Nigel Farage’s claims that his account was ‘debanked’ by Coutts, which is part of NatWest Bank, based on his political views as leader of the Brexit Party, partly motivated this investigation. The politician presented a document that showed the decision to close his account was partially due to his political opinions. However, this internal bank…
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In August alone, active ETFs garnered $9.8bn in investor cash compared to $9.5bn pulled by passive funds. For every $4.06 made from passive funds, active ETFs have gained $1 over the last 12 months. The gap appears larger; however, three years ago, passive funds registered $6.02 for every $1 of active ETFs. That being said,…
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A local report detailed how prominent executives attended a forum on the legal issues and potential criminal dealings associated with digital assets. Among these were Ki No-Seong, the deputy chief prosecutor, and Park Min-woo of the Financial Services Commission (FSC). This session highlighted money-laundering possibilities and concerns. According to a Google-translated statement, Seong commented: Illegal…
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The company plans to list approximately 19.2 million shares for between $27 and $29 each, a $2 raise from its earlier indication of between $25 and $27. Nearly 20 times oversubscribed on the back of investor interest, experts are predicting a strong start on the New York Stock Exchange (NYSE). The positive response to the…
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‘Central bank watching’ will be the name of the game this week, with financial markets remaining highly sensitive to any shifts in the interest rate outlook, particularly given the recent ramping up of energy prices. The move higher in energy costs was born out in the US inflation data last week, which could nudge the…
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Poor debt provisions in retail trade spiked to C$81m, compared to a C$9m recovery a year earlier, according to the latest quarter-end results. This performance signifies the increasing pressure flowing from rising borrowing costs. In a communication shared with Reuters, the Bank informed automotive dealers that new agreements are off the table as of 15…
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Tolstedt captained the retail and small business lending institution from 2007 to 2016 and became the only top Executive to face criminal charges. This occurred after the company’s forceful sales culture, which resulted in opening millions of accounts and selling products customers did not want, came to light. Prosecutors in the case vied for a…
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The workforce of Gorgon and Wheatstone Australia supply 5% of global gas, and as of Thursday, they extended their strike over the initially agreed six days. According to industry experts, workers’ unions can continue to strike for up to 24 hours each day and refuse to load tankers and shipments. Norway, however, is determined to…
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This IPO is not only the largest of the year but also the largest in the past two years. Since the Rivian IPO, nothing has made a market splash like Arm since 2021. Palpable excitement among investors boosted the Dow Jones by more than 330 points. Softbank, Arm’s parent company, acquired the chip maker for…
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Earlier this month, reports of the departure of Mayur Kamut, the Binance Head of Product, were issued in the wake of other key resignations, which included the Chief Strategy Officer, Patrick Hillmann, and General Counsel, Hon Ng. The company also lost its Senior Director of Investigations, Matthew Price, and Senior Vice President for Compliance, Steven…
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