President Trump has faced yet another legal backlash, as Deutsche Bank received an order to disclose his financial records. The decision that took place last week is just the latest one that is going to be decided on by the Supreme Court. Trump had 7 days to appeal the ruling that rejected his bid to…
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AccessFintech has just announced that it has teamed up with with four leading investment banks and it has completed its production launch and is live with a new industry use case, to meaningfully enhance and improve the market’s settlement exception resolution process. Citi, Credit Suisse, Goldman Sachs and J.P. Morgan have jointly launched an industry-wide…
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China is aiming to carry out the initial real-world trial of its central bank digital currency (CBDC), according to local news outlet Caijing. The initial test for the CBDC is scheduled for Shenzhen before the end of the year, possibly including the city of Suzhou as well. With the support of the People’s Bank of…
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Adam Vettese, UK Market Analyst at eToro, has provided his daily commentary on traditional and crypto markets for December 9, 2019. The text below is an excerpt and does not contain the full analysis. Highlights include: November Job Report Shatters Expectations: Last month, employers added 266,000 jobs during the month, around 80,000 more than consensus…
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Automated regulatory compliance specialist muinmos has earlier this year been selected to participate in the fifth cohort of the FCA’s Regulatory Sandbox. The Danish RegTech organisation uses Artificial Intelligence (AI) techniques to help financial institutions to categorise and validate regulatory compatibility for a range of financial products and services on a national and cross border basis. Back in…
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Eurex, part of Deutsche Börse Group, has announced today that it will extend its pioneering role in ETF derivatives. Europe’s derivatives exchange will be the first to launch EUR-denominated fixed income ETF options on 9 December. The two underlying ETFs – iShares EUR High Yield Corporate Bond ETF (IHYG LN) and iShares Core EUR Corporate…
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The UK Financial Conduct Authority (FCA) has put out details of another unregulated firm yesterday. The name of the latest addition to the regulator’s warning list is the company Claim Yours Limited. According to the regulator, this firm is not authorised by the FCA and is targeting people in the UK. Based upon information the…
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ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for December 9, 2019. This is not a trading advice. See details below: FOREX/BREXIT The pound edged up against the US dollar by 0.2% during early Monday trading. The continuous support found by Sterling, especially over the last two weeks, arises from…
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It was not that long ago that the phrase “fintech” would have fallen on deaf ears, but in recent years, our lives have been re-ordered in a way by computer programs, apps, and technology that have taken our banking and financial services to new levels. The digital age has ignited a number of debates between…
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On Friday, December 6th, in a prosecution hearing against a potential criminal cartel case involving Deutsche Bank AG and Citigroup INC, the former JPMorgan head of markets, Jeff Herbert-Smith, served as a prosecution witness claiming that the banks never colluded in the first place. The testimony actually served as a blow to the prosecution case…
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