The company revealed in its interim results, released Thursday, that net trading revenue rose 12% year-on-year to £451.7 million, with adjusted pre-tax profit up 30% to £266.8 million, reflecting lower costs and an adjusted profit margin of 51.1%. Adjusted earnings per share surged 42% to 55.3p, and the company announced an increased interim dividend of…
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According to a report by The Times this week, the fintech's board is divided, with CEO TS Anil said to be favouring the US for its initial public offering (IPO), while other directors advocate for a UK listing. The decision comes amid growing speculation about a possible IPO following Monzo's strong financial performance last year.…
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The settlement, revealed in a Letter of Acceptance, Waiver, and Consent (AWC), arises from issues in UBS FSI’s reporting of “blue sheets” between December 2012 and September 2018. Blue sheets contain critical transaction details used by regulators to investigate potential market misconduct, including insider trading and market manipulation. FINRA said UBS FSI misreported or omitted…
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The collaboration will see BUX grant clients access to SSGA's SPDR ETFs alongside educational resources. The company said the flexibility of its investment platform allows investors to set up personalised investment plans that align with their financial goals, and “by including access to SSGA SPDR ETFs, BUX’s clients have the opportunity to further diversify their…
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The firm said in a press release that NYSEIPO is a new equal-weighted index designed to track the performance of companies recently listed on the New York Stock Exchange (NYSE). This includes companies that have undergone IPOs, direct listings, spin-offs, and uplistings from OTC or international markets over the past three years. Lynn Martin, President…
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What did President Trump say about tariffs? Trump has signed a series of executive orders aimed at reshaping US border and energy policies, as well as dismantling diversity programs within federal agencies. These actions, taken on his first day in office, include a declaration of a national energy emergency and directives to promote fossil fuel…
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The decision means Hong Kong is the 33rd location in the LME’s network, which stretches across the USA, Europe, and Asia. Matthew Chamberlain, LME CEO, stated, “The addition of Hong Kong to our global warehousing network is an exciting development, providing warehouse facilities closer to the metals hubs of Mainland China than ever before. “Mainland…
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The firm said in a press release that the solutions suite is designed to cater to the diverse FX needs of Financial Institutions (FI), Non-Banking Financial Institutions (NBFI), PayTech, and Corporate clients globally. SC PrismFX is said to integrate Standard Chartered’s digital Transaction Banking, Financial Markets, and Digital Platforms under one brand, providing FX payment…
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The firm will partner with the goal of enhancing digital financial solutions for Chinese enterprises expanding globally. The partnership is expected to focus on Global Treasury Management (GTM) to streamline financial management and support globalisation strategies. Furthermore, it will integrate Yonyou’s treasury management system with Deutsche Bank’s financial network, enabling data access and instruction transmission.…
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Key economic releases to watch US Existing Home Sales (January 22, 15:00 GMT) Housing is a cornerstone of the US economy, and this report sheds light on its strength. Analysts are anticipating a slight rise in sales, signaling persistent demand despite elevated interest rates. A stronger-than-expected figure could boost confidence in sectors like construction and…
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