In the official announcement, FCA alleges the bank was aware of its incorrect submission but did not offer an explanation in the quarterly update. The FCA stated: Metro Bank also failed to consider, and to seek legal advice on, whether the incorrect RWA figure ought to be qualified or explained in the October Announcement. As…
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Adam Blemings, Head of Trading at IG Group said: We aim to provide ambitious, self-directed individuals with unparalleled access to the world's financial markets to help them reach their financial goals. We are thrilled to add AQSE stocks electronically as the latest in our ongoing expansion of our array of financial assets. Earlier in September,…
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The Singapore Exchange said in the official press release: Record foreign exchange (FX) trading activity drove derivatives volume, amid optimism on Asian economies and signs that the U.S. Federal Reserve will slow its pace of interest-rate hikes. Derivatives daily average volume (DAV) for the period decreased to 1.1 million contracts, registering an 8.3% fall compared…
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Despite his retirement, Blaafalk noted that he will not step down from his directorship roles at this time. He said: It will not be a complete goodbye to Saxo Bank, as I will continue in some directorships of our subsidiaries and I will always be an ambassador for this GREAT company. I will also pursue…
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The Scam The Aussie authorities found that the fraudsters employed sophisticated tactics in their operation. They used sophisticated social engineering methods to get in contact with the victims, including targeting them through dating sites, employment sites and messaging platforms before approaching them with the fraudulent investment opportunities. The victims who fell for the scam were…
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Mark Steward, Executive Director of Enforcement and Market Oversight at the FCA, said: Santander’s poor management of their anti-money laundering systems and their inadequate attempts to address the problems created a prolonged and severe risk of money laundering and financial crime. As part of our commitment to prevent and reduce financial crime, we continue to…
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Against this background, there may be scope for further dollar softness. Ricardo Evangelista – Senior Analyst, ActivTrades Disclaimer: opinions are personal to the authors and do not reflect the opinions of LeapRate. This is not a trading advice.
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Gain Capital stopped the system malfunction but before it had done so it had incurred a loss of about $3 million. The company also made negative adjustment of the accounts of 17 customers by about $2.84 million and the positive adjustment of 33 customer accounts by about $35,000. These actions were approved by Gain Capital's…
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Mike Alexander, President of Wealth Management, Broadridge, said: Broadridge’s partnership with IntraFi expands the availability of securities-based lending to previously underserved parts of the market — community and regional banks, independent broker-dealers, and unaffiliated advisors and RIAs.This innovative joint solution for banks brings more capital to bear in the securities-based lending business and increases the…
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Olly has served as pendent non-executive director at Hargreaves Lansdown (HL) since June 2019. Prior to becoming CEO of Dunnhumby, he worked at analytics company RELX for 17 years. While there, he held a number of senior digital roles and helped drive its digital transformation. Chair Deanna Oppenheimer said: Having worked with Dan in a…
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