Subeva is the third former Credit Suisse banker to be barred for lacking integrity in connection with a corrupt loan scandal involving the Republic of Mozambique. In May 2019, she pleaded guilty in a US court to conspiracy to commit money laundering, after accepting $200,000 in unlawful kickbacks related to loans arranged for Mozambique. The…
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As a member, Euroclear Bank will now participate in both the specials and €GCPlus segments of the RepoClear SA service, gaining access to Europe’s largest cleared liquidity pool. The move is expected to deliver capital and operational efficiencies while enhancing Euroclear’s risk management capabilities. GC Plus, the tri-party general collateral repo clearing service developed jointly…
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The inclusion will see AIM-listed stocks available on a range of Cboe platforms, including the Lit and Dark order books, the Periodic Auction book, the Closing Cross (3C), and Cboe BIDS Europe. The exchange added that the securities will also be reportable as Exchange Trade Reports (ETRs). Cboe confirmed that standard trading hours will apply,…
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Based in London, he will report directly to the company’s Chief Operations Officer, Zane Kotane. Parker has over 25 years of experience across market, credit, operational and liquidity risk, having held senior roles at BCS Global Markets, Sberbank CIB, Deutsche Bank, MF Global, and BGC Partners/Cantor Fitzgerald. He began his career as an options market…
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The collaboration aims to provide buy-side firms with access to a broader range of services and enhanced operational efficiency. The first live product of the partnership is a fund data management service delivered through Clearstream’s Kneip platform. This is said to allow SimCorp clients to outsource the dissemination of fund data, documents and regulatory reporting,…
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Profit before tax rose 12% to £68.8 million, while diluted earnings per share climbed 11% to 12.36 pence. The company told investors that it maintained a robust revenue margin of 32.4 basis points, though the profit margin dipped slightly to 44.9% due to increased investment in brand and product development. Customer numbers grew to 593,000,…
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The service is said to offer customers scalable, secure access to infrastructure directly connected to the Australian Liquidity Centre (ALC), ASX’s data centre located at the heart of the country’s financial markets. Built on Beeks’ Exchange Cloud platform, ASX said Colo OnDemand provides private cloud computing and high-performance trading infrastructure on demand. Jamie Crank, ASX’s…
Read moreFurthermore, the company said in a press release that the move enables local merchants to connect with global markets. The payments technology leader already operates in Argentina, Brazil and Mexico. With Colombia now added to its regional footprint. Worldpay stated that it aims to support both local businesses seeking international growth and global brands targeting…
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The firm revealed that the offering is being conducted through a private placement to qualified investors only, excluding retail investors. The bonds will pay a fixed annual coupon of between 1.5% and 2.0%, with interest payable semi-annually. The initial conversion price will be set 30% to 35% above Euronext’s reference share price on Euronext Paris,…
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The Florida-based brokerage firm was also ordered to pay $38,591.39 in restitution to affected customers and undertake corrective measures. According to FINRA, between February 2021 and the present, AAG Capital did not implement a system reasonably designed to comply with Regulation Best Interest (Reg BI) when recommending registered index-linked annuities (RILAs) to retail clients. The…
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