The fine is said to be for breaches of organisational requirements related to derivative sales, investment advice recording, and account switching delays at its Postbank branch. The largest portion of the fine—€14.8 million—was issued for Deutsche Bank’s failure to investigate and address compliance shortcomings in its sale of currency derivatives in Spain. The bank took…
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The companies said in a press release that the app is aimed at making copy trading more accessible for traders of all levels. The app allows users to follow and replicate the strategies of top traders in real time, directly from their mobile devices. They explain that the platform integrates Brokeree’s desktop Social Trading solution,…
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Jungo Brüngger, currently a member of the Board of Management at Mercedes-Benz Group AG, brings extensive experience in legal affairs, governance, and sustainability. She oversees integrity, governance, and compliance functions and also serves on the supervisory boards of Munich Re and Daimler Truck Holding AG. Tretikov is a technology expert, specialising in artificial intelligence and…
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The agreement will see HKEX and CMU OmniClear explore initiatives aimed at improving efficiencies across equities and fixed-income markets. They will also look at expanding the use of Mainland bonds as collateral, and advancing Hong Kong’s role as a bond issuance centre. The collaboration is also expected to contribute to the transformation of CMU into…
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Exclusive Markets said Monday that it has officially expanded its presence in the Middle East and North Africa (MENA) region with the opening of a new representative office in Dubai. The company said it is also launching a special offer for Ramadan, offering traders the chance to win a VIP trip to Dubai and other…
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The partnership is said to aim to provide brokers with enhanced hosting infrastructure and access to Brokeree’s flagship investment systems, including Social Trading, PAMM, and Prop Pulse. “This partnership provides premium hosting infrastructure, guaranteeing 99.99% uptime and around-the-clock expert support to ensure a seamless trading experience for brokers and their traders,” said Brokeree. The firm…
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The Copenhagen-based investment bank also saw client numbers grow to nearly 1.3 million (from 1.12 million), while client assets hit an all-time high of EUR 114 billion, up from EUR 100 billion in 2023. CEO Kim Fournais credited the strong performance to Saxo Bank’s commitment to delivering value, citing the bank’s new global pricing strategy…
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The affected sites include three unauthorised financial intermediaries and one website promoting financial products without a prospectus, according to the regulator. Consob said it exercised its authority under the "Growth Decree," which allows Consob to block access to fraudulent financial services operating online. The websites ordered to be blacked out are: Flowtradey (https://flowtradey.nl) State Street…
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The division will integrate the expertise of Nomura Trust and Banking Co., Ltd. and Nomura Bank (Luxembourg) S.A., focusing on private markets, bespoke financial products, asset building, and estate planning. The firm said the decision to launch the new division was driven by the “megatrends of inflation, the changing interest rate environment and Japan's push…
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The payments giant said in a press release that it now handles transactions equivalent to 1.3% of global GDP and is used by half of the Fortune 100, including major corporations such as NVIDIA, PepsiCo, and Comcast. In their annual letter, co-founders Patrick and John Collison attributed the company’s rapid expansion to its AI-driven payment…
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