The merger established a company with assets under management (AUM) of €175bn. It also gained 100 KBA consultants in Ireland, London, and Luxembourg to extend the company’s service delivery reach. This merger rests on a beefed-up governance structure and operating model across all locations, enabling the company to deliver consistent and uniform solutions. Don’t miss…
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The move is likely to strengthen MKTX’s position as one of the leading platforms for fixed-income securities trading. The US-based company already has a client base of 2,000+ firms who rely on the OpenTrading marketplace to conduct secure trades and drive cost-savings. MarketAxess CEO Chris Concannon said he was delighted to close the deal for…
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UBS share trading stopped temporarily on 27th September after falling by nearly 8%. This occurred in the wake of a Bloomberg news report about a current US Department of Justice probe into the possibility that the financial institution failed to comply with sanctions and, in doing so, helped Russian clients side-step the sanctions. In light…
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Reuters reports that Evergrande has sought creditors’ approval to reorganise its offshore debts. A probe into the main China unit, however, complicated this endeavour. The newsagent indicated how a group of offshore debtors planned to obtain a legal petition to liquidate the developer if it did not restructure its debt repayment plan. On Friday, 29th…
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The 36-year-old’s flee attempt followed repeated failures to assist with an investigation into how the crypto hedge fund, which once managed $10bn in assets, spectacularly collapsed last year. Financial advisory firm Teneo obtained a “commital order” to arrest Zhu so he could assist with the ongoing liquidation procedure. A second co-founder, Kyle Davies, has not…
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After just missing a 16-year high, US GDP data has shown yields to be marginally smaller than expected for September. The retreat in yields has allowed risk assets some breathing space, but with the 10-year note still above the 4.5% level, investors are anxious about a downward spiral in October due to Index uncertainty. Market…
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Some investors believe this is just the tip of the iceberg and predict government bonds will weaken even further. They may have a point, as both US and German government bond yields were pegged for significant quarterly increases but failed to live up to expectations. Poor performances dashed the hopes of fund managers who thought…
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This news follows the May announcement regarding the company’s launch of the Coinbase International Exchange. This is a non-US exchange with a class F licence from the BMA. Experts believe this regulatory approval will open doors for crypto asset trading. This would be a positive move for the industry at a time when financial regulations…
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In its press release, the company commended its Advanced Geophysical Analysis, which operates using 3D inversion data. This dataset, which was created in collaboration with experts from Computational Geosciences Inc. and Convolutions Geoscience, has led to the identification of multiple priority anomalies which determine the position of the company’s next drill site. According to Geoscience…
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Bloomberg News reported that the U.S. Department of Justice launched an all-out probe regarding sanction violations by Credit Suisse. As UBS merged with Credit Suisse earlier this year, it invariably falls under the authority’s spotlight, too. The Swiss government orchestrated the UBS emergency takeover to prevent an economic meltdown in Switzerland and the global impact…
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