Most of Volt’s clients initiated transfers to other banks. Now the bank has voluntarily transferred the balances of the remaining 441 customers, a total value of AU$113,073, to the National Australia Bank (NAB). The official announcement said: APRA closely monitored the return of deposits process, and formally approved the transfer of deposits to NAB using…
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Gold Gold prices have barely moved during early Monday trading, reflecting the performance of the US dollar, which is also trading flat. Market expectations have settled on a 75bp rate hike by the Federal Reserve this Wednesday, and so the mood in the markets is now calmer, contrasting with the greater turbulence of previous weeks,…
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The company noted that the cash on the balance sheet has increased by €72 billion YoY as blocked coupon payments and redemptions accumulate. Euroclear also earned €110 million as interest income from frozen Russian assets in the first half of the year. Lieve Mostrey, Chief Executive Officer, said: We delivered a strong performance across the…
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Torgeby joined SEB from Morgan Stanley in 2009. While at SEB, he held several positions within the Large Corporates & Financial Institutions division and was later named the division’s Co-Head and a member of the Group Executive Committee in 2014. He became President and CEO in 2017. Torgeby is now a director of the Swedish…
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Kris Marszalek, Co-Founder and CEO of Crypto.com, said: Europe is a priority region for Crypto.com and our continued expansion in the market is a testament to our commitment to compliance and collaboration with regulators. Our registration in Cyprus is the next significant step in our continued progress as we expand our products and services to…
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Leigh Travers, Director of Binance Australia Derivatives said: Launching crypto derivatives under an AFSL delivers on our core strategy of becoming a regulated institution in Australia. The Binance Australia Derivatives products will enable wholesale customers the opportunity to hedge their crypto portfolio as well as grow the total size of Australian crypto markets. Changpeng Zhao,…
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Meanwhile, the current political crisis in Italy following prime minister Mario Draghi’s resignation after the two key parties withdrew their support to the Government, is also adding uncertainty. However, despite today’s bearish price action, equity markets remain on their way to close their best week in a month, while investors try to assess whether this…
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McCarthy commented: We remain focused on putting exceptional client experience at the center of our strategy. As an award-winning global marketing executive known for applying business and operational rigor to creative brand and digital strategies, Brenda’s decades of experience in brand building and B2B marketing is an ideal fit as she takes the helm of…
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Chairman of Cyprus Securities and Exchange Commission (CySEC), Dr. George Theocharides, said: To achieve CySEC’s mission to exercise effective supervision, ensure investors’ protection and the healthy development of the capital market, CySEC is adopting changes to its supervisory processes when it comes to monitoring cross-border activities. This will ensure that poor practices and possible violations…
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McDonald’s might hold ahead of earnings Shares in McDonald’s Corp (symbol ‘MCD’) have made gains since late last month to around $253 as losses continued in some other sectors and participants are increasingly worried about the prospect of a recession. McDonald’s will report its earnings for Q2 pre-market on Tuesday 26 July. The consensus for…
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