Options CEO Danny Moore said Lambert had laid the foundations for the company’s recent success but that it was now time for McCann to step up and enact the next part of its long-term strategy. That will involve connecting the more prominent teams in Option’s offices in London, New York and Chicago with its base…
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A report found that around three-quarters of people in senior positions at the FCA have been in their respective roles for less than four years. The lack of experience across senior leadership has contributed to struggles in straightening out crypto regulations and clamping down on illegal crypto-related activities. Don’t miss out the latest news, subscribe…
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In addition to the information mentioned above, the non-farm payrolls report also revealed that the Unemployment Rate declined, dropping from 3.9% in the same period to 3.7%. This shift indicates a positive trend in the labour market. As measured by the change in Average Hourly Earnings, annual wage inflation remained stable at 4%, aligning with…
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Charlie Rozes will continue to serve as Interim CEO and Group CFO until Breon assumes his role. Upon Breon's arrival, Charlie will maintain his position as Group CFO and will remain a member of the Board. Breon Corcoran brings a wealth of experience in leading multinational fintech firms and successfully executing their growth strategies. He…
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Robinhood’s General Manager, Johann Kerbrat, said that the EU was selected as its “anchor” region for international expansion due to its highly developed crypto laws and regulations – this includes the comprehensive Markets in Crypto-Assets (MiCA) Act. Robinhood believes adhering to these stringent regulations will make its product more appealing to a European audience. Don’t…
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Chai said it was an “honour” to make the step up after three years at Nasdaq. He joined the company in 2020 as Chief Risk Officer before heading up the company’s Marketplace Technology Business. Chai’s burnished his reputation in both of those roles and has now been selected to spearhead Nasdaq’s European operations. Don’t miss…
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The yen climbed its highest in one day for almost a year against the euro on Thursday, which was hit by some minor losses. BOJ Governor Kazuo Ueda addressed the options available to the BOJ, which entail paring back on interest rate hikes, cutting short-term borrowing costs or pushing the yen higher with further rate…
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The initiative comes during intense developments within FTX’s bankruptcy process. The Official Committee of Unsecured Creditors has recently addressed insights from the FTX 2.0 Customer Ad Hoc Committee. They are focused on striking a fair equilibrium between the valuation and distribution of assets in the proposed reorganisation plan, a crucial element in determining the future…
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From January 2019 to March 2023, SoFi was found lacking in effective supervisory systems. This oversight led to the automatic inclusion of over two million clients in its fully paid securities lending program, conducted without obtaining necessary consent or ensuring full disclosure. Moreover, SoFi was responsible for circulating misleading materials about the rewards customers would…
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Analysts observe that the 12 consecutive months of exceeding expectations have been spurred on by the rapidly growing demand for artificial intelligence (AI) chips, mainly GPUs, which are provided by tech giants such as Nvidia, and semiconductors. Don’t miss out the latest news, subscribe to LeapRate’s newsletter Hans Mosesmann, analyst at Rosenblatt Securities, suggested that…
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