The portfolio, valued at €6.7 billion as of December 31, 2024, was retained following HSBC’s earlier disposal of its wider French retail banking business. The proposed sale, outlined in a memorandum of understanding, is expected to be completed in the fourth quarter of 2025. HSBC Continental Europe said it would work closely with the buyers…
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However, the second quarter was shaped by geopolitical uncertainty and continued market volatility, the company said. Q2 business income remained consistent with the strong first quarter, while issuances stayed robust. “We are reporting robust results for the first half of 2025, in line with our expectations,” said Valérie Urbain, Euroclear’s CEO. “Our business income continues…
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The companies explained in a press release on Friday that the programme is using artificial intelligence to improve forecasting accuracy and reduce hedging costs. The collaboration centres on Ant International’s Falcon Time-Series Transformer (TST) Model, which incorporates AI-powered time series forecasting with nearly 2 billion parameters. Combined with Citi’s Fixed FX Rates solution, the tool…
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The move follows Webull’s crypto trading launch in Brazil last month and is part of a broader push to expand digital asset offerings globally. The company explained that the arrangement will see Webull Pay Inc., the parent company of Webull Pay LLC, become a subsidiary of Webull Corporation (NASDAQ: BULL). The transaction has been approved…
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The companies said in a press release that the move will simplify the process of investing in private markets and broaden access for wealth managers and their clients. They explained that by leveraging Clearstream Fund Services’ platform, Carlyle will gain exposure to more than 300 distribution partners, including major global wealth managers with strong footprints…
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The review, conducted by BDO and completed as of June 30, 2025, assessed Fastmarkets’ methodologies and governance across key price assessments and indices spanning metals and mining, forest products, and agricultural markets. It also included benchmarks administered by Fastmarkets Benchmark Administration Oy (FBA Oy), the group’s Finland-based entity responsible for EU Benchmark Regulation (BMR) compliance.…
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The move is said to be part of the bank’s efforts to expand its presence and strengthen key partnerships across the region. Pollina will report to SC Ventures CEO Alex Manson, with a matrix reporting line into Mandy DeFilippo, CEO for the U.S. and Americas. In her new role, she will support both SC Ventures…
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The Paris-based payments giant said on Wednesday that its AI routing solution, now live following successful pilot programmes, delivers a more than 2% improvement in authorisation rates, building on the 3% uplift already achieved through rule-based routing alone. They noted that one pilot customer reported a revenue increase of €1.63 million from higher authorisation rates…
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Barclays Bank UK PLC was fined £3.1 million for opening a client money account for WealthTek without carrying out adequate checks. The bank reportedly failed to verify whether WealthTek was authorised to hold client funds, a step that could have been completed by consulting the FCA’s register. As a result, clients deposited £34 million into…
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The move marks a key milestone in eToro’s strategy to expand its presence across Asia-Pacific. The company stated that with the licence now in effect, eligible retail investors in Singapore can access a broad range of financial instruments through eToro’s platform, including stocks from over 20 global exchanges, exchange-traded funds, and derivatives. “This is an…
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