The deal will see StoneX’s subsidiary, StoneX Financial Europe GmbH, take over the Paris-based firm. Plantureux et Associés, with nearly four decades of experience in agricultural commodities, is seen as a well-established intermediary in France’s cereal market. The firm operates across both physical and derivatives markets and is known for its deep industry expertise and…
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The company has made the move as it plans to scale generative AI across the business. The Spanish banking group first partnered with OpenAI in May 2024, trialling the secure enterprise version of ChatGPT to streamline internal operations and boost innovation. One year on, the bank said that over 80% of licensed users report using…
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The company made the announcement in a fourth-quarter trading update, saying the updated forecast has been driven by elevated client trading activity in the fourth quarter. The trading platform cited higher-than-expected volatility across several asset classes, particularly in April, which boosted activity. Market consensus currently estimates FY25 revenue at £1.05 billion and adjusted pre-tax profit…
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The enhanced partnership will focus on capital access, fraud protection, and digital wallet services. As part of the collaboration, Paysafe will integrate Fiserv’s Clover Capital solution, enabling SMBs to access funding more easily to support growth. The partnership is also expected to see Paysafe adopt Fiserv’s Data-as-a-Service platform to bolster fraud prevention capabilities, further safeguarding…
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The move potentially ends a long-running civil enforcement action filed in December 2020. Under the terms of the agreement, the SEC and Ripple will jointly ask the district court to consider dissolving an injunction imposed in an August 2024 judgment and to release funds held in escrow. That escrow account currently holds a $125 million…
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The acquisition will see Coinbase pay $700 million in cash and issue 11 million shares of its Class A stock. The deal is expected to close by the end of 2025. Deribit has roughly $30 billion in open interest and processed more than $1 trillion in trading volume last year in its key markets, largely…
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The failings are said to include inadequate oversight of paid influencers and widespread disclosure lapses affecting millions of clients. FINRA said Webull failed to supervise or retain records of promotional content produced by more than 400 paid social media influencers between January 2019 and December 2022. They add that some of the content contained exaggerated…
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The new service, HSBC TradePay for Import Duties, is said to enable businesses to streamline duty payments while optimising working capital. By allowing HSBC to settle import duty payments directly, either via pre-agreed credit terms with brokers or through ACH credits, HSBC said clients can access credit and make payments in a single transaction. “Clients’…
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Net income increased 35% to $71.7 million, while diluted earnings per share rose 29% to $1.41. Executive Vice Chairman Sean O’Connor credited the gains to “solid performance across a wide range of our products and segments,” citing increased market volatility and strong client engagement as positive drivers. Return on equity rose to 15.7%, up from…
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The move strengthens CMC’s position in the digital asset space, with the FTSE 250-listed financial services provider also increasing its holdings of the STRX token from 10 million to 15 million. The expanded partnership is said to mark a new phase in the collaboration between the two companies. “This agreement represents a major step forward…
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