development). After a dip caused by the Covid-19 pandemic, R&D expenditure for 2021-2022 totalled £44.1bn – a hefty and welcomed sum that has worked against interest hikes and ever-increasing inflation rates. Don’t miss…
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