Credit Suisse recently posted net loss of CHF 252 million in Q1 2021. The numbers reflected a significant charge in relation to the US-based hedge fund matter. The company descended into crisis after the collapse of US investment firm Archegos and suspending funds linked to the fallen British supply chain finance company Greensill Capital, reported…
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The official announcement said: The Board would like to express its sincere gratitude to Mr Tai for his leadership and dedication to HKEX as Interim Chief Executive. Mr Tai has confirmed that he has no disagreement with the Board and that he is not aware of any matters relating to his cessation as Interim Chief…
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GOLD Gold is steady just above the threshold of $1,870. The modest gains seen this week should be considered in a bigger picture, as it is the third week in a row in green for bullion. The main trend is still positive with investors buying gold on the weakness of the dollar and as a…
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Referring to the Corporations Act 2001, ASIC also alleges that the aforementioned bonus payments were a breach of the prohibition of conflicted remuneration. This is said because the bonuses could, on obvious grounds, be an influencing factor in the financial product advice given by the advisors. The bonuses could have similarly influenced the choice of…
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Apifiny announced the appointment of ex-Goldman Sachs Vice President, Jason Jiang, as its latest Chief Technology Officer. The latest appointment at the crypto mining firm is the latest in a trend of veteran executives in the financial industry joining rapid-growth digital asset companies seeking a fast solution to the growing demand from retail and institutions…
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Apifiny’s CEO declared that Jiang’s wealth of experience within the financial services sector makes him “ideally positioned” to aid in the company’s transformation, as well as to “unify the global crypto market.” Haohan Xu, CEO of Apifiny, stated: We are uniquely positioned to become the de-facto global crypto marketplace for trading professionals, connecting all of…
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Stocks Forex AF Limited obtained its CIF license in 2015. The company offered forex and CFDs trading services in the Spanish-speaking region. The CySEC withdrew the company’s CIF license on 10 May and announced it yesterday. Earlier this week the regulator withdrew the CIF license of Rodeler Ltd, operator of the forex and CFDs broker…
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The FCA regulated arm of Admirals, Admiral Markets UK Limited, reported strong growth in trading volumes in 2020. The company saw 53% increase in revenue at £10.15 million, compared to £6.62 million the previous year Admirals UK also registered profit of £730,257 for the year, up 90% from £384,270 in 2019. The active user accounts…
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Revenues during Q1 reached €218.2 million marking an 8.4% rise year-on-year. Gross operating profit rose 7.2% on yearly basis to €144.5 million. Alessandro Foti, CEO and General Manager of FinecoBank, stated: We’re very satisfied about these quarterly results which strongly underline the change of pace in Fineco’s growing path. A turning point based on extreme…
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O’Malley, commented: With a record number of new active clients onboarded during 2020 it’s an exciting time to be joining Saxo Markets, as a leading online investment and trading community. I look forward to working with the team to support its rapid growth and help the business realise its ambitions. His new role will have…
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